{"id":22466,"date":"2021-09-09T10:55:39","date_gmt":"2021-09-09T13:55:39","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22466"},"modified":"2026-04-23T15:50:59","modified_gmt":"2026-04-23T18:50:59","slug":"macau-gaming-tax-revenue-reaches-us2-7bn-as-of-july","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-tax-revenue-reaches-us2-7bn-as-of-july","title":{"rendered":"Macau gaming tax revenue reaches US$2.7bn as of July"},"content":{"rendered":"\n<p>Macau\u2019s government collected MOP22.2bn (US$2.7bn) in tax revenue from the gaming industry in the first seven months of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Taxes on the gaming industry\u00a0generated\u00a0MOP22.2bn (US$2.7bn)<strong>\u00a0<\/strong>in revenue for Macau\u00a0<strong>during the first seven months of the year<\/strong>, 44 per cent of the MOP50bn figure the government had estimated for the full year.<\/p>\n\n\n\n<p>According to its budget plan,\u00a0<strong>Macau\u2019s government hopes to collect MOP50.01bn in taxes for the year 2021<\/strong>. However, gaming tax revenue for the first half was down 9.8 per cent when compared to the same period last year.<\/p>\n\n\n\n<p><strong>Lei Wai Nong<\/strong>, secretary for economy and finance, said last month that regardless of the poor gaming results in the first half of the year, the SAR would still finish 2021 with the previously projected tally.\u00a0<\/p>\n\n\n\n<p>According to authorities, 2021 could end with some MOP130m in GGR although aggregate\u00a0<strong>casino GGR for the first eight months of the year<\/strong>\u00a0totals MOP$61.91bn.<\/p>\n\n\n\n<p><strong>The government collected nearly MOP3bn in gaming taxes<\/strong> in August, a month marked by\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-on-alert-after-a-community-outbreak-of-covid-19\">local cases of Covid-19<\/a>\u00a0and hundreds of cancelled flights.<\/p>\n\n\n\n<p><strong>Fitch Ratings Inc<\/strong>\u00a0has predicted that\u00a0<strong>Macau\u2019s GGR will be 65 per cent below\u00a0<\/strong>that of 2019, when the city registered MOP292.4bn (US$36.5bn) in GGR. According to analysts,\u00a0<strong>Macau will reach MOP102.4bn<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Macau\u2019s government collected MOP22.2bn (US$2.7bn) in tax revenue from the gaming industry in the first seven months of the year.<\/p>\n","protected":false},"author":176,"featured_media":21513,"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 government collected MOP22.2bn (US$2.7bn) in gaming tax revenue during the first seven months of 2021, achieving 44% of its MOP50bn full-year target. Despite a 9.8% year-over-year decline in H1 gaming tax revenue and revised GGR projections by analysts like Fitch Ratings, the Secretary for Economy and Finance maintains the SAR will meet its overall budget. August tax collection was notably impacted by local COVID-19 cases and travel restrictions.","focusai_entities":"Lei Wai Nong, Fitch Ratings Inc","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"GGR Forecast Revision","query":"What specific factors led Fitch Ratings and other analysts to revise Macau's 2021 GGR forecast significantly downwards from the government's implied MOP130bn?"},{"label":"Fiscal Impact Analysis","query":"How will the projected shortfall in gaming tax revenue impact Macau's broader fiscal budget and public spending priorities, given the government's stated confidence in meeting its overall tally?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23907,23906],"class_list":["post-22466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22466","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22466"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22466\/revisions"}],"predecessor-version":[{"id":22481,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22466\/revisions\/22481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21513"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}