Tax officials in their former Portuguese enclave made just over $6.8 billion in six months, up 14.2% from a year earlier, about 82.5% of which come from games, citing preliminary figures from the Financial Services Agency.
Macau imposes an effective tax rate of 39% on casinos’ total revenue from games, and the Macau government earlier predicted that total revenue would exceed $24.89 billion, which conservatively forecast would cost about $8.94 billion on public works and services.
However, government spending in the first six months rose 13.6% year-on-year to just over $4.3 billion. Although the expenditure ratio of just 40.7%, it means that the surplus remains more than three times higher than the annual estimate of $692.2 million.바카라사이트
Half-year total gaming revenue for more than 30 casinos in Macau was about $15.7 billion, up 17.2% from a year earlier, and June’s figure rose 25.9% to nearly $2.5 billion. That performance reportedly prompted the sector to report a “solid second quarter” before Japanese brokerage Nomura Holdings raised its growth estimate by 3 percentage points to 15%.
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