• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 9 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Macau government says no plans to cut gaming tax

Jane Ka Cheng Wong by Jane Ka Cheng Wong
Fri 6 Mar 2020 at 04:34
Closing all borders not an option despite government order to shutter 41 Macau casinos for 15 days
42
SHARES
844
VIEWS
Print Friendly, PDF & Email

Macau’s Secretary for Economy and Finance, Lei Wai Nong, stated Thursday that the government has no intention of cutting gaming taxes in order to ease financial pressures on the industry as a result of the global COVID-19 outbreak.

“The gaming industry has had a good time in the past,” Lei said at a press conference. “In accordance with the current gaming law and regulations, gaming operators have to pay several taxes. Thus tax concession for the gaming industry is related to relevant law amendments. We don’t have this kind of intention at this moment.”

Gaming operators in Macau are levied around 39% in taxes on gaming revenues, including 35% government tax with several contributions for social and economic purposes.

Gaming revenues plunged 87.8% to MOP$3.1 billion in February, prompting the likes of SJM Vice-Chairman, Executive Director and CEO Ambrose So Shu Fai to call for gaming taxes to be eased.

Expecting the government deficit to reach MOP$40 billion this year, Lei said that businesses in the gaming sector and other associated industries such as retail, dining and hotels would recover when the epidemic stabilizes.

“Once the situations in Macau and cities nearby are stabilized, I believe that tourists will come back soon. Macau will recover soon,” he said.

“Therefore Macau has to do our best in preventive measures for not only our citizens, but also to show tourists that we are safe.”

Lei expressed his appreciation to gaming operators for donating money and medical supplies to support the community, although he expressed his concern regarding employment after it was revealed this week that a “top 5” junket operator had laid off 200 employees. All were re-hired upon pressure from the government.

In order to revitalize Macau’s economy, the government recently announced a stimulus package that will see citizens receive MOP$10,000 cash in April, and a MOP$3,000 e-coupon to be used between May and July.

Share22Share2
Jane Ka Cheng Wong

Jane Ka Cheng Wong

Jane Ka Cheng Wong is a journalist who joined Inside Asian Gaming after working for local Macau media for many years. As part of the IAG team she covers Macau-based stories relating to politics, gaming, IRs and local associations among other topics. Jane is intrigued by unique scenarios, vibrant cultures and different people, and hopes to continue exploring new places around the world in the future.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Macau’s 2025 visitor arrivals move past 20 million, 26 days earlier than last year

Macau’s 2025 visitor arrivals move past 20 million, 26 days earlier than last year

by Pierce Chan
Tue 8 Jul 2025 at 14:47

The number of visitor arrivals to Macau in 2025 has officially exceeded 20 million, with the milestone coming some 26 days earlier than last year, according to information from the Public Security Police Force (PSP). The 20 million figure had...

SABA Sports unveils QuickBet Widget: Seamless, smart betting across every digital surface

SABA Sports unveils QuickBet Widget: Seamless, smart betting across every digital surface

by Newsdesk
Tue 8 Jul 2025 at 12:59

CLIENT PROMOTION In its latest stride toward redefining sports betting experiences, SABA Sports proudly introduces the QuickBet Widget – a compact yet powerful tool that transforms any digital platform into a high-converting betting environment. Built for speed, flexibility and smart...

Crown saga claims new scalp as Western Australia’s Chief Casino Officer steps down over conflict of interest claims

Crown Perth deemed suitable to maintain casino license after three-year remediation

by Ben Blaschke
Tue 8 Jul 2025 at 12:40

Crown Resorts has cleared the final hurdle in its long path back to full suitability after the Western Australia Government announced that Crown Perth has been found suitable to maintain its casino license. Crown Perth had been found unfit to...

Philippines President Marcos open to stricter online gambling regulations if “well-studied”

Philippines President Marcos open to stricter online gambling regulations if “well-studied”

by Newsdesk
Tue 8 Jul 2025 at 06:21

Philippines President Ferdinand Marcos Jr has expressed cautious support for calls to impose stricter regulations on the growing eGames – or domestic online gaming – sector, provided any such restrictions are based on factual studies. According to state-run Philippine News...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語