• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau govt expects gaming tax rev to hit US$11bln in 2019

Nov 21, 2018 Newsdesk Latest News, Macau, Top of the deck  


Macau govt expects gaming tax rev to hit US$11bln in 2019

The Macau government expects to collect MOP91.0 billion (US$11.28 billion) in direct taxes on gaming next year, according to its draft budget for 2019, presented this week.

It had been estimated in the government’s 2018 budget that direct taxes on gaming collectable this year would amount to MOP82.41 billion. As of the calendar year to October 31, the target had already been surpassed by 7.0 percent.

The Macau government pocketed MOP88.15 billion in fiscal revenues from direct taxes on gaming in the first 10 months of 2018, a figure 15.6 percent higher than in the equivalent period a year earlier, according to provisional data released by the city’s Financial Services Bureau.

The Macau government’s fiscal surplus for the period stood at MOP49.67 billion as public revenue – which mainly relies on direct taxes from gaming – increased at a much faster rate than expenditure.

The Macau government has a track record of taking a conservative approach when estimating gaming-related tax revenue in its yearly budgets.

Aggregate casino gross gaming revenue (GGR) for the January-October period was MOP251.38 billion, up by 14.3 percent in year-on-year terms. Direct taxes from gaming brought in 80.5 percent of the Macau government’s total revenue for the period..

In a note issued last week, Japanese finance house Nomura forecast a scenario in which Macau GGR next year could shrink by 3 percent, with VIP revenue declining 10 percent, mass revenue up by 4 percent and slot revenue increasing 3 percent. The brokerage did its calculations in the light of the slide in shares in Wynn Resorts Ltd after the company gave a gloom-laden outlook for its Macau operations for the fourth quarter of this year.

The Macau government has forecast a fiscal surplus of MOP18.06 billion for 2019, on total public revenue of MOP122.39 billion.

The Macau government levies a special gaming tax on casino GGR at the rate of 35 percent. It also collects about 4 percent of the gross in indirect taxes for social and promotional purposes, as well as a levy on each gaming machine, live dealer table and VIP room.


  • tweet
Related articles
  • Macau collects gaming tax revenue of US$613mln in April
    Macau collects gaming tax revenue of...

    May 17, 2023  

  • Macau no plan for relief on junket commission levy: veteran
    Macau no plan for relief on junket...

    May 08, 2023  

More news
  • FBM enters U.S. market via Easy$Link deployment in Florida
    FBM enters U.S. market via Easy$Link...

    May 29, 2023  

  • RGB posts US$2.3mln 1Q profit, optimistic for rest of 2023
    RGB posts US$2.3mln 1Q profit,...

    May 29, 2023  


Latest News

FBM enters U.S. market via Easy$Link deployment in Florida

FBM enters U.S. market via Easy$Link deployment in Florida

May 29, 2023  

FBM, a maker of casino slot machines and an international specialist in electronic bingo machines, says it has delivered its first product in the United States. The firm said it had entered the...
Read More
RGB posts US$2.3mln 1Q profit, optimistic for rest of 2023

RGB posts US$2.3mln 1Q profit, optimistic for rest of 2023

May 29, 2023  

Cotai Expo hotel extra to licence capex, says Goldstein

Cotai Expo hotel extra to licence capex, says Goldstein

May 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Even in the darkest moments of the pandemic, we’ve always said this market will come back strong… We’re big believers in Macau”

Robert Goldstein

Chairman and chief executive of Las Vegas Sands



Most Popular

  • Londoner Macao pulls in foreigners and Chinese: LVS CEOLondoner Macao pulls in foreigners and Chinese: LVS CEO May 25, 2023
  • Ian Coughlan out of Wynn Macau Ltd board, Cameron-Doe inIan Coughlan out of Wynn Macau Ltd board, Cameron-Doe in May 29, 2023
  • Cotai Expo hotel extra to licence capex, says GoldsteinCotai Expo hotel extra to licence capex, says Goldstein May 29, 2023
  • Genting Malaysia revenue at US$494mln in 1Q, narrows lossGenting Malaysia revenue at US$494mln in 1Q, narrows loss May 25, 2023
  • Suntrust agrees to US$6mln loan from chairman Andrew LoSuntrust agrees to US$6mln loan from chairman Andrew Lo May 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us