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Macau Gambling Taxes Down
Wednesday February 18,2015 : MACAU GAMBLING TAXES DOWN
Taxman feels the pain of the gambling island's reduced business in January.
The Macau taxman felt the pain of the drop in gambling business on the island during January, reporting that tax revenues declined 27.5 percent.
The Financial Services Bureau reported total tax revenue of MOP10.50 billion ($1.3 billion), around $475 million less than during the same period the year before.
Direct taxes from gaming brought in $1 billion, dropping by 29.7 percent from $1.5 billion last year.
A tax of 35 percent is applied on gross gaming revenue by the government, along with a 4 percent tax on gross in indirect taxation.
Financial observers attributed to lower tax harvest to lower gaming activity.
Gambling News :
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
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.
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