The amount of tax revenue collected by Macau’s government from the six concessionaires climbed 1.9% year-on-year in the six months to 30 June 2019, according to figures released by the Financial Services Bureau this week.
Concession revenue totaled MOP$58.40 billion (US$7.25 billion) for the period, comprising MOP$58.19 billion in gaming revenue and MOP$209.7 million in concession revenue from public utility services.
The number accounted for the majority of the government’s total revenue in 1H19 of MOP$63.86 billion (US$7.93 billion), highlighting the importance of the gaming industry to the local economy.
Government expenditure also increased slightly to MOP$35.53 billion but it still managed a significant surplus for the period of MOP$30.53 billion.
