Feb 05, 2024 Newsdesk Latest News, Macau, Top of the deck  
Macau’s six casino concessionaires have again been exempted from paying complementary income tax on the profits of their gambling operations. The latest exemption covers the period January 1, 2023 to December 31, 2027, according to a Macau government dispatch published on Monday.
The dispatch was signed by Macau’s Chief Executive, Ho Iat Seng, on January 29.
The starting date for exemption coincides with the January 1, 2023 beginning of the operators’ respective new 10-year concessions.
Under the latest concession system, the operators all face an effective tax rate of 40 percent on casino gross gaming revenue (GGR).
Each of the six concessionaires also has to pay a fixed annual premium of MOP30 million (US$3.72 million) to the Macau government.
On top of that, each casino concessionaire will pay a variable annual premium, to be set according to their gaming inventory. That includes: MOP300,000 per VIP gaming table; MOP150,000 per mass-market gaming table; and MOP1,000 per gaming machine, including slot machines.
The variable premium per operator each year will amount to not less than the equivalent payable for 500 gaming tables and 1,000 gaming machines.
A special premium will be payable if the annual GGR generated from each gaming table and gaming machine is respectively below MOP7 million (approximately HK$6.8 million) and MOP300,000.
Jul 22, 2024
Jul 22, 2024
Jul 26, 2024
Jul 26, 2024
Jul 26, 2024
Border-casino operator Donaco International Ltd has achieved a 164.17-percent year-on-year increase in its latest quarterly group earnings before interest, taxation, depreciation and amortisation...(Click here for more)
”We’ve got more traction outside of Macau at the moment. But Macau’s going be a bigger focus for us”
David Punter
Regional representative at Konami Australia