{"id":7117,"date":"2020-06-08T21:26:53","date_gmt":"2020-06-08T21:26:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=7117"},"modified":"2026-04-24T04:37:43","modified_gmt":"2026-04-24T07:37:43","slug":"macau-gambling-tax-revenue","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gambling-tax-revenue","title":{"rendered":"Macau gambling tax revenue plunges in May"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Revenue fell by 65% in May and totalled MOP 21.0 billion (US$2.6 billion) during the first five months this year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">China.- The <strong><em>Financial Service Bureau of Macau<\/em><\/strong> has confirmed that due to the Covid-19 lockdown gambling tax revenues fell by 65.5 per cent in May compared with the same month last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Revenue totalled around MOP 21.0 billion (US$2.6 billion) during the first five months this year, which was only 42.09 per cent of the revenue forecast for the period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tax revenue from gambling accounted for 83.39 per cent of current revenue in the first five months this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Macau\u2019s gross domestic product <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-gross-domestic-product\" target=\"_blank\" rel=\"noreferrer noopener\">(GDP) decreased by 48.7 per cent<\/a><\/em><\/strong> year-on-year in the first quarter of 2020, as the gambling, hospitality and travel industries were severely impacted by restrictions to operate during the COVID-19 pandemic. &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government now forecasts that it will collect around MOP49.98 billion in gambling tax in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Revenue fell by 65% in May and totalled MOP 21.0 billion (US$2.6 billion) during the first five months this year.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 gambling tax revenue experienced a 65.5% year-on-year decline in May, contributing to a MOP 21.0 billion total for the first five months, significantly underperforming against fiscal forecasts. This contraction, primarily driven by COVID-19 operational restrictions, precipitated a 48.7% decrease in Macau's Q1 2020 GDP, necessitating a downward revision of the government's annual gambling tax revenue projection.","focusai_entities":"Financial Service Bureau of Macau","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Outlook","query":"What specific government stimulus measures or policy adjustments are anticipated to accelerate the recovery of Macau's gaming and hospitality sectors, and what is the projected timeline for GGR normalization and visitation rebound?"},{"label":"Concessionaire Financial Health","query":"How will the sustained decline in gambling tax revenue and GGR impact the liquidity, debt covenants, and capital expenditure strategies of major concessionaires operating in Macau, particularly concerning their non-gaming diversification efforts?"}],"footnotes":""},"categories":[16338,163],"tags":[257,2054,1206],"class_list":["post-7117","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-macau","tag-revenue","tag-tax"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7117","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=7117"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7117\/revisions"}],"predecessor-version":[{"id":777008726,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7117\/revisions\/777008726"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}