International edition
June 22, 2021

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

(Macau).- The Secretary for Economy and Finance, Francis Tam Pak Yuen, admitted this week that the government’s forecast for the casino gross gaming revenue in 2011 is “very conservative”. Mr Tam was talking at the presentation of the 2011 public budget proposal at the Legislative Assembly.

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ventually, 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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