{"id":596,"date":"2020-11-13T00:00:00","date_gmt":"2020-11-13T00:00:00","guid":{"rendered":"https:\/\/gbc.ng\/macau-gaming-tax-collection-down-74-year-on-year\/"},"modified":"2020-11-13T00:00:00","modified_gmt":"2020-11-13T00:00:00","slug":"macau-gaming-tax-collection-down-74-year-on-year","status":"publish","type":"post","link":"https:\/\/gbc.ng\/index.php\/macau-gaming-tax-collection-down-74-year-on-year\/","title":{"rendered":"MACAU GAMING TAX COLLECTION DOWN 74% YEAR-ON-YEAR"},"content":{"rendered":"<p>In the first ten months of 2020, authorities collected US$3bn.<\/p>\n<p>Macau.- Macau\u2019s Financial Services Bureau (<strong><em>DSF<\/em><\/strong>) has reported that in the first ten months of the year the gaming tax collection was only MOP24.3bn (US$3bn), 74 per cent less than in the same period in 2019.<\/p>\n<p>The authorities were expecting around MOP50bn (US$6.25bn) for the period.<\/p>\n<p>From January to October, gross gaming revenues dropped by 81.4 per cent year-on-year to MOP45.8 billion (US$5.73 billion). there was a\u00a0<strong><em>slight recovery in October<\/em><\/strong>.<\/p>\n<p>The tax for casinos in Macau is equal to 39 per cent of gaming revenue, and also includes a 35 per cent direct tax and other types of levies for social and welfare purposes.<\/p>\n<p>Authorities have proposed an injection of MOP20 billion (US$2.5 billion) from local financial reserves to balance the budget.<\/p>\n<p>The Legislative Assembly recently approved the 2021 government budget, in which authorities estimated the gaming sector will generate MOP130bn (US$16.2bn) in gross gaming revenues next year.<\/p>\n<p>If so, about MOP45.5m (US$5.5bn) will be collected in gaming taxes.<\/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=\"21420\"\/> <input id=\"comment_parent\" name=\"comment_parent\" type=\"hidden\" value=\"0\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first ten months of 2020, authorities collected US$3bn. Macau.- Macau\u2019s Financial Services Bureau (DSF) has reported that in the first ten months of the year the gaming tax collection was only MOP24.3bn (US$3bn), 74 per cent less than&#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-596","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 GAMING TAX COLLECTION DOWN 74% YEAR-ON-YEAR - 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-gaming-tax-collection-down-74-year-on-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MACAU GAMING TAX COLLECTION DOWN 74% YEAR-ON-YEAR - GBC\" \/>\n<meta property=\"og:description\" content=\"In the first ten months of 2020, authorities collected US$3bn. 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