According to its Secretary of Economy and Finance
Macau casino growth to slowdown in 2013
2012-11-23
Macau
Reading time 33 seg
(Macau).- Gross gaming revenue year-on-year growth in Macau will stabilise at a one-digit rate next year, The Secretary for Economy and Finance Francis Tam Pak Yuen said this week. Casino gross gaming revenue went up by 13.5 percent year-on-year in the first 10 months of 2012.
Mr Tam was speaking at the Legislative Assembly, which gave preliminary approval to the government’s budget for 2013, Business Daily reports.
Gaming tax revenue will continue to be the government’s bread and butter next year, Mr Tam admitted. The budgeted direct gaming tax revenue for 2013 reaches us$ 11.6 billion, 6.3 percent more than this year’s government budget.
But that actually represents a contraction if compared with the direct gaming tax revenue effectively collected by the government so far in 2012. However, the Macau government is historically very conservative in its yearly budgets.
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