{"id":777016521,"date":"2024-06-18T09:12:52","date_gmt":"2024-06-18T12:12:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016521"},"modified":"2026-04-22T09:01:43","modified_gmt":"2026-04-22T12:01:43","slug":"macau-gaming-tax-revenue-up-78-2-in-first-5-months-of-the-year","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-gaming-tax-revenue-up-78-2-in-first-5-months-of-the-year","title":{"rendered":"Macau gaming tax revenue up 78.2% in first 5 months of the year"},"content":{"rendered":"\n

The government collected MOP37bn (US$4.6bn).<\/p>\n\n\n\n\n\n\n\n

Macau.- The\u00a0Financial Services Bureau\u00a0has reported that Macau collected MOP37bn (US$4.6bn) in taxes from casino operations in the first five months of the year. The figure was up 78.2 per cent when compared to the same period last year.\u00a0In May, the Macau government collected MOP7.15bn (US$889m), down 9.9 per cent when compared to April but up 25.4 per cent in year-on-year terms.<\/p>\n\n\n\n

Macau\u2019s GGR for the first five months of 2024 was MOP$96.06bn (US$11.9bn), up 47.9 per cent year-on-year. GGR for May<\/a> was MOP20.19bn (US$2.51bn), the city\u2019s best monthly performance since borders reopened after the Covid-19 pandemic in January 2023.<\/p>\n\n\n\n

According to the 2024 budget plan, the government aims for MOP83.61bn (US$10.4bn) in gaming tax this year. The first five months\u2019 take represents 44.3 per cent of that.<\/p>\n\n\n\n

Total government revenue for the first five months of this year amounted to MOP43.6bn (US$5.42bn), a 72.3 per cent year-on-year increase. Gaming tax contributed 84.9 per cent.<\/p>\n\n\n\n

See also:<\/strong> CLSA ups Macau GGR forecast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The government collected MOP37bn (US$4.6bn).<\/p>\n","protected":false},"author":176,"featured_media":21862,"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 collection reached MOP37bn (US$4.6bn) for the first five months of 2024, a 78.2% year-on-year increase, with May's GGR hitting MOP20.19bn (US$2.51bn), marking the best monthly performance since border reopenings. This robust performance positions the government to achieve 44.3% of its annual gaming tax budget target, underscoring the sector's significant contribution to total public revenue.","focusai_entities":"Financial Services Bureau, CLSA","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GGR Impact on Diversification","query":"What is the projected impact of this sustained GGR growth on Macau's non-gaming diversification initiatives and future capital expenditure by concessionaires, particularly concerning the updated concession agreements?"},{"label":"Fiscal Stability Implications","query":"How does the current gaming tax collection rate compare to historical recovery periods, and what are the implications for the government's long-term fiscal stability and potential adjustments to the 2024 budget plan?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777016521","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\/777016521","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=777016521"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016521\/revisions"}],"predecessor-version":[{"id":777016528,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016521\/revisions\/777016528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21862"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777016521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}