Macau’s gaming tax revenue reached MOP45.77bn.<\/p>\n\n\n\n\n\n\n\n
Macau.- The\u00a0Financial Services Bureau<\/strong>\u00a0has reported that Macau collected MOP45.77bn (US$5.68bn) in taxes from casino operations in the first nine months of the year. The figure was up 202.7 per cent when compared to the same period last year.\u00a0<\/p>\n\n\n\n In September 2023, the government recorded revenue of approximately MOP6.65bn from gaming taxes, a month-on-month increase of nearly 3.3 per cent. The rise follows the implementation of Macau\u2019s new 10-year gaming concessions on January 1 with an effective tax rate on casino GGR of 40 per cent.<\/p>\n\n\n\n Cumulatively,\u00a0Macau\u2019s GGR for the first nine months of 2023<\/a>\u00a0was MOP128.95bn, up 305.3 per cent compared to the same period in 2022. The government\u00a0forecasts gross gaming revenue<\/a>\u00a0of\u00a0MOP130bn (US$16bn)\u00a0<\/strong>for 2023, generating taxes of MOP50.85bn this year. The figures for the initial nine months represent 90.0 per cent of that target.<\/p>\n","protected":false},"excerpt":{"rendered":" Macau’s gaming tax revenue reached MOP45.77bn.<\/p>\n","protected":false},"author":176,"featured_media":32940,"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 gaming tax revenue reached MOP45.77bn (US$5.68bn) in the first nine months of 2023, marking a 202.7% year-on-year increase, driven by the implementation of new 10-year gaming concessions and an effective 40% GGR tax rate. Cumulative Gross Gaming Revenue (GGR) for the period stood at MOP128.95bn, up 305.3% YoY, positioning the region to meet its MOP130bn annual GGR forecast.","focusai_entities":"Financial Services Bureau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.75), operator_casino (0.95), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Forecast Attainment","query":"What specific factors are driving Macau's GGR recovery to exceed initial projections, and what is the projected full-year GGR variance against the MOP130bn target?"},{"label":"Concession Impact Analysis","query":"How are the new 10-year gaming concessions and the 40% effective GGR tax rate impacting the net profit margins and capital expenditure strategies of the concessionaires?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23906],"class_list":["post-777010162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010162","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=777010162"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010162\/revisions"}],"predecessor-version":[{"id":777041139,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010162\/revisions\/777041139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/32940"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}