As per Financial Services Bureau, the Macau government raked in MOP$33.91 billion (US$4.22 billion) in gaming tax in 2021. This is a 13.8% rise as compared to the tax collected in 2020, which stood at MOP$29.81 (US$3.73 billion). While there is a 13.8% the number for 2021 is under the estimated figure of $6.22 billion. The annual budget for 2022 expects the gaming tac to hit the US$61.93 billion mark. The Macau government has collected MOP$3.26 billion (US$405.7 million) n gaming tax in the month of January 2022, which is already up by 1.5% every year.
The Gaming Inspection and Coordination Bureau announced the full year gross gaming revenue of MOP$86.86 billion (US$10.82 billion), which is a 43.7% rise in gaming tax when compared to 2020, it was down by 70.3% when compared to 2019. The number of licensed gaming operators as per Macau’s Gaming Inspection and Coordination Bureau (DICJ) has now been reduced to 46. In 2013, there were 253 licensed junkets, while 2021 had 85 junkets.
ALSO READ: China’s Gaming Culture: Here’s How Its Different From The World
Macau’s GGR was also impacted by the ongoing border restrictions that are impacting the visitor count from China. China’s crackdown on cross-border gambling activities also negatively impacted Macau’s gross gaming revenue (GGR). The Suncity Group had to shut down its junket business as the Group’s CEO Alvin Chau was arrested in November, and Levo Chan, Executive Director was detained in January.
As per the data sent by China’s Ministry of Public Security, there were more than 17,000 cases of cross-border gambling and more than 80,000 suspects who were arrested last year.
For more such daily news, keep reading GutshotMagazine.com. Follow us on our social handles Facebook, Twitter, Instagram, and Telegram.
Manthra Koliyer is a writer at Gutshot Magazine. She has an affinity for seeing the world through people’s eyes. With a bubbly fun personality, you can always catch her chatting with anyone she comes across. Holding an English Literature degree from Wilson College, Mumbai, and a Post Graduate Diploma in Journalism from Asian College of Journalism, this pop culture fanatic is ready to take on the world with a pen, paper, and microphone. She also actively works on her personal blog called namasteyconvict.blogspot.com, where for a moment she lets you into her drama-filled world.
Sign-up with Gutshot
Offer: Get extra 28% on all deposits Register
Grab Welcome Bonus
Offer: FTD 50% Bonus Money up to ₹20K. Deposit code ‘ALLIN50’ Register
Sign-up and get bonus
Offer: Up to ₹50,000* Register
Deposit with code GSTDISCOUNT
Offer: Get 100% GST discount on deposits Register
Sign-up with code GUTSHOT
Offer: Get ₹50 FREE Register
First Deposit Bonus
Offer: 100% up to €2,000 Register
Sign-up with Gutshot
Offer: Get 30% Instant Rakeback Register
Daily Winnings Up To ₹40 Crore!
Offer: Get ₹550 Joining Bonus For Free Register
Thank you for subscribing to our newsletter.
This will close in 20 seconds
Thank you for subscribing to our newsletter.
This will close in 20 seconds