slight recovery in October<\/a><\/em><\/strong>.<\/p>\n\n\n\nThe tax for casinos in Macau is equal to 39 per cent of gaming revenue, and also includes a 35 per cent direct tax and other types of levies for social and welfare purposes.\u202f<\/p>\n\n\n\n
Authorities have proposed an injection of MOP20 billion (US$2.5 billion) from local financial reserves to balance the budget.<\/p>\n\n\n\n
The Legislative Assembly recently approved the 2021 government budget, in which authorities estimated the gaming sector will generate MOP130bn (US$16.2bn) in gross gaming revenues next year.<\/p>\n\n\n\n
If so, about MOP45.5m (US$5.5bn) will be collected in gaming taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"
In the first ten months of 2020, authorities collected US$3bn.<\/p>\n","protected":false},"author":2,"featured_media":11713,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's gaming tax collection for the first ten months of 2020 plummeted by 74% year-on-year to US$3bn, significantly below expectations, driven by an 81.4% decline in Gross Gaming Revenue (GGR) to US$5.73bn. The government is injecting US$2.5bn from local financial reserves to balance the budget. For 2021, authorities project GGR to rebound to US$16.2bn, aiming for US$5.5bn in gaming tax revenue.","focusai_entities":"Financial Services Bureau (DSF), Legislative Assembly","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Timeline","query":"What is the projected timeline for Macau's GGR recovery to pre-pandemic levels, considering the 2021 estimates and ongoing travel restrictions impacting visitation?"},{"label":"Fiscal Stability Impact","query":"How will the MOP20 billion injection from financial reserves impact Macau's long-term fiscal stability and potential for future public sector investments, given the reliance on gaming tax revenue?"}],"footnotes":""},"categories":[157,16338,158],"tags":[21853,257,2895],"class_list":["post-11711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-gaming-revenues","tag-macau","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11711"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11711\/revisions"}],"predecessor-version":[{"id":20981,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11711\/revisions\/20981"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11713"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}