Macau gaming tax revenue drops 63.6% in January

Macau’s government collected MOP$3.21bn (US$402m) in tax revenue from the gaming industry in January.

Macau.- Taxes on the gaming industry generated MOP$3.21bn (US$402m) in revenue for Macau in January, a drop of 63.6 per cent year-on-year.

GGR for January came in at MOP8.02bn (US$1bn), down 63.7 per cent compared with January 2020.

The Financial Services Bureau reported that only 6.2 per cent of the government’s 2021 budget came from gaming revenue.

The city’s casinos were affected by an increase in the number of Covid-19 cases in mainland China at the start of the year and advice against travel.

Total revenue in January came to MOP$4.34bn (US$543m), comprising 74.3 per cent of all government revenues in the first month of the year.

Macau gross gaming revenues in February

Macau’s GGR declined to MOP$7.31bn (US$914.5m) in February, compared to MOP8.02bn (US$1.0bn) in January.

Visitor numbers for Chinese New Year were down by 76 per cent year-on-year after the Chinese government recommended against travel.

Macau’s combined GGR for the first two months of 2021 stands at MOP$15.34bn (US$1.92bn), down 39.2 per cent year-on-year.