Macau gaming tax revenue drops 74% in 2020

Macau’s government collected MOP29.81bn (US$3.73bn) in tax revenue from the gaming industry in 2020.

Macau.- Taxes on the gaming industry generated MOP29.81bn (US$3.73bn) in revenue for Macau for the full-year 2020, a drop of 73 per cent compared to 2019.

GGR for 2020 came in at MOP60.44bn (US$7.58bn), down 79 per cent.

The city’s casinos were closed for most of the year due to the Covid-19 pandemic.

The last two months of 2020 saw a slight upturn in the amount of tax collected. For now, 2021 remains at the same level as Macau casinos saw gross gaming revenues of MOP$3bn (US$375m) for the first half of February, down 23 per cent compared to January.