Macau reaps tax riches from gambling sector
News on 26 Oct 2017
News on 26 Oct 2017
The Macau gambling sector’s contribution to government tax coffers for the first nine months of 2017 rose 17.5 percent year-on-year to MOP 68.64 billion (US$8.54 billion) according to figures released this week by the island’s Financial Services Bureau.
Casino GGR over the three quarters to end September grew almost 19 percent to MOP 193.38 billion (US$24.06 billion) and constituted almost 81 percent of total government tax revenue at a tax rate of 35 percent on GGR.
