It is is expecting to rake in us$ 7.2 billion in direct tax from gaming
Macau government admits “very conservative forecast” for gaming revenues in 2011
2010-11-26
Reading time 18 seg
Eventually, legislators passed the document at its first reading. The Macau government is expecting to rake in us$ 7.2 billion in direct tax from gaming in 2011.
Current direct gaming tax in Macau stands at 35 % of casino gross gaming revenue. That means that the Macau government expects total gross gaming revenue for overall 2011 to be us$ 20.5 billion.
Oddly enough, the government’s estimates would mean that the gaming industry would face a year-on-year contraction in 2011.
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