Macau loses over 70 billion patacas in gambling tax by October - Plataforma Media

Macau loses over 70 billion patacas in gambling tax by October

The Macau Government collected 24.34 billion patacas (2.58 billion euros) until October in direct taxes on gambling, a drop of almost 70 billion patacas, in an annual comparison.

A year ago, Macau had revenues of MOP 94.03 billion (MOP 9.98 billion).

However, due to the Covid-19 pandemic, the territory’s economy, highly dependent on tourism and casinos, is practically paralyzed.

Total revenues, according to official data released today, amounted to around 80 billion patacas (8.49 billion euros) until October.

Read more in Portuguese at Plataforma.

This article is available in: Português

Related posts
EconomyMacao

Macau: Legislator demands action against 'collusion' between casinos, officials

ChinaEconomy

Macau continues to open tender for new gambling concessions despite pandemic

EconomyMacao

Las Vegas Sands mulling Vegas casinos sale to fund Asia expansion

ChinaSociety

Huawei posts 10 percent revenue growth in first nine months

Subscribe to our Newsletter.