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Home >> Business
UPDATED: 17:00, August 22, 2005
Macao's casino tax income soars
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Macao'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 Monday.

Statistics released by the Finance Service Bureau showed that the gaming tax reached 9.5 billion patacas (1.19 billion US dollars) during this period. The direct gaming tax payments made up 76.2 percent of the government's total income between January and July.

Macao'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, Macao 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.

Source: Xinhua

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