• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau govt rakes US$8.9 bln in gaming taxes in 1H 2014

Jul 14, 2014 Newsdesk Latest News, Macau, Top of the deck  


Macau govt rakes US$8.9 bln in gaming taxes in 1H 2014

The Macau government collected a total of MOP71.03 billion (US$8.9 billion) in direct taxes from gaming during the first six months of 2014.

The figure is up by 16 percent from the same period one year ago, according to data disclosed by Macau’s Financial Services Bureau.

The money raked until June-end accounts for 60.3 percent of the government’s MOP117.85-billion target for revenue from direct taxes from gaming for full 2014. The Macau government is historically very conservative when forecasting gaming tax revenue in its yearly budgets.

Direct taxes from gaming brought in 85.1 percent of the Macau government’s total revenue for the first half of the year. The importance of gaming taxes for the Macau government has been increasing in recent years, as the city’s casino industry booms.

The Macau government levies a special gaming tax on casino gross gaming revenue at the rate of 35 percent. It also collected 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.

Total government revenue for the first six months of 2014 was MOP83.45 billion. Government spending amounted MOP22.98 billion, meaning Macau ended the first half of the year with a surplus of MOP60.46 billion.


  • tweet
Related articles
  • Hoiana official opening scheduled for 2H 2021: UBS
    Hoiana official opening scheduled for...

    Jan 25, 2021  

  • SuzoHapp splits off cash handling biz, focuses on gaming
    SuzoHapp splits off cash handling biz,...

    Jan 19, 2021  

More news
  • Philippines to add POGOs to AML law to avoid FATF grey list
    Philippines to add POGOs to AML law to...

    Jan 25, 2021  

  • Okada Manila warns against online casino using its name
    Okada Manila warns against online...

    Jan 25, 2021  


Latest News

Hoiana official opening scheduled for 2H 2021: UBS

Hoiana official opening scheduled for 2H 2021: UBS

Jan 25, 2021  

Brokerage UBS Securities Asia Ltd says in a recent note that the official opening for the Hoiana resort (pictured in an artist’s rendering), a Vietnam casino complex, is now planned for the second...
Read More
Philippines to add POGOs to AML law to avoid FATF grey list

Philippines to add POGOs to AML law to avoid FATF grey list

Jan 25, 2021  

Okada Manila warns against online casino using its name

Okada Manila warns against online casino using its name

Jan 25, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"We have estimated that on average, the [daily] visitor arrivals for this year’s Chinese New Year break could turn out to be a bit weaker than for the Christmas holiday period"

Maria Helena de Senna Fernandes

Director of the Macao Government Tourism Office



Most Popular

  • Sands China sixth Macau op to pledge staff extra paymentSands China sixth Macau op to pledge staff extra payment January 21, 2021
  • Londoner Macao first phase launch Feb 8 says Sands ChinaLondoner Macao first phase launch Feb 8 says Sands China January 21, 2021
  • Macau Covid-19 case no bar to mainland travel tiesMacau Covid-19 case no bar to mainland travel ties January 22, 2021
  • Digital yuan eventually for Macau mass bets mulls BernsteinDigital yuan eventually for Macau mass bets mulls Bernstein January 22, 2021
  • Yokohama announces RFP timeline for casino bidYokohama announces RFP timeline for casino bid January 22, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us