Macau’s casino gaming industry brought in 51.62 billion patacas (US$6.43 billion) in tax revenue for the government in the first seven months of this year, according to the Macau Gaming Authority. Latest provisional data Issued by the Finance Bureau.
This is 15.2% higher than the gaming tax collected in the same period of 2023 and slightly lower than the 62% of the total gaming tax revenue (83.61 billion patacas) forecast by the government for 2024.
July’s revenue means that 83.9 percent of Macau’s total revenue in the first seven months of this year came from the gaming industry.
[See more: The Internet asked, ‘Why is Macao so rich?’ and we answered]
Gross Gaming Revenue (GGR) July It reached MOP18.6 billion, and the annual total amounted to MOP132.3 billion.
Meanwhile, fiscal revenues were 6.83 billion patacas last month, down from the monthly average of 7.37 billion patacas in the January-July period. However, due to delays in tax registration, Macau’s tax and gaming revenue data are not consistent on a monthly basis, and July’s gaming tax data may be consistent with June’s. Weak performance.
In 2023, the Macau government received US$65.26 billion in fiscal revenue from the gaming industry, a 28.3% surplus over the budget. The actual tax rate on the gross gaming revenue of the Macau SAR is 40%.
[ad_2]
Source link
