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2016 Macau Gambling Tax Revenue
MACAU TAX REVENUE DOWN SO FAR IN 2016
Declining tax revenues reflect a struggling gambling sector.
Falling tax revenue so far this year in the gambling island of Macau has illustrated from another perspective the impact on the local gambling sector of the Chinese central governments crackdown on corruption and ostentatious spending, and a slower economy.
The Macau Financial Services Bureaus latest figures show that gambling sector tax revenue fell 14.1 percent in the first five month of 2016 to MOP 33 billion (US$4.1 billion), reducing the overall tax revenue for the island during the period to MOP 40 billion – a decline of 14.3 percent compared with the same period in 2015.
The island government claims that it anticipated and planned for the decline, with Secretary for the Economy and Finance, Lionel Leong, revealing that government planners predict that Macau land casino GGR will reach MOP 200 million by the end of this year, based on the performance in the first five months, and that the decline has been less in year-on-year terms than many expected.
Gambling News :
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
PartyPoker Exits Australia -
From 31st August 2017 partypoker players will no longer be able to play from Australia. Players’ deposited funds are safe and available for withdrawal.
Mercury Poker Live on Indian Poker Network -
Mercury Poker Live on MPN's Indian Poker Network. MPN India, established in 2015, is a ring-fenced poker network dedicated to the Indian market and operating exclusively in Indian Rupees.
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