Wednesday, July 17, 2024
HomeNewsMacauMacau gaming tax climbs 44.5 percent y-o-y to almost $2.6 billion from January to May 31st

Macau gaming tax climbs 44.5 percent y-o-y to almost $2.6 billion from January to May 31st

The Macau government raked in gaming tax totaling MOP21 billion ($2.6 billion) in the first five months this year, according to details published by the SAR’s Financial Services Bureau.

The figure represents a 44.5 percent increase over the MOP11.5 billion ($1.43 billion) collected in the first five months of last year. At the same time, the May figure, totaling MOP5.7 billion ($707 million), rose by 15.2 percent from April. 

And the single-month figure was also equivalent to nearly half of the MOP10.11 billion ($1.25 billion) gaming tax revenue collected in the first three months of the year.

The taxes made from January to May 31st, 2023, also accounted for 40.8 percent of the government estimate of MOP50.85 billion ($6.3 billion) for the whole year.

Macau’s gross gaming revenue (GGR) reached MOP15.6 billion ($1.93 billion) in May. It was the highest monthly GGR figure since January 2020.

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

MORE ARTICLES

FOLLOW US

daily newsletter