Direct gaming taxes in Macau total almost 18.37 billion patacas

19 September 2007

Macau, China, 19 Sept – Direct taxes on gaming and gambling activities in Macau between January and August totaled 18.368 billion patacas, a rise of 47.2 percent year on year, according to the Macau Finance Services Bureau (DSF).

The amount reached in the first eight months of the year is 90.6 percent of the value projected in the 2007 budget and is higher than the total amount of direct taxes charged in 2005.

Direct taxes on gaming and gambling, which accounted for 73 percent of all government revenues (25.012 billion patacas), allowed for a surplus of 16.202 billion patacas, as total expenditure was 8.809 billion patacas.

Macau has 26 casinos and is the only place in China where casinos are authorized and gambling is legal. (macauhub)