According to a report from GGRAsia citing provisional figures from the Financial Services Bureau, the tax amount compared to US$ 4.11 billion for the same five-month period last year while the first eleven months of 2016 saw gambling account for nearly 78% of the former Portuguese enclave’s overall revenues.
After suffering through 26 months of year-on-year declines, Macau’s casinos saw their aggregated gross gaming revenues for August improve by 1.1% to US$ 2.35 billion while September’s figure of US$ 2.29 billion represented a swell of 7.4%.
More recently and aggregated gross gaming revenues for Macau’s casinos reached just over US$ 2.65 billion for March, which was an 18.1% improvement year-on-year, followed by a 16.3% boost for April to US$ 2.52 billion and an impressive 23.7% swell last month to US$ 2.83 billion.
Macau levies an effective tax rate of 39% on all of its casinos’ gross gaming revenues and its government earlier conservatively predicted that total takings for 2017 would reach in excess of US$ 24.89 billion, which would give it approximately US$8.94 billion in tax with which to play.
