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The amount of revenue collected from Macau’s six gaming operators has fallen to just 45.6 percent of the government’s budget given the effects of the pandemic.
The Macau government’s budget proposals put forward the estimate that it will collect MOP91 billion (about US$11.2 billion) in gaming taxes in 2020, suggesting no growth in the coming year.
Cambodia’s ban on online gambling is expected to hit government tax revenue next year, the Khmer Times reported, citing minutes from a meeting with Finance Minister Aun Pornmoniroth.
Macau said it has collected MOP67.2 billion ($8.4 billion) in tax revenue from gaming operators in the seven months through July, more than two thirds of its forecast for the year.
Casino investors from Hong Kong, Taiwan and Macau have made enquiries about operating in Myanmar after the government passed new regulations in May.
Gaming tax revenue collected by the Macau SAR government increased by 16.2 percent in January, reaching MOP10.2 billion, local media reports. The increase comes...
A $2 billion integrated resort planned for Quang Ninh province on Vietnam’s northern coast is expected to begin its first phase of construction in the first quarter of 2019 and be fully completed by 2022, according to local news reports.
The South Korean government has earned 62.5 trillion won (US$54.56 billion) from the gambling industry over the past 15 years, about half of it...
Tax revenue collected from Cambodia’s casinos jumped by about 40 percent in 2016 helped by increasing volumes, government efforts to improve tax collection and...
Vietnam is taking a step towards lifting a ban on locals gambling, but the experiment is limited to two casinos, leading to question marks over whether it will be the game changer that many foreign investors had hoped. The narrow scope of the experiment and remote location of the proposed resorts may hamper the revenue potential.
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