Macau’s gaming tax revenues down 5.3% in January | Yogonet International
Gaming taxes accounted for 82.3 % of the SAR government’s total revenues last month

Macau’s gaming tax revenues down 5.3% in January

(Macau).- Macau Special Administrative Region government saw its gaming tax income dropped 5.3 % year-on-year to us$ 370 million, the Macao Post Daily reported today.
2009-02-22
Macau
Reading time 40 seg

Gaming taxes accounted for 82.3 % of the SAR government’s total revenues in January, which amounted to us$ 449 million, a decrease of 10.3 % over the same period of last year, the Daily said, quoting figures from the SAR’s Financial Services Bureau (DSF).

Under relevant regulations, Macao’s casinos pay 35 % of their gross revenues as direct tax to the SAR government, and another 4 % to 5 % are also paid to the government as funds for the SAR’s social, cultural, educational and other public causes.

For the whole of 2008, the SAR government’s income from direct gaming taxes reached a record us$ 5 billion, increasing by 34.8 % over 2007, according to the DSF figures. Direct gaming taxes accounted for 77.5 % of the government’s total revenues last year.

In 2008, local gaming sector, comprising casinos, horse and dog races, and various forms of lotteries, posted record revenues of us$ 13.9 billion, according to the statistics from the SAR’s Gaming Inspection and Coordination Bureau.

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