Tuesday, September 27, 2022

Gaming taxes down 37.6% in 20Q1

The Macau government has collected approximately MOP18.4 billion (US$2.3 million) from the city’s gaming industry in the first quarter of 2020, falling from its 2019 figure. 

According to the latest data from the Financial Services Bureau, the 20Q1 tax rake is down 37.6 percent year-on-year from MOP 29.6 billion in 19Q1. 

The government is expecting gaming tax revenue to reach MOP98.2 billion for the full year 2020. The actual figure so far represents 18.8 percent of the total year budget. 

In comparison, last year, gaming taxes in the first three months of 2019 had already provided more than 30 percent of the forecasted budget. 

Macau’s gross gambling revenue tumbled 80 percent in March, coming down to MOP5.3 billion ($664 million), according to figures from the Gaming Inspection and Coordination Bureau (DICJ). 

In February, GGR in Macau plunged 87 percent after the government shut the casinos for 15 days in order to combat the spread of the coronavirus. Although the properties are open, strict travel restrictions in both Macau and the Mainland have meant visitation is minimal.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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