Gross casino gaming revenues in Macau in September fell 11.7 percent year on year to 25.564 billion patacas (US$3.195 billion), for the fourth consecutive month, the Gaming Inspection and Coordination Bureau (DICJ) said.
The figures released by the DICJ showed that after June and July, months in which the year on year drop stood at 3.7 percent and 3.6 percent, respectively, the downward trend in revenues increased to 6.1 percent in August and 11.7 percent in September.
In cumulative terms the rate of growth has fallen from 23.7 percent in February to 5.9 percent in September, a month in which gross revenues reached 275.941 billion patacas ( US$34.492 billion).
Taxes on the gaming sector are the main source of government revenue in Macau that directly charges 35 percent on gross revenues earned and another 4 percent, indirectly, for various purposes such as social spending.
In addition, the casinos pay yearly fees for each table and gaming machine in operation, plus a concession bonus.
At the end of the second quarter of 2014 Macau had 35 casinos owned by six concession holders, 20 in the hands of Sociedade de Jogos de Macau, six run by Galaxy Casino, four by Venetian Macau, three by Melco Crown Gaming (Macau), one by Wynn Resorts (Macau ) and one by MGM Grand Paradise, which had a total of 5,710 tables and 12,895 slot machines. (macauhub/MO)