Macau's casino tax income soars
22/8/2005 15:04
Macau's income from direct gaming tax rose 23.4 percent year-on-year in
the first seven months of this year, according to statistics issued in Macau
Monday.
Statistics released by the Finance Service Bureau showed that the
gaming tax reached 9.5 billion patacas (US$1.19 billion) during this
period.
The direct gaming tax payments made up 76.2 percent of the
government's total income between January and July.
Macau's 17 casinos pay 35
percent of their gross revenues as direct tax to the government, according to
the official figures.
With a population of nearly 470,000, Macau is the only
region in China where casinos are legal. Local observers expect the number of
casinos to exceed 20 within the next two years.
Xinhua News
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