Macau gaming tax down 54% year-on-year in April

Tax revenue was also down 50 per cent month-on-month.
Tax revenue was also down 50 per cent month-on-month.

Tax revenue from gambling activities in Macau was MOP$1.48bn (US$183m) in April.

Macau.- The Financial Services Bureau has reported that tax proceeds from gambling in April was MOP$1.48bn (US$183m), a decrease of 53.9 per cent year-on-year, from MOP$3.21bn (US$397n) in April 2021. Last month’s figure was also 50 per cent lower than the MOP$bn (US$371n) recorded in March 2022. 

For the first four months in 2021, gambling tax revenue was MOP$12.38bn (US$1.53bn). For the same period this year, revenue stands at MOP$10.21bn (US$1.26bn), a decrease of more than 17 per cent.

See also: Credit Suisse warns China visa crackdown risks 20% of Macau GGR

Macau GGR for April

The Gaming Inspection and Coordination Bureau‘s figures show that GGR for the month of April was down 71.1 per cent month-on-month from MOP3.67bn (US$454.5m) to MOP2.68bn (US$331m). That’s the lowest level since September 2020, when the tally was MOP2.2bn, and represents a drop of 68.1 per cent when compared to April 2021‘s revenue of MOP8.40bn.

According to the DICJ, the decline was mainly due to the rise in Covid-19 cases in mainland China, which affected the arrival of tourists in the city. Macau’s GGR for the first four months of 2022 combined stands at MOP20.45bn (US$2.55bn), down 36.2 per cent year-on-year.

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