{"id":777014935,"date":"2024-04-23T09:13:31","date_gmt":"2024-04-23T12:13:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777014935"},"modified":"2026-04-22T10:55:45","modified_gmt":"2026-04-22T13:55:45","slug":"macau-gaming-tax-revenue-up-116-8-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-tax-revenue-up-116-8-in-q1","title":{"rendered":"Macau gaming tax revenue up 116.8% in Q1"},"content":{"rendered":"\n<p>The government collected MOP22.92bn in the first three months of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- The\u00a0<strong>Financial Services Bureau<\/strong>\u00a0has reported that Macau collected MOP22.92bn ($2.84bn) in taxes from casino operations in the first quarter of the year. The figure was up 116.8 per cent when compared to the same period last year.\u00a0In March, the Macau government collected MOP7.12bn ($882.71m), up 77.26 per cent.<\/p>\n\n\n\n<p>Cumulatively, Macau\u2019s gross gaming revenue (GGR) for the first three months of 2024 was MOP$57.3bn (US$7.11bn), up 65.5 per cent year-on-year and implying a full-year run rate of around MOP$229.2bn (US$28.4bn).&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-53-1-in-march\" rel=\"noreferrer noopener\">Macau\u2019s GGR for March<\/a>&nbsp;was&nbsp;<strong>MOP19.50bn (US$2.42bn)<\/strong>, an increase of 5.5 per cent&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-ggr-up-79-1-in-february\" rel=\"noreferrer noopener\">month-on-month<\/a>&nbsp;and 53.1 per cent when compared to March 2023.<\/p>\n\n\n\n<p>First quarter gambling tax amounted to 83.52 per cent of the government&#8217;s total revenue for the period. During the first quarter, the city received nearly\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-received-nearly-9m-visitors-in-q1\" target=\"_blank\" rel=\"noreferrer noopener\">9 million visitors<\/a>, up by 80 per cent compared to the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government collected MOP22.92bn in the first three months of the year.<\/p>\n","protected":false},"author":176,"featured_media":777009898,"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 casino operations generated MOP22.92bn ($2.84bn) in taxes during Q1 2024, marking a 116.8% year-on-year increase. Gross Gaming Revenue (GGR) for the same period reached MOP$57.3bn (US$7.11bn), up 65.5% year-on-year, with gambling taxes constituting 83.52% of the government's total revenue.","focusai_entities":"Financial Services Bureau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), operator_casino (0.98), payments_fraud_aml (0.75), investor_analyst (0.98), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What are the projections for Macau's full-year GGR, considering the Q1 run rate and potential shifts in visitation patterns or regulatory policy?"},{"label":"Operator Profitability Impact?","query":"How will the increased tax revenue and GGR translate into net profit margins for Macau's concessionaires, factoring in operational costs and non-gaming investment obligations?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777014935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014935","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=777014935"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014935\/revisions"}],"predecessor-version":[{"id":777014958,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777014935\/revisions\/777014958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777009898"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777014935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777014935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777014935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}