The government collected MOP29.86bn (US$3.71bn).<\/p>\n\n\n\n\n\n\n\n
Macau.- The\u00a0Financial Services Bureau\u00a0has reported that Macau collected MOP29.86bn (US$3.71bn) in taxes from casino operations in the first four of the year. The figure was up 98.2 per cent when compared to the same period last year.\u00a0In April, the Macau government collected MOP7.93bn, up 11.2 per cent when compared to March.<\/p>\n\n\n\n
Cumulatively, Macau\u2019s gross gaming revenue (GGR) for the first four months of 2024 was MOP75.87bn (US$9.36bn), up 53.7 per cent year-on-year.\u00a0Macau’s GGR for April<\/a>\u00a0was down 4.9 per cent\u00a0month-on-month<\/a>\u00a0at MOP18.5bn (US$2.29bn) but up 26 per cent\u00a0when\u00a0compared to April 2023.<\/p>\n\n\n\n In the four months to April 30, gaming taxes accounted for 83.5 per cent of all tax revenue, which reached MOP35.77bn. According to the budget plan for 2024, the government aims for MOP83.61bn in gaming tax this year. The first four months’ take represents 35.7 per cent of that. Last year, the Macau government collected MOP65.26bn, surpassing budget expectations by 28.3 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":" The government collected MOP29.86bn (US$3.71bn).<\/p>\n","protected":false},"author":176,"featured_media":25616,"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 Financial Services Bureau reported MOP29.86bn (US$3.71bn) in casino tax revenue for the first four months of 2024, a 98.2% increase year-on-year. Gross Gaming Revenue (GGR) for the same period reached MOP75.87bn (US$9.36bn), up 53.7% year-on-year, with gaming taxes constituting 83.5% of total tax revenue. The current tax collection represents 35.7% of the MOP83.61bn annual budget target.","focusai_entities":"Financial Services Bureau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR vs. Tax Correlation","query":"How does the observed GGR growth rate compare to the gaming tax collection growth rate, and what does this imply about the effective tax rate or revenue mix within Macau's casino operations?"},{"label":"Budget Attainment Outlook","query":"Given the current pace of gaming tax collection, what is the revised projection for Macau's government to meet or exceed its MOP83.61bn gaming tax budget for 2024, considering seasonal variations and potential policy impacts?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777015399","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\/777015399","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=777015399"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015399\/revisions"}],"predecessor-version":[{"id":777015420,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015399\/revisions\/777015420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25616"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777015399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}