The Macau Government has reaped the benefits of the gaming industry’s strong start to 2017, with figures released by the city’s Financial Services Bureau on Monday showing a 12.4% year-on-year increase in gaming tax revenue from January through May.
The government has raked in MOP$37.12 billion in gaming tax for the first five months of the year, up from MOP$33.03 billion 12 months earlier. The figure represents 83.1% of all government revenue and has the government comfortably on track to reach its 2017 gaming tax budget of MOP$71.86 billion.
Fiscal surplus currently sits at MOP$23.79 billion, a 44.7% increase on the same period in 2016.
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