{"id":39037,"date":"2019-08-19T06:39:59","date_gmt":"2019-08-19T06:39:59","guid":{"rendered":"https:\/\/gaming-awards.com\/NEWS\/?p=39037"},"modified":"2019-08-16T10:40:17","modified_gmt":"2019-08-16T10:40:17","slug":"macau-gaming-tax-revenue-tops-us8-3billion","status":"publish","type":"post","link":"https:\/\/gaming-awards.com\/NEWS\/macau-gaming-tax-revenue-tops-us8-3billion\/","title":{"rendered":"Macau gaming tax revenue tops US$8.3billion"},"content":{"rendered":"<p style=\"text-align: left;\"><span style=\"margin: 0px; color: black; font-family: 'Calibri Light',sans-serif;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-28880\" src=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2016\/03\/Tax-300x195.jpg\" alt=\"\" width=\"300\" height=\"195\" srcset=\"https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2016\/03\/Tax-300x195.jpg 300w, https:\/\/gaming-awards.com\/NEWS\/wp-content\/uploads\/2016\/03\/Tax.jpg 858w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The Macau government has confirmed that it has now collected MOP67.21billion (US$8.32 billion) in the tax revenue from the city\u2019s gaming industry in the first seven months of 2019. The tax from the gaming sector is up nearly 2.3percent so far this year.<\/span><span style=\"margin: 0px; color: black; font-family: 'Calibri Light',sans-serif;\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"margin: 0px; color: black; font-family: 'Calibri Light',sans-serif;\">The Financial Services Bureau releases the data annually to indicate the general health of the city\u2019s income. The figures, which were published on Thursday, show the sum collected so far this year is 68.4 percent of the amount of tax revenue from the gaming industry the government has budgeted for the whole year. The government forecasts it will collect about MOP98.23 billion this year from the gaming sector.<\/span><span style=\"margin: 0px; color: black; font-family: 'Calibri Light',sans-serif;\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"margin: 0px; color: black; font-family: 'Calibri Light',sans-serif;\">The latest reports indicate that revenue collected from gaming this year accounted for 89.8 percent of the MOP74.81 billion the government collected from all sources.<\/span><span style=\"margin: 0px; color: black; font-family: 'Calibri Light',sans-serif;\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"margin: 0px; color: black; font-family: 'Calibri Light',sans-serif;\">At the moment, the government\u2019s current revenue from all sources amounts to 65.1 percent of the amount budgeted for over the course of the whole year.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"margin: 0px; color: black; font-family: 'Calibri Light',sans-serif;\">In effect, the government taxes the gross gaming revenue of Macau casinos at a rate of 35 percent, but other levies on casino gaming raise the tax rate to 39 percent. Taxes on the Macau gaming industry also include levies on the income of Chinese traditional lotteries, horseracing, instant lotteries and tax on commissions earned by operators of gambling junkets.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"margin: 0px; color: black; font-family: 'Calibri Light',sans-serif;\">In calculating its budget, the government tends to air on the side of caution and is always careful about estimating the amount that it takes from gaming. The government has budgeted for a fiscal surplus of more than MOP18.06 billion for the whole of 2019. At the end of July, its surplus was MOP35.60 billion, official figures indicate.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Macau government has confirmed that it has now collected MOP67.21billion (US$8.32 billion) in the tax revenue from the city\u2019s gaming industry in the first seven months of 2019. The tax from the gaming sector is up nearly 2.3percent so far this year.\u00a0 The Financial Services Bureau releases the data annually to indicate the general [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":24750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,11,8,7],"tags":[],"class_list":["post-39037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-headlines","category-latest","category-macau"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Macau gaming tax revenue tops US$8.3billion - iGaming Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gaming-awards.com\/NEWS\/macau-gaming-tax-revenue-tops-us8-3billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macau gaming tax revenue tops US$8.3billion - iGaming Post\" \/>\n<meta property=\"og:description\" content=\"The Macau government has confirmed that it has now collected MOP67.21billion (US$8.32 billion) in the tax revenue from the city\u2019s gaming industry in the first seven months of 2019. 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