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Macau Contributed Massive Gambling Tax
Posted 2/21/11 : China's gambling island delivered 62.3 percent more tax revenue in January 2011
According to data released by the Finance Services Bureau of the Macau Special Administrative Region, the gambling island off the coast of China generated a 62.3 percent increase in tax revenues in January 2011 over the comparative period in 2010.
Gaming taxes accounted for 85.9 percent of Macau's total receipts in January; the total revenue of the city rose 61.3 percent to 8.06 billion patacas ($1 billion), while its total expenditure jumped 225.3 percent to 1.71 billion patacas ($213 million).
The huge increase in expenditure was mostly due to higher transfer payments to the government's autonomous entities and the payment of so-called wealth-share handouts to residents last year, according to a report in the newspaper China Daily.
Land casinos licensed in Macau pay 35 percent of their gross revenues as direct tax to the government.
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US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
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The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
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NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
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Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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