The city collected US$ 9.11 billion in fiscal revenues from direct taxes on gaming between January and November, down 7.4 % from the prior-year period. The revenue collected on gaming in the first 11 months of 2016 is however higher than the government’s US$ 8,77 billion estimate for the full year.
Direct taxes from gaming brought in approximately 78 % of the Macau government’s total revenue in the first 11 months of 2016. Macau levies an effective tax rate of 39 % on casino gross gaming revenue (GGR), 35 % in direct government tax, and the remainder in a number of levies to pay for a range of community good causes.
Macau’s casino GGR rose 14.4% year-on-year in November, to US$ 2,29 billion, according to official data. The result marked the fourth time in 30 months that monthly revenue had not contracted, judged year-on-year.
In November, Macau’s Chief Executive, Chui Sai On,
forecast Macau’s 2017 casino
GGR would total US$ 24,4 billion. In a December 15
report, banking group Morgan Stanley said it was raising its estimate for
Macau’s 2017 casino GGR growth from 2 % year-on-year to 10 percent.
Source: GMB / GGR Asia
