Home Economy Macau loses over 70 billion patacas in gambling tax by October

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.

Contact Us

Generalist media, focusing on the relationship between Portuguese-speaking countries and China.

Plataforma Studio

Newsletter

Subscribe Plataforma Newsletter to keep up with everything!