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Macau revises annual gaming tax budget down by 49% for 2020

Jane Ka Cheng Wong by Jane Ka Cheng Wong
Fri 15 May 2020 at 04:57
Lack of Cotai presence stings as VIP decline sees SJM lose more market share in 2Q19
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The Macau SAR government lowered its expected budget on the collection of gaming tax for this year, down 49% from MOP$98.21 billion to MOP$49.98 billion.

Macau’s GGR fell 96.8% in April compared to last year. The government received only MOP$2.04 billion in gaming taxes in April, according to figures from the Financial Service Bureau. This amount was levied on the March GGR of MOP$5.26 billion.

From January to April, the government’s tax revenue fell 47.9% year-on-year while the percentage gaming taxes contributed to government coffers was down from 86% of public revenues last year to 52.2% over the first fourth months of 2020.

Last year, Macau collected MOP$112.71 billion in gaming tax on a total GGR of MOP$292.21 billion, but the government has already predicted 2020 GGR will fall by 50% to MOP$130 billion due to the ongoing COVID-19 pandemic.

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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.

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