Rich gambling tax harvest for Macau government
News on 5 Oct 2018
News on 5 Oct 2018
The value of Macau’s gambling industry was displayed again this week when the Financial Services Bureau released its figures for the first eight months of 2018, reporting that direct taxes from gaming reached MOP70.9 billion (US$8.7 billion), a 17 percent year-on-year increase.
The accumulated tax revenue makes up 86 percent of the MOP82.4 billion in gaming tax revenue targeted for the full year, and the increase is attributed to a similarly strong growth in gaming revenue.
News on 5 Oct 2018
The value of Macau’s gambling industry was displayed again this week when the Financial Services Bureau released its figures for the first eight months of 2018, reporting that direct taxes from gaming reached MOP70.9 billion (US$8.7 billion), a 17 percent year-on-year increase.
The accumulated tax revenue makes up 86 percent of the MOP82.4 billion in gaming tax revenue targeted for the full year, and the increase is attributed to a similarly strong growth in gaming revenue.
