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Reports

Macau government collects US$195 million in gaming taxes in January

Wednesday 08 de March 2023 / 12:00

2 minutos de lectura

(Macau).- The Macau SAR Government collected gaming tax revenue of MOP$1.58 billion (US$195 million) in January, representing a 51.5% decline on the same month in 2022. It was, however, 28.5% higher than December’s tax take of MOP$1.23 billion (US$153 million), according to figures from the Financial Services Bureau (DSF).

Macau government collects US$195 million in gaming taxes in January

Macau’s January gaming tax correlates to the December GGR figure of MOP$3.48 billion (US$435 million), which was 56.3% lower than December 2021. 

Gaming revenues in Macau did not start to pick up again until 8 January 2023, when most remaining COVID-19 border restrictions were dropped.

In announcing January’s tax figures, the DSF also revealed it has budgeted tax revenues of MOP$50.9 billion (US$6.3 billion) in 2023, slightly higher than the government’s 2022 tax budget of MOP$49.8 billion. As reported by Inside Asian Gamingactual gaming tax take in 2022 reached only of MOP$19.1 billion (US$2.37 billion), down 43.7% on the MOP$33.9 billion (US$4.20 billion) collected in 2021.

Macau’s gaming taxes included a 35% “special gaming tax” paid directly to the Macau government plus another 5% in other charges, comprising a 2% levy which funds the Macao Foundation’s cultural, social, economic, educational, scientific, academic and philanthropic activities, and a 3% contribution to the urban construction, tourism and social security fund.

By Ben Blaschke

Categoría:Reports

Tags: Sin tags

País: China

Región: Asia

Event

SBC SUMMIT RIO 2024

05 de March 2024

Andre Gelfi explains the new regulation in the Brazilian gaming and betting market

(Rio de Janeiro, SoloAzar Exclusive).- The Managing Partner of Betsson group in Brazil, Andre Gelfi, was another key figure present at the inaugural SBC Summit Rio. In this exclusive interview with SoloAzar, he shared insights about the gaming and betting market in Brazil. Gelfi emphasized the hot topic of Brazilian regulations for the iGaming industry. In fact, he expressed his anticipation that the regulation, expected to be approved this year, will create a new landscape in the Brazilian market

Wednesday 27 Mar 2024 / 12:00

Influencers: "Between Effectiveness and Responsibility in the Gaming Industry".

(Rio de Janeiro, SoloAzar Exclusive) - As part of the Conference "Influencers: The Next Frontier of Social Media Marketing", as part of the Conference Agenda held on 6 and 7 March at the SBC Summit Rio 2024, leading industry personalities gathered in a panel to discuss the impact of the power of celebrities and influencers in generating engagement, as well as the proposed law that seeks to restrict their promotion of gambling.

Wednesday 27 Mar 2024 / 12:00

Pay4Fun: “We have ambitious expansion plans in the Brazilian market”

(Rio de Janeiro, SoloAzar Exclusive).- Leonardo Baptista, CEO and co-founder of Pay4Fun, is a key figure in the world of iGaming. His company, Pay4Fun, is a leading Brazilian online payment provider specializing in the iGaming market. During the first edition of the SBC Summit Rio, Baptista spoke exclusively with Soloazar, sharing insights about the new services that Pay4Fun will introduce to the market. He also discussed his vision for the future of iGaming in Brazil and Latin America. Another unmissable note by SoloAzar.

Wednesday 27 Mar 2024 / 12:00

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