Inside Asian Gaming reports figures released by the Financial Services Agency to indicate that the Macau government collected $4.95 billion

The revenue level represents a 237% increase from the same month a year earlier, when it reported revenue of $1.47 billion ($182 million). Game tax revenue figures for April 2023 are also 23% higher than levels reached in March.

Accelerating the Casino Industry:

The increase in government-collected tax revenue was the result of the Macau game industry accelerating across all concessions and land-based operators, raising the casino industry's total gaming revenue to $14.72 billion ($1.82 billion) in April from $12.74 billion ($1.58 billion) in March.

Sources said the April tax revenue figures represent the industry's March gross revenue, which occurred in April in the Macau casino industry could expect the Macau government's May tax revenue to be collected about 15% more than the previous month, but the May tax figures have yet to be released.

Tax revenue of $1.87 billion in 2023:

The Macau government has so far generated $15.1 billion ($1.87 billion) in game tax revenue, 48% more than revenue generated in the first four months of 2022. The figure is also 29.6% of the government budget of $50.85 billion ($6.3 billion) for fiscal 2023.

The source also reported that the Macau government generated a total of $20.1 billion ($2.49 billion) in revenue for the month of April, meaning that the game tax collected in April contributed 75.1% to the overall revenue earned in the region during the observation period.

booming industries:

As mentioned earlier, the strong April numbers extend Macau casino industry's best first quarter over the past three years. The region reopened its gaming facilities on January 8, 2023, after being heavily affected by the COVID-19 pandemic and related regulations, and the industry began to boom again, already recording over 80% year-over-year growth in January. Easier entry from mainland China, Hong Kong and abroad also supported growth.

Strong revenue growth:

As a result, the Macau game industry's total game sales in the first quarter of 2023 increased 94.9% year-over-year to 34.6 billion MOPs ($4.29 billion), and April sales were $1.82 billion, accounting for about 42% of total game sales in the first quarter of 2023, contributing to revenue of $613 million. 바카라사이트 추천