According to Macau’s secretary for economy and finance, casino operators have not yet sought the exemption.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0Lei Wai Nong<\/strong>, Macau’s secretary for economy and finance, has revealed no casino operator has yet asked for the\u00a0exemption on a 5 per cent levy<\/a>\u00a0on gross gaming revenue from their gaming areas for foreign customers<\/strong>. All casino concessionaires have set up special areas after Macau introduced the incentive.<\/p>\n\n\n\n The measure had been announced by the government to encourage operators to attract customers from jurisdictions other than mainland China, Hong Kong or Taiwan. Lei stressed that if the gaming concessionaires apply for the exemption, the government will examine the revenue generated and will not grant exemptions without proper verification. <\/p>\n\n\n\n He highlighted the government’s commitment to encouraging concessionaires to offer high-quality services and to enhance the international competitiveness of the industry. However, despite efforts to\u00a0attract overseas tourists,<\/a>\u00a0numbers remain small. Mainland China accounted for nearly 65.4 per cent of all visitor arrivals\u00a0in the first quarter of 2023<\/a>\u00a0with 3.24 million tourists. In April, 1.39 million of Macau’s 2.29 million visitors were from China. <\/p>\n","protected":false},"excerpt":{"rendered":" According to Macau’s secretary for economy and finance, casino operators have not yet sought the exemption.<\/p>\n","protected":false},"author":176,"featured_media":25147,"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, Lei Wai Nong, has disclosed that no casino operator has yet applied for the 5% gross gaming revenue (GGR) levy exemption for gaming areas dedicated to foreign customers. This incentive, designed to diversify Macau's tourism beyond Greater China, has seen concessionaires establish special zones, but the lack of uptake underscores persistent challenges in attracting international visitors.","focusai_entities":"Lei Wai Nong","focusai_location":"Macau, China, Hong Kong, Taiwan","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.9), operator_casino (0.97), marketing_crm (0.75), investor_analyst (0.93), journalist_researcher (0.96)","focusai_suggestions":[{"label":"Barriers to Foreign Attraction?","query":"What are the primary operational and market-specific barriers preventing Macau casino operators from effectively attracting foreign customers and leveraging the GGR tax exemption?"},{"label":"Govt Strategy Adjustment?","query":"How will the Macau government recalibrate its tourism diversification strategy and incentive programs in light of the low uptake of the foreign customer GGR exemption?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-777006132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006132","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=777006132"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006132\/revisions"}],"predecessor-version":[{"id":777006147,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006132\/revisions\/777006147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25147"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}