JUE 28 DE MARZO DE 2024 - 08:55hs.
In 1Q 2017

Macau gaming tax revenue up 10 %

The Macau government’s take from direct taxes on gaming increased 9.6 % year-on-year in the first quarter of 2017, according to provisional data of the city’s Financial Services Bureau. Macau collected US$2.79 billion in fiscal revenues from direct taxes on gaming between January and March.

Direct taxes from gaming brought in 84.5 % of the Macau government’s total revenue in the first three months of 2017. Macau’s casino gross gaming revenue (GGR) rose 13.0 % year-on-year in the first quarter of 2017, to US$ 7.7 billion, according to data from the local regulator, the Gaming Inspection and Coordination Bureau.

 

Macau levies an effective tax rate of 39 % on casino GGR – 35 % in direct government tax, and the remainder in a number of levies to pay for a range of community good causes.

 

Macau’s Chief Executive, Fernando Chui Sai On, forecast in November that the city’s 2017 casino GGR would total US$ 24 billion. That is the same number the government gave as an estimate for 2016 casino GGR. The latter forecast undershot by 11.6 %, as the year’s final tally amounted to US$ 27.25 billion.

 

The government has said it expects to collect a total of US$ 22.65 billion in fiscal revenue from direct taxes on gaming this year. That would represent 79.1 % of the US$ 11.05 billion public revenue currently being forecast for the city.

Source: GMB / GGR Asia