New stricter regulation combats illegal gambling in Macau
Macau’s Legislative Assembly approved the new stricter regulation aimed at combating illegal gambling operations.The law called “Law to Combat Crimes of Illegal Gambling”...
Macau SAR reports surge in gaming tax revenue
The Macau SAR government reported an increase in gaming tax revenue from January to May, with the fiscal year’s budget execution progressing as planned.
According to the Financial Services Bureau (DSF), the Macau SAR government reported gaming tax revenue of $4.6 billion from January to May, a 78.2 percent rise over the same period last year.
Gaming tax income in May came to $889 million, down 9.9% from $986 million in April but up 25.4% year over year. Although the Gaming Inspection and Coordination Bureau (DICJ) earlier reported April GGR of $2.30 billion, the May tax amount represents Macau’s gross gaming income from April.
According to the Macau government, gaming tax revenue for the fiscal year 24 is expected to be approximately $10.4 billion. As of May, 44.3 percent of the budget was executed as planned. The first five months of this year saw $5.42 billion in total government revenue, up 72.3 percent from the same period last year.
Of the total, 84.9 percent came from concessionaires’ special gaming tax.
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