• 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 surplus dips in 1H as casino take falls

Jul 22, 2016 Newsdesk Latest News, Macau, Top of the deck  


Macau govt surplus dips in 1H as casino take falls

The Macau government fiscal surplus is down by 32.1 percent year-on-year in the first half of 2016 to MOP17.26 billion (US$2.16 billion) as public revenue – which mainly relies on direct tax from gaming – keeps falling.

Much of the city’s public revenue comes from taxes on gambling, levied at an effective rate of 39 percent of the gross. The government’s total revenue stood at MOP47.85 billion at the end of June, 13.5 percent lower than in the prior-year period, according to data disclosed by the city’s Financial Services Bureau.

Direct taxes from gaming brought in 82.8 percent of the Macau government’s total revenue in the six months to June 30. The government collected a total of MOP39.61 billion in direct taxes from gaming in the first half of 2016, down by 13.4 percent year-on-year.

Accumulated direct tax from gaming has been declining as casino gross gaming revenue (GGR) in Macau continues to fall. Aggregate GGR for the first six months of 2016 stands 11.4 percent lower than in the same period in 2015, at about MOP107.79 billion.

In June, GGR stood at approximately MOP15.88 billion, the lowest monthly tally for Macau casino GGR since September 2010, according to official data.

While government revenue is declining, expenditure has actually been increasing, although at a slower pace than in previous years. Public spending in the first six months of 2016 reached MOP30.59 billion, up by 2.3 percent year-on-year, the official data show.

Although the government’s surplus is down more than 30 percent year-on-year, it is nearly five times above the MOP3.47-billion forecast for the full year. The execution rate on budgeted spending stood at 497.5 percent in the first half according to finance bureau data.

Macau’s Secretary for Economy and Finance, Lionel Leong Vai Tac, said earlier this month that the government expects overall casino GGR in the city to continue declining – in year-on-year terms – in the second half of 2016. However, the rate of decline is likely to slow, Mr Leong said.

The government maintains its forecast for the city’s GGR at MOP200 billion for 2016. That would represent a decline of 13.4 percent compared to the MOP230.84 billion in casino GGR recorded for the whole of 2015.


  • tweet
Related articles
  • Melco to help Macau govt revitalise some Inner Harbour piers
    Melco to help Macau govt revitalise...

    Sep 21, 2023  

  • Macau gaming tax revenue US$4.9bln in year to Aug
    Macau gaming tax revenue US$4.9bln in...

    Sep 15, 2023  

More news
  • GEN Malaysia stable outlook, rebound taking its time: Fitch
    GEN Malaysia stable outlook, rebound...

    Sep 21, 2023  

  • Golden Week Macau GGR to be 17pct up on rest of Oct: MS
    Golden Week Macau GGR to be 17pct up on...

    Sep 21, 2023  


Latest News

Melco to help Macau govt revitalise some Inner Harbour piers

Melco to help Macau govt revitalise some Inner Harbour piers

Sep 21, 2023  

Casino group Melco Resorts & Entertainment Ltd will take on responsibility for some new tourism and leisure elements at two waterfront heritage sites on Macau peninsula: Pier 23 and Pier 25...
Read More
GEN Malaysia stable outlook, rebound taking its time: Fitch

GEN Malaysia stable outlook, rebound taking its time: Fitch

Sep 21, 2023  

Golden Week Macau GGR to be 17pct up on rest of Oct: MS

Golden Week Macau GGR to be 17pct up on rest of Oct: MS

Sep 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Genting Malaysia’s revenue rebound has been slower than our expectations, and the impact on leverage has been compounded by Empire’s weak metrics”

Akash Gupta, Shiv Kapoor and Hasira De Silva

Analysts at Fitch Ratings



Most Popular

  • No swift resumption of dividends for most Macau ops: GSNo swift resumption of dividends for most Macau ops: GS September 19, 2023
  • Macau logs 3.2mln visitors in Aug, only 4pct from overseasMacau logs 3.2mln visitors in Aug, only 4pct from… September 20, 2023
  • Sept daily Macau GGR rebounds after storms: brokerageSept daily Macau GGR rebounds after storms: brokerage September 18, 2023
  • Hengqin-Macau tour reboot for mainland consumers: MGTOHengqin-Macau tour reboot for mainland consumers: MGTO September 19, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us