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Macau's Gaming Revenue Increase Below Expectations

by Mary Swire, Tax-News.com, Hong Kong

04 July 2012


Macau's Gaming Inspection and Coordination Bureau has disclosed that, while gross gaming revenues increased by almost 20% in the first half of this year, the revenue in the month of June alone was below expectations.

According to the Bureau’s figures, gross gaming revenues in the six months to June 2012 rose substantially by 19.8% in comparison with the same period last year, to MOP148.73bn (USD18.62bn).

However, looking at the monthly figures, the annual increase has been decreasing, such that June’s figure of MOP23.33bn, while showing a 12.2% increase over June 2012, was 10.5% down compared with the previous month, and the lowest since November 2011. The growth in revenues has slowed markedly since the annual increase in January 2012 of almost 35%.

It had been expected that June’s revenues would show, at least, a 15% increase over the same month last year, but the fall in high-spending tourists from China, arising out of its reduced growth and restricted credit conditions, appears to be having its effect.

A comprehensive report in our Intelligence Report series examining the new possibilities that offshore e-commerce open up for business, and analysing the offshore jurisdictions that have led the way in offering professional e-commerce regimes for international business, with a particular focus on e-gaming, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report6.asp
TAGS: tax | business | China | Macau | offshore | gambling | offshore e-gaming | revenue statistics

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