Macau received MOP$506.64 million in gaming tax in May, down 94% year-on-year according to figures releases by the Financial Services Bureau.
May’s gaming tax was collected from April’s gaming gross revenue, which fell 96.8% to MOP$754 million. For the first five months of the year combined, Macau’s gaming tax revenue declined 56.5% to MOP$21.03 billion.
According to the government’s budget planning, tax levied on gaming operations had fulfilled 42.1% of the targeted budget so far. The government has lowered the annual gaming tax budget from MOP$98.21 billion to MOP$49.98 billion, indicating it needs to receive MOP$4.16 billion in tax from gaming operators on average each month.
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