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| ISSUE 96 - Apr 2012 |
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Govt expects MOP85 billion in taxes from gaming
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Posted: 11/22/2011 3:52:38 PM
The Macau government is expecting to rake in MOP85 billion (US$10.6 billion) in 2012 as revenue from direct taxes on gaming.
Local officials say they are expecting the city’s casinos to post an average monthly gross gaming revenue of MOP20 billion for the year.
As usual, this is a conservative estimate: it is very likely that this year alone the industry will beat that figure – the current monthly average for 2011 stands at MOP22.1 billion.
For 2012, the industry consensus is that the local casinos will post a year-on-year growth of 15 to 20 percent.
Estimated government expenditure for 2012 stands at MOP77.4 billion while revenue is projected to go up to a record MOP115.2 billion.
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| Other Macau Latest News |
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| MGM is still waiting for Cotai approval, but Grant Bowie reiterates that it will go beyond just gaming |
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| Wynn’s lawyers accuse the Japanese businessman of trying to find improper acts, which they say never happened |
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| The gaming operator is again backing the Macau stage of the FIVB Volleyball World Grand Prix |
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| Property experts say prices in Ilha Verde area could go up 10-fold |
| Headlines |
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| The company’s president and CEO has had his contract extended until August next year |
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| Gov’t authorisation is “just a formality”, English-language newspaper Business Daily reports |
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| Less informal lending in Wenzhou may lead to VIP slowdown in Macau’s casinos, says Macquarie |
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| The casino mogul dismisses rumours about connections between Tien Chiao and any government officials |
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| DJIA |
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| Nasdaq |
2,874.04 |
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| 2012-5-17 |  | | 24°C ~ 30°C |
| | 2012-5-18 | | | 24°C ~ 30°C |
| | 2012-5-19 | | | 24°C ~ 30°C |
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