Macau 11-month gaming tax revenue reaches US$3.89bn

Macau’s tax revenue from the gaming industry was up 15.1 per cent year-on-year for January to November.

Macau.- Authorities in Macau have shared a financial report showing that the city collected MOP31.28bn (US$3.89bn) from gaming taxes between January 1 and November 30. The figure is an increase of 15.1 per cent when compared to 2020 but is lower than what authorities had budgeted for, representing just 62.5 per cent of the MOP50.01bn (US$6.22bn) forecast for full-year 2021.

Direct gaming taxes accounted for 66.8 per cent of total government revenue of MOP46.85bn in the first 11 months of 2021. Aggregate casino GGR for the first eleven months of the year totals MOP78.90bn, up 49.9 per cent year-on-year from MOP52.62bn in 2020.

Macau’s gross gaming revenue (GGR) was up 54.6 per cent month-on-month in November, from MOP4.37bn (US$544m) to MOP6.75bn (US$844m). The figure was also up slightly when compared to November 2020.

Preparing next year’s fiscal budget plan, the government of Macau has predicted that GGR for 2022 will be MOP130bn (US$16.2bn), half that seen before the Covid-19 pandemic.