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Macau's gaming tax income declines 5.3%
Source: Xinhua |
February 24, 2009, Tuesday
|
Print Edition
Print Edition
MACAU saw its January gaming tax income drop 5.3 percent year on year to 2.92 billion patacas (US$370 million), the Macao Post Daily reported yesterday.
Gaming taxes accounted for 82.3 percent of Macau's total revenues in January, which amounted to 3.55 billion patacas, a decrease of 10.3 percent over the same period last year, the newspaper said, quoting figures from the government's Financial Services Bureau.
By law, Macau's casinos pay 35 percent of their gross revenue as direct tax to the government, and another 4 percent to 5 percent are also paid as funds for its social, cultural, educational and other public causes.
For the whole of 2008, the government's income from direct gaming taxes reached a record 39.56 billion patacas, a jump of 34.8 percent over 2007, according to the figures. Direct gaming taxes accounted for 77.5 percent of the government's total revenues last year.
In 2008, the gaming sector, comprising casinos, horse and dog races, and various forms of lotteries, posted record revenues of 109.83 billion patacas, according to the statistics from Macau's Gaming Inspection and Coordination Bureau.
Gaming taxes accounted for 82.3 percent of Macau's total revenues in January, which amounted to 3.55 billion patacas, a decrease of 10.3 percent over the same period last year, the newspaper said, quoting figures from the government's Financial Services Bureau.
By law, Macau's casinos pay 35 percent of their gross revenue as direct tax to the government, and another 4 percent to 5 percent are also paid as funds for its social, cultural, educational and other public causes.
For the whole of 2008, the government's income from direct gaming taxes reached a record 39.56 billion patacas, a jump of 34.8 percent over 2007, according to the figures. Direct gaming taxes accounted for 77.5 percent of the government's total revenues last year.
In 2008, the gaming sector, comprising casinos, horse and dog races, and various forms of lotteries, posted record revenues of 109.83 billion patacas, according to the statistics from Macau's Gaming Inspection and Coordination Bureau.
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