{"id":4194,"date":"2020-03-06T08:04:48","date_gmt":"2020-03-06T08:04:48","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=4194"},"modified":"2026-04-24T07:16:54","modified_gmt":"2026-04-24T10:16:54","slug":"macau-deficit-gaming-taxes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-deficit-gaming-taxes","title":{"rendered":"Macau could be in the red due to Coronavirus"},"content":{"rendered":"\n<p>Secretary for Economy and Finance predicts a \u20ac4.4 billion loss for the city this year. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The Secretary for Economy and Finance, Lei Wai Nong, has said that that the Macau Treasury could record a deficit exceeding MOP40 billion (\u20ac4.4 billion) in 2020.<\/p>\n\n\n\n<p>In 2019, the local government saw a surplus of MOP51.4 billion (\u20ac5.7 billion), with MOP82.1 billion (\u20ac9.2 billion) in expenses and MOP133 billion (\u20ac14.3 billion) in revenue. <\/p>\n\n\n\n<p>A large percentage of revenues generated came from MOP112.7 billion (\u20ac12.5 billion) gaming taxes collected that year. <\/p>\n\n\n\n<p>But with local gaming revenues severely impacted by the Coronavirus crisis and a significant drop in visitor numbers, a deficit could be recorded this year.<\/p>\n\n\n\n<p><a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-taxes-down-13-in-january\"><em><strong>In January, Macau recorded an 11.3 per cent year-on-year drop in gross gaming results<\/strong><\/em><\/a> to MOP22.1 billion (\u20ac2.4 billion), with the local government collecting MOP8.8 billion (\u20ac986 million) in gaming taxes.<\/p>\n\n\n\n<p><a href=\"https:\/\/focusgn.com\/asia-pacific\/macaus-ggr-gaming-revenue\"><em><strong>February saw a dramatic 87.8 per cent year-on-year<\/strong><\/em><\/a> fall with collected gaming tax revenue for that month expected to be lower still.<\/p>\n\n\n\n<p>When asked if the government was considering any decrease in the percentage of gaming taxes collected, the Secretary answered that any change to the current gaming taxes would have to pass through the usual legislative process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Secretary for Economy and Finance predicts a \u20ac4.4 billion loss for the city this year.<\/p>\n","protected":false},"author":2,"featured_media":4044,"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 Secretary for Economy and Finance projects a MOP40 billion (\u20ac4.4 billion) deficit for 2020, a stark reversal from 2019's MOP51.4 billion surplus, primarily due to the severe impact of the Coronavirus crisis on gaming tax revenues. Gross Gaming Revenue (GGR) and subsequent tax collections experienced significant year-on-year declines in early 2020, with February seeing an 87.8% drop. Any adjustments to the gaming tax framework would necessitate a formal legislative process.","focusai_entities":"Lei Wai Nong, Macau Treasury, Secretary for Economy and Finance","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Fiscal Mitigation Strategies?","query":"Given the projected deficit, what specific fiscal measures or austerity programs is the Macau government considering to mitigate the revenue shortfall beyond potential gaming tax adjustments?"},{"label":"Concession Renewal Impact?","query":"How might the sustained decline in GGR and the projected deficit influence the timeline and scope of future integrated resort concession renewals or new B2C licensing frameworks in Macau?"}],"footnotes":""},"categories":[160,16338,163],"tags":[257],"class_list":["post-4194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4194","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=4194"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4194\/revisions"}],"predecessor-version":[{"id":4223,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4194\/revisions\/4223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/4044"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}