tax revenue from the city\u2019s gaming industry in the first three months<\/strong><\/em><\/a> of the year, down 37.6 per cent compared with the same period last year.<\/p>\n\n\n\nMacau authorities estimate casino GGR for the full year to be MOP130billion (US$16.2billion), half the previous forecasts, due to the negative impact of the Covid-19 pandemic.<\/p>\n\n\n\n
The government taxes casino GGR at a rate of 35 per cent, but other levies on casino gaming gross raise the tax rate to 39 per cent. <\/p>\n\n\n\n
Other taxes on the Macau gambling sector include levies on the income of Chinese traditional lotteries, on horse racing and instant lotteries, and tax on commissions earned by operators of gambling junkets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Full year forecast for casino taxes halved due to the negative impact of the Covid-19 outbreak.<\/p>\n","protected":false},"author":2,"featured_media":3709,"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 has significantly revised its full-year 2020 gaming tax revenue forecast, halving it to MOP49.98 billion (US$6.26 billion) due to the severe impact of the Covid-19 pandemic on casino Gross Gaming Revenue (GGR). The revised budget projects full-year casino GGR at MOP130 billion (US$16.2 billion), also half of original estimates, reflecting a substantial downturn in the region's gaming sector.","focusai_entities":"Financial Services Bureau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Recovery Timeline?","query":"What is the projected timeline for Macau's GGR recovery to pre-pandemic levels, and what specific policy interventions or market catalysts are anticipated to drive this rebound?"},{"label":"Operator Financial Impact?","query":"How will the revised GGR forecasts specifically impact the financial covenants, liquidity positions, and capital expenditure plans of major integrated resort operators in Macau?"}],"footnotes":""},"categories":[160,16338,163,158],"tags":[257,2895],"class_list":["post-6348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","category-slider-home","tag-macau","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6348","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=6348"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6348\/revisions"}],"predecessor-version":[{"id":777035253,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6348\/revisions\/777035253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3709"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}