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Home >> Business
UPDATED: 10:56, May 23, 2006
Macao's casino taxes see year-on-year rise in first four months
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The government of the Macao Special Administrative Region has collected 6.10 billion patacas (763 million U.S. dollars) in direct gaming taxes in the first four months, a year-on-year rise of 15.7 percent.

The statistics issued Tuesday by the Finance Services Bureau ( FSB) showed that the gaming taxes accounted for 75.4 percent of the government total revenue in the period.

Macao's direct gaming taxes reached a record 16.56 billion patacas (2.07 billion U.S. dollars) in 2005, a year-on-year rise of 12 percent, according to official statistics issued earlier this year.

Macao's 21 casinos pay 35 percent of their gross receipts as direct tax to the government.

The region, with a population of over 480,000, has a 150-year history of gaming industry and is the only part of China where casino gaming is legitimate.

Source: Xinhua


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