Macau, China, 6 Jan – Macau’s gaming and betting sector recorded gross receipts of 46 billion patacas last year, an increase of 9 percent over 2004, according to statistics released Friday.
Income from Macau’s casinos last year resulted in 17. 5 billion patacas in direct and indirect tax revenue for the government of the Special Administrative Region.
Macau’s gaming boom was sparked by the liberalization of the sector in 2002 and the issuing of gaming licenses to Stanley Ho´s SJM casino group and two newcomers, with these operators being allowed sub-licensees.
Macau’s eighteenth casino, the Grand Emperor Hotel, opened Thursday and is the sixteenth in the Chinese enclave city to be controlled by the SJM group. (macauhub)