The Macau government’s take from direct tax on gaming in the first four months of 2017 grew by 11.5 percent year-on-year to MOP29.92 billion (US$3.73 billion), according to data released by the city’s Financial Services Bureau.
The total revenue of the Macau government during the period was MOP35.90 billion, up by 10.6 percent compared to the same period last year. Taxes on gaming accounted for 83.3 percent of the total revenue in the period.
In the four months to April 30, the government surplus – the amount by which revenue exceeded spending – increased by 28.8 percent year-on-year, to MOP19.08 billion.
Macau’s direct tax on gambling at 35 percent of the gross – plus other contributions – bring the effective tax rate on casino wagering in the city up to 39 percent. The city’s authorities also charge premiums on the gaming tables and gaming machines used by the casino operators.
The city is currently forecasting that – in terms of the government’s authorised budget for 2017 – direct tax from gaming will contribute MOP71.86 billion this year.
Jan 22, 2019Macau casino operator SJM Holdings Ltd has under local law to issue a request to the city’s government if it wants an extension of its gaming concession before its contract ends in March 2020,...
Jan 22, 2019
Jan 22, 2019
”Despite fears around a trade war and China’s economic slowdown, the narrow-moat Macau gaming market’s competitive positioning and demand remain strong”
Analyst at Morningstar Asia