Legislator Chan Chak Mo has said casino operators could ease their tax burden if they can attract customers from jurisdictions other than mainland China.<\/p>\n\n\n\n\n\n\n\n
Macau.- Sharing more details on proposed amendments to the city\u2019s gaming law amendment bill,\u00a0Legislator Chan Chak Mo<\/strong>\u00a0has said that Macau is willing to consider reducing the gross effective tax rate on casino gross gaming revenue (GGR) by as much as 5 percentage points if casinos can attract players from outside China.<\/p>\n\n\n\n Macau’s GGR tax is 35 per cent of gross income, but there are additional taxes of up to 5 per cent on gross income for social and other purposes. If this proposal advances, casinos could be exempt from paying that extra 5 per cent. However, there was no explanation of how the plan would work in practice.<\/p>\n\n\n\n According to local media reports, Chan stated: “Macau\u2019s positioning is to be a world centre of tourism and leisure\u2026 Now it is time to expand into other, foreign markets.”<\/p>\n\n\n\n The amendments to the gambling law<\/a>\u00a0are due to be voted on in June ahead of a new public tender for gaming rights in Macau. The proposed legislation sets out a gaming concession period of up to 10 years that can be extended for a further three years in exceptional circumstances. There would remain up to six concessions but the\u00a0current sub-concession system<\/a>\u00a0would end.<\/p>\n","protected":false},"excerpt":{"rendered":" Legislator Chan Chak Mo has said casino operators could ease their tax burden if they can attract customers from jurisdictions other than mainland China.<\/p>\n","protected":false},"author":176,"featured_media":26451,"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 is proposing amendments to its gaming law that could reduce the effective GGR tax rate by up to 5 percentage points for casino operators successfully attracting customers from outside mainland China. This legislative initiative, set for a June vote ahead of new gaming concession tenders, aims to diversify Macau's tourism and leisure market while restructuring the concession framework to eliminate sub-concessions.","focusai_entities":"Chan Chak Mo","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.95), compliance_legal (0.9), operator_casino (1.0), marketing_crm (0.85), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Tax Relief Mechanics","query":"What specific, measurable criteria will Macau implement to verify an operator's success in attracting non-mainland China GGR, and how will the 5% tax exemption be practically applied and audited?"},{"label":"Concession Strategy Impact","query":"How will the proposed elimination of the sub-concession system and the new 10-year concession period influence the competitive landscape and M&A strategies among current and prospective Macau gaming operators?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23911,23906],"class_list":["post-29877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-gambling-regulation","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29877","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=29877"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29877\/revisions"}],"predecessor-version":[{"id":29885,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29877\/revisions\/29885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26451"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}