Gaming taxes collected in Jan-Apr lower by 40pct y-on-y

Local authorities collected MOP12.3 billion (US$1.5 billion) in gaming tax revenues for the first four months of this year – less MOP8.1 billion than in the same period of last year – or 25 per cent of the MOP50 billion in total gaming tax revenue the Macau government estimated to collect in the whole of 2021.

A total of MOP42.4 billion in gross gaming revenues was reported in the first four months of this year, a 28.7 per cent year-on-year increase, with a delay in tax revenue collection records explaining the disparity.

The Macau SAR budget reported MOP30 billion in total revenue between January and March, with an execution rate of 33.4 per cent, data provided by the Financial Services Bureau indicates, including MOP13.5 billion in capital revenue and MOP17.2 billion in current revenue.

Meanwhile, a total of MOP26.5 billion in expenses was reported between January and April, MOP3.2 billion more than in last year, with authorities having estimated a total of MOP92 billion in expenses for this year.

The Macau Legislative Assembly (AL) had initially approved a MOP26.6 billion allocation from the financial reserve to redress the deficit for public administration, with an extra MOP9.1 billion approved in April to support a new set of consumption and economic stimulus policies.