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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 :
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
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