Published
Financial

Macau government accounts show gaming industry vigour

Maca

macau
u’s 1H gaming taxes have increased an impressive 15.3% according to the city’s most recent Financial Services Bureau (FSB) report released earlier today.

Direct taxes from gaming were also up an impressive 14.2% indicating that many of the casino operators in the region will also have positive 1H growth in comparison to the 2015/2016 financial year.

The tax figure is a good indication for Macau’s thriving casino industry which accounts for well over 90% of the entire region's taxable income. Investors therefore will be watching Macau closely in the coming weeks for more signs of strength from the territory.

It’s great news for the casino industry as these results suggest a good year ahead. However, the people of Macau will also benefit as government expenditure has increased by 13.6% as shown by the FSB.

Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Tipico
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...