gaming tax revenue<\/a><\/em><\/strong> after the first nine months of 2019. Consequently, it appears that the forecast is underestimating the eventual tallies.<\/p>\n\n\n\nHowever, Fitch Ratings explained it expects Macau GGR growth to be in the low single digits in 2020, with strength in the mass market offsetting flat VIP growth.<\/p>\n\n\n\n
The government taxes the gross gaming revenues (GGR) of Macau casinos at a rate of 35 percent, but other charges raise the tax rate to 39 percent.
<\/p>\n","protected":false},"excerpt":{"rendered":"
The government taxes the gross gaming revenues (GGR) of Macau casinos at a rate of 35 percent<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Macau Government projects MOP 91 billion in gaming tax revenue for 2020, indicating no growth from 2019's estimated MOP 85.6 billion collected over nine months. While this forecast appears conservative, Fitch Ratings anticipates low single-digit GGR growth for Macau in 2020, driven by mass market strength offsetting flat VIP performance. Macau's gaming tax rate stands at 35% of GGR, rising to 39% with additional charges.","focusai_entities":"Fitch Ratings","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Forecast Discrepancy?","query":"What specific factors might account for the discrepancy between the Macau Government's conservative gaming tax revenue forecast and Fitch Ratings' low single-digit GGR growth projection for 2020?"},{"label":"VIP vs. Mass Market Impact?","query":"How might the anticipated flat VIP growth, offset by mass market strength, influence Macau casino operators' investment strategies and product development in the coming fiscal year?"}],"footnotes":""},"categories":[160,28,16338],"tags":[96,512,257,2054,1206],"class_list":["post-805","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","tag-asia","tag-gaming","tag-macau","tag-revenue","tag-tax"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/805","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=805"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/805\/revisions"}],"predecessor-version":[{"id":820,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/805\/revisions\/820"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}