Gaming Taxes Reach 70.9 Billion Patacas in First Eight Months of 2018

The Macau government saw its direct taxes from gaming reach 70.9 billion patacas (about US$8.8 billion) from January to August 2018, up 17 percent from the prior year period.

During the same period in 2017, the government recorded gaming taxes of 64.1 billion patacas (about US$8 billion). In 2016, gaming tax revenue reached 54.9 billion patacas (about US$6.8 billion) in the period.

According to data from the Financial Services Bureau, the accumulated tax revenue make up for 86 percent of the 82.4 billion patacas (about US$10.2 billion) in gaming tax revenue targeted for the full year.

The increase in gaming tax revenue is attributed to a similarly strong growth in gaming revenue. However, a slowdown is expected for the second half of 2018.

Last month, Macau GGR grew only 2.8 percent year-on-year, affected by casino closures during Typhoon Mangkhut and related disruptions. (AGB)