{"id":33665,"date":"2022-09-21T06:28:26","date_gmt":"2022-09-21T09:28:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=33665"},"modified":"2026-04-23T04:43:31","modified_gmt":"2026-04-23T07:43:31","slug":"macau-gaming-tax-revenue-down-44-2-for-first-eight-months","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-tax-revenue-down-44-2-for-first-eight-months","title":{"rendered":"Macau gaming tax revenue down 44.2% for first eight months"},"content":{"rendered":"\n

The government has collected just under MOP14.51bn in direct taxes on gaming.<\/p>\n\n\n\n\n\n\n\n

Macau.- The\u00a0Financial Services Bureau<\/strong>\u00a0has reported that Macau collected MOP244.4m <\/strong>(US$30.2m) in fiscal revenue from direct taxes on gaming in August.\u00a0That takes the total for the first eight months of 2022 to just under MOP14.51bn, down 44.2 per cent year-on-year. <\/p>\n\n\n\n

Authorities have revised their forecast for gaming taxes for the full year from just under MOP49.76bn to MOP34.37bn. To date, the city has reached just 41.3 per cent of the revised figure. August’s gaming tax figure was expected to be low since\u00a0July’s casino gross gaming revenue (GGR)<\/a>\u00a0was the lowest since records began 2003.<\/p>\n\n\n\n

Macau casino floors were closed for two weeks in July and reopened with limited staffing on July 25, due to a Covid-19 outbreak.\u00a0June\u2019s GGR<\/a>\u00a0had already been hurt by the outbreak of Covid-19 cases, which began on June 18.\u00a0<\/p>\n\n\n\n

Macau taxes casino GGR at 39 per cent: 35 per cent in direct government taxes and the remainder from community levies.\u00a0<\/p>\n\n\n\n

Macau GGR could be down 80 per cent from pre-pandemic levels in September<\/h2>\n\n\n\n

Analysts at\u00a0Sanford C. Bernstein Ltd<\/strong>\u00a0have predicted that further travel restrictions in China could cause Macau\u2019s GGR to come in at 80 per cent<\/strong>\u00a0under pre-pandemic levels in September. Daily GGR between September 13 to 18 was MOP75m, down 20 per cent\u00a0when compared to the previous week<\/a>, when the city recorded an average daily rate of MOP94m.<\/p>\n\n\n\n

According to analysts, the near-term GGR recovery will be difficult as the Chinese government continues to impose strict travel policies on long-distance travel due to ongoing outbreaks of Covid-19. Bernstein noted that while daily cases have declined overall, Guizhou has seen a recent uptick and other regions continue to have small outbreaks of Covid-19.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government has collected just under MOP14.51bn in direct taxes on gaming.<\/p>\n","protected":false},"author":176,"featured_media":17023,"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 direct gaming tax revenue for the first eight months of 2022 reached MOP14.51bn, a 44.2% year-on-year decline, with August contributing MOP244.4m. Authorities have significantly revised down the full-year gaming tax forecast to MOP34.37bn, of which only 41.3% has been met. This downturn is attributed to severe Covid-19 outbreaks, casino closures, and China's stringent travel restrictions, leading analysts to predict September GGR could be 80% below pre-pandemic levels.","focusai_entities":"Financial Services Bureau, Sanford C. Bernstein Ltd","focusai_location":"Macau, China, Guizhou","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Recovery Outlook","query":"What specific policy shifts or epidemiological improvements are required for Macau's GGR to materially recover towards pre-pandemic levels, and what is the projected timeline for such a recovery given current travel restrictions?"},{"label":"Fiscal Impact Analysis","query":"How will the significant shortfall in gaming tax revenue impact Macau's public finances and its capacity to fund essential services, and are there contingency plans or alternative revenue streams being considered by the government?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-33665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33665","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=33665"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33665\/revisions"}],"predecessor-version":[{"id":33695,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/33665\/revisions\/33695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17023"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=33665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=33665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=33665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}