Macau Jan-Oct casino tax up over 11.8 pct on 2023 total
Monday 25 de November 2024 / 12:00
⏱ 1 min read
(Macau).- Financial authorities have reported as much as MOP73 billion (US$9.16 billion) in revenue from games of chance for the first ten months, with the latest figure up significantly from last year’s MOP51.55 billion.
According to the Financial Services Bureau, the October figure was up 11.86 per cent compared to a total of MOP65.26 billion for the whole of 2023.
The October figure lifted the current revenue to nearly MOP89 billion – up nearly 35 per cent from last year.
Total revenue, as of that month, was MOP89.4 billion, while expenditure overall hit MOP75.65 billion, resulting in a surplus of nearly MOP13.8 billion.
According to a revelation by the chief executive during a recent Legislative Assembly session, Macau’s fiscal reserves reached over MOP600 billion – alongside some MOP230 billion in foreign reserves.
Ho Iat Seng told lawmakers that the remaining two months could generate an average of MOP19 billion per month, with the full year to be bringing in around MOP228 billion in gross gaming revenue.
Categoría:Casino
Tags: Sin tags
País: Macao
Región: Asia
Event
SiGMA North America 2026
01 de September 2026
LatAm Regulators Discussed Illegal Gambling and Innovation at SiGMA North America
(Mexico City, SoloAzar Exclusive).- The panel "The Red Pen Forum: Regulators Respond to the Industry," held during SiGMA North America 2026, brought together representatives from Uruguay, Argentina, Puerto Rico, and Honduras to analyze regulatory challenges, digital transformation, illegal gambling, and the need to adapt lotteries for new generations. The conference was moderated by Rodrigo Cigliutti, Executive Director of CIBELAE (Ibero-American Corporation of State Lotteries and Betting), and featured the participation of Marcelo Visconti, National Director of Lotteries and Quinielas of Uruguay; Carlos Moyano, President of IAFAS Entre Ríos, Argentina; Heidi Hernández Olivo, Deputy Secretary of the Puerto Rico Lottery; and Lissa Mencía, General Director of Lottery Operations and Games at Loto Honduras.
Monday 28 Sep 2026 / 12:00
SiGMA North America Addressed Crisis Management in iGaming
(Mexico, SoloAzar Exclusive).- During SiGMA North America 2026, Rosa Ochoa, founder of the Blue Global Gaming platform and strategic advisor for gaming operators; Iliana María Pineda Echeverri, Chief Legal & Compliance Officer at Wplay.co; Iraid Rosales, Country Manager Mexico at Amusnet; and Elizabeth Maya Cano, Executive President of CORNAZAR, analyzed the key factors in managing crisis situations within the iGaming industry, with a special focus on transparency, communication, technology, and preparation.
Friday 25 Sep 2026 / 12:00
Affiliates and Acquisition: Keys to Regulated Markets in North America
(Mexico City, SoloAzar Exclusive).- During SiGMA North America 2026, Cristopher Guzmán Reyes, Head of Affiliates at Logrand Entertainment Group; Guga Júnior, influencer and slots expert at Scalar Partners; Andrés Gómez, Head of Latin America Go-to-Market Strategy at Admattic; Yambot Aguilera, Gaming and Finance Sales Director at Google; and Paula Gabriel Jiménez, Advertising Client Growth Director for Microsoft at Aleph, analyzed the state and provincial affiliate ecosystem in North America, as well as the acquisition challenges in regulated markets.
Thursday 24 Sep 2026 / 12:00
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