Macau’s government collected MOP3.27bn (US$408m) in tax revenue from the gaming industry in August.
Macau.- Taxes on the gaming industry generated MOP3.27bn (US$408m) in revenue for Macau in August, up 27.7 per cent from MOP2.56bn in July and up 433.2 per cent year-on-year.
For the first eight months of this year, Macau collected MOP25.47bn in gaming tax revenue, up 11.7 per cent when compared to 2020. It’s now reached 50.9 per cent of the MOP50bn figure the government had estimated for the full year.
Lei Wai Nong, secretary for economy and finance, recently said that Macau is revising GGR forecasts for the year for a revised budget, which will be submitted to the Legislative Assembly.
However, he said authorities were confident the city would see a rebound in the following months, especially during October’s Golden Week. The Macau Government Tourism Office (MGTO) has predicted the city could receive 30,000 visitors per day during the October Golden Week.
According to authorities, 2021 could end with some MOP130m in GGR although aggregate casino GGR for the first eight months of the year totals MOP61.91bn.