Macau’s gaming tax collection drops 11.8%

Gaming tax collection in Macau fell by as much as 11.8 percent in the first eight months of 2016, compared to the same period last year, according to data from the city state’s Financial Services Bureau.

The bureau recorded a total of MOP51.67 billion (USD6.47 billion) were collected in direct taxes from gaming in the January to August period—an amount lower than the MOP58.59 billion (USD7.33 billion) collected in the same period in 2015.

This period’s collection was also 43.1 percent lower compared to two years ago, when revenue from gaming taxes reached MOP90.86 billion.

Overall, government revenue suffered a 12.9 percent year-on-year drop for the calendar year ending August 31. For this period, the government collected MOP63.43 billion, which is about MOP9.41 billion less than the amount collected a year ago. Direct taxes from gaming makes up 81.5 percent of the Macau government’s total revenue in the January to August period.