Macau<\/a><\/em><\/strong>, the Macao Government Tourism Office has settled on a price it believes should be levied. According to GGRAsia, the tax will be between MOP 100 (U$12.50) and MOP 200 (U$25.00) per head.<\/p>\n\n\n\nHoi Io Meng, the Deputy Director of the MGTO, said the price range decided was based on a survey of local residents, conducted between May 20 and June 20, 2019.<\/p>\n\n\n\n
The results of the survey were released in early July and revealed that local citizens thought a reasonable price for a tourist tax would be MOP100. <\/p>\n\n\n\n
The final decision will be taken by the government, which is currently assessing the results of the survey. Some operators that will be affected by the tourist tax have shared their thoughts on how the money raised should be spent. MGM China Holding’s Grant Bowie suggested proceeds could be used to help pay for more tourism campaigns, helping drive industry growth.<\/p>\n\n\n\n
Analysts have predicted a slow start for the gambling industry in Macau, but it seems it won\u2019t be a full year of doom and gloom. According to brokerage Sanford C Bernstein, the Macau casino sector will enjoy some growth in 2020.
<\/p>\n","protected":false},"excerpt":{"rendered":"
The tax rate should be set at between MOP 100 (US$12.50) and MOP 200 (US$25) per head, according to MGTO.<\/p>\n","protected":false},"author":2,"featured_media":1963,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Macao Government Tourism Office (MGTO) has proposed a tourist tax ranging from MOP 100 to MOP 200 per head, based on a local resident survey. This initiative, currently under government review, has prompted suggestions from operators like MGM China Holdings on utilizing the proceeds for tourism campaigns to foster industry growth. Analysts from Sanford C Bernstein anticipate a growth trajectory for Macau's casino sector in 2020, despite initial slow predictions.","focusai_entities":"Macao Government Tourism Office, MGTO, Hoi Io Meng, MGM China Holdings, Grant Bowie, Sanford C Bernstein","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), operator_casino (0.9), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Tax Revenue Allocation?","query":"What specific governance frameworks will be established to ensure transparency and accountability in the allocation of the proposed tourist tax proceeds, particularly concerning industry-suggested tourism campaigns?"},{"label":"Impact on GGR Forecasts?","query":"How might the implementation of a MOP 100-200 tourist tax per head influence Macau's Gross Gaming Revenue (GGR) forecasts for 2020 and beyond, considering potential elasticity of demand among various visitor segments?"}],"footnotes":""},"categories":[160,16338,156,158],"tags":[29,257,2895],"class_list":["post-2158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-regulation-news","category-slider-home","tag-casino","tag-macau","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2158","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=2158"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2158\/revisions"}],"predecessor-version":[{"id":2212,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/2158\/revisions\/2212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/1963"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=2158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=2158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=2158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}