Macau gambling firms will make hefty tax contributions next year

The draft budget tabled in Macau’s Legislative Assembly Wednesday projects that gambling companies operating on the island will pay government gaming tax of MOP 91 billion (US$ 11.3 million) next year.

Leong Vai Tac, the secretary for the Economy and Finance, told lawmakers that the gaming tax revenue represents an increase of MOP 10.5 billion compared with 2018, and has been calculated using estimated gross revenue of MOP 260 billion for 2019.

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