Macau received 51.55 billion in gaming taxes between January and October

Tax revenues from the gambling market in favor of Macau reached 51.55 billion patacas (571.7 billion rubles) in the ten past months of 2023. The information was released by the city’s Financial Services Bureau.

This amount was 215.7% higher than the amount of taxes received by Macau for January-October 2022. At the time continuedhouse amounting to 17.21 billion patacas (over 190 billion rubles).

In January, the government signed new ten-year contracts with Macau casino operators. They give gambling companies the right to conduct legal business in the city. This system of concessions (agreements) provides for taxation of gross gaming revenue at 40%.

In the first ten months of 2023, the total gross gaming revenue of the Macau gaming market amounted to 148.45 billion patacas (1.65 trillion rubles). The result was 315.6% higher than the figure for the same period of the previous year. Based on the government’s budget plan, the volume per






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