{"id":397,"date":"2020-01-14T00:00:00","date_gmt":"2020-01-14T00:00:00","guid":{"rendered":"https:\/\/gbc.ng\/macau-to-set-new-tourism-tax\/"},"modified":"2020-01-14T00:00:00","modified_gmt":"2020-01-14T00:00:00","slug":"macau-to-set-new-tourism-tax","status":"publish","type":"post","link":"https:\/\/gbc.ng\/index.php\/macau-to-set-new-tourism-tax\/","title":{"rendered":"MACAU TO SET NEW TOURISM TAX"},"content":{"rendered":"<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">The Macau Government Tourism Office proposed a new tourism tax and conducted a study which shows popular support for it.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">Macau.- Macau gets most of its tax revenue from the gaming industry and wants to take a little more. The Macau Government Tourism Office (MGTO) had suggested a new tourism tax and had to review it.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">The office conducted a feasibility study to consider that possibility and had an overwhelming result. After 149k questionnaires to residents and members of the tourism industry, 95% of residents supported it and 80% of the segment rejected it.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">Therefore, Macau would set the new tourism tax at \u20ac11-22.5 per head and would have just a slight impact on visitor flows.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><strong><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">2020 forecasts<\/span><\/strong><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">Most analysts have already predicted a slow start for the industry, but not everything is lost. According to brokerage Sanford C Bernstein, the Macau casino segment\u00a0<\/span><b><i><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">will have an improved 2020<\/span><\/i><\/b><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">The firm says GGR may grow by 8%, thanks to 6% and 9% growths in the VIP and mass segments.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">\u201cWe forecast GGR growth of 8% year-on-year in 2020,\u201d noted Sanford Bernstein analysts Vitaly Umansky, Kelsey Zhu and Eunice Lee.<\/span><\/p>\n<p style=\"background: white; margin: 0in 0in 15.0pt 0in;\"><span style=\"font-size: 13.5pt; font-family: 'Arial','sans-serif'; color: #1d2f5f; letter-spacing: .25pt;\">\u201cConcerns over the Chinese economy will moderate and liquidity issues will ease along with a potentially stronger RMB over the next six to 12 months. That should lead to a rebound in the VIP segment,\u201d they said on the Macau casino segment potential.<\/span><\/p>\n<p style=\"line-height: 21.0pt; background: white; vertical-align: baseline; margin: 0in 0in 18.75pt 0in;\"><span style=\"font-size: 11.5pt; font-family: 'Open Sans','serif'; color: #333333;\">\u00a0<\/span><\/p>\n<p class=\"author__bio\" itemprop=\"description\">\n<p class=\"comment-form-comment\"><label class=\"show-on-ie8\" for=\"comment\">Comment<\/label><br \/>\n<textarea aria-required=\"true\" cols=\"45\" id=\"comment\" name=\"comment\" placeholder=\"Message\" rows=\"8\"><\/textarea><\/p>\n<p class=\"comment-form-author\"><label class=\"show-on-ie8\" for=\"author\">Name<\/label><input aria-required=\"true\" id=\"author\" name=\"author\" placeholder=\"Name...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-email\"><label class=\"show-on-ie8\" for=\"name\">Email<\/label><input aria-required=\"true\" id=\"email\" name=\"email\" placeholder=\"Email...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-url\"><label class=\"show-on-ie8\" for=\"url\">Url<\/label><input id=\"url\" name=\"url\" placeholder=\"Website...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-cookies-consent\"><input id=\"wp-comment-cookies-consent\" name=\"wp-comment-cookies-consent\" type=\"checkbox\" value=\"yes\"\/> <label for=\"wp-comment-cookies-consent\">Save my name, email, and website in this browser for the next time I comment.<\/label><\/p>\n<p class=\"form-submit\"><input class=\"submit\" id=\"comment-submit\" name=\"submit\" type=\"submit\" value=\"Send\"\/> <input id=\"comment_post_ID\" name=\"comment_post_ID\" type=\"hidden\" value=\"11763\"\/> <input id=\"comment_parent\" name=\"comment_parent\" type=\"hidden\" value=\"0\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Macau Government Tourism Office proposed a new tourism tax and conducted a study which shows popular support for it. Macau.- Macau gets most of its tax revenue from the gaming industry and wants to take a little more. The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,11],"tags":[],"class_list":["post-397","post","type-post","status-publish","format-standard","hentry","category-asia","category-casino"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MACAU TO SET NEW TOURISM TAX - GBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc.ng\/index.php\/macau-to-set-new-tourism-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MACAU TO SET NEW TOURISM TAX - GBC\" \/>\n<meta property=\"og:description\" content=\"The Macau Government Tourism Office proposed a new tourism tax and conducted a study which shows popular support for it. 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