No tax relief for the city’s gaming operators who are suffering low visitor numbers and plunging revenues because of Coronavirus. <\/p>\n\n\n\n\n\n\n\n
Macau.- The Macau government has confirmed that it is not considering giving casinos tax breaks despite the sector being hit hard by the ongoing Coronavirus crisis. <\/p>\n\n\n\n
According to GGRAsia, Mr Lei said he has not received any request from the city\u2019s casino operators regarding gaming tax breaks amid the current coronavirus alert. <\/p>\n\n\n\n
In contrast, executives of Ambrose, SJM Holdings Ltd and Galaxy Entertainment Group Ltd said to the media that they were expecting some help from local authorities.<\/p>\n\n\n\n
\u201cFor the government, I think if they can be sympathetic to the gaming industry \u2013 to the contribution that we have made for the community and the society \u2013 that will be good,\u201d Francis Lui Yiu Tung, Vice-Chairman of Galaxy Entertainment Group Ltd, said in late February.
<\/p>\n","protected":false},"excerpt":{"rendered":"
No tax relief for the city’s gaming operators who are suffering low visitor numbers and plunging revenues because of Coronavirus.<\/p>\n","protected":false},"author":2,"featured_media":2147,"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 Macau government has confirmed it will not provide tax relief to the city's gaming operators, despite the sector experiencing significant revenue declines and low visitor numbers due to the Coronavirus crisis. This decision comes despite public appeals from major casino executives, including those from SJM Holdings and Galaxy Entertainment Group, for government assistance.","focusai_entities":"Macau government, GGRAsia, Ambrose, SJM Holdings Ltd, Galaxy Entertainment Group Ltd, Francis Lui Yiu Tung","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Operator Financial Impact","query":"What is the projected impact on the EBITDA and liquidity of Macau's concessionaires given the sustained low GGR and the government's refusal of gaming tax relief?"},{"label":"Government Fiscal Strategy","query":"What alternative non-fiscal support mechanisms, if any, is the Macau government considering to mitigate the economic impact on the gaming sector and its workforce, beyond direct tax breaks?"}],"footnotes":""},"categories":[160,28,16338,158],"tags":[96,29,7299,257,2895],"class_list":["post-4180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-slider-home","tag-asia","tag-casino","tag-coronavirus","tag-macau","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4180","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=4180"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4180\/revisions"}],"predecessor-version":[{"id":4185,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4180\/revisions\/4185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/2147"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}