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Macau gaming tax revenue 77 percent of the budget forecast through August

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Macau revenue from gaming taxes has reached 76.9 percent of the government’s budget forecast in the eight months through August.

The Macau government raked in gaming tax totaling MOP39.1 billion ($4.86 billion) in the first eight months of the year, according to details published by the SAR’s Financial Services Bureau.

The figure represents a 175 percent increase over the MOP14.2 billion ($1.77 billion) collected from January to August 2022. 

At the same time, the August figure totaled MOP6.44 billion ($800 million).

Macau’s casino gross gaming revenue (GGR) grew by 3.3 percent month-on-month, to MOP17.2 billion ($2.1 billion) in August, the highest monthly volume this year, according to data released by the city’s casino regulator, the Gaming Inspection and Coordination Bureau (DICJ).

MACAU-GGR-AUGUST-2023

Macau’s casino GGR stood at MOP114 billion ($14.1 billion) for the first eight months of the year, an increase of 295 percent from a year earlier. The tally represents only 39 percent of the MOP292.4 billion ($36.1 billion) generated in GGR during FY19.

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.

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