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Macau gaming tax revenue hits $8.24B in first eight months

Our write-up of a story first reported by Asia Gaming Brief

Macau gaming tax revenue hits $8.24B in first eight months

Macau's gaming tax revenue reached MOP66.32 billion ($8.26 billion) in the first eight months of the year, up 6.9 percent from MOP61.88 billion ($7.71 billion) in the same period last year.

By the end of August, casino tax receipts had reached 71.5 percent of the government's annual budget target of MOP92.53 billion ($11.52 billion). Growth slowed in August alone, with the government collecting MOP7.83 billion ($975 million), down 8 percent from MOP8.51 billion ($1.06 billion) in August last year.

Gaming taxes account for 85.1 percent of total government revenue. Overall budget income for the eight months stood at MOP77.77 billion ($9.68 billion), up 7.2 percent year-on-year. Expenditure over the same period totalled MOP58.81 billion ($7.32 billion), leaving a central account balance of MOP18.95 billion ($2.36 billion) against MOP15.01 billion ($1.87 billion) a year earlier.

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