Downsized July casino tax tally for Macau
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The over 40 casinos in Macau contributed just over $319.63 million in aggregated gaming taxes for July. The final tally represented a decline of about 24% when compared with the average pre-pandemic monthly total of roughly $408.28 million.
Macau is home to some of the world's largest and most famous gambling venues. The casinos are required to pay a 35% gross gaming revenues tax.
The Macau collected $2.45 billion in casino gaming taxes for the first six months of the year. July's tally pushed this up to approximately $ 2.77 billion. This is 55.6% lower than the $6.24 billion budgeted by the government. However, the aggregated gross gaming revenues for this period swelled by 29.2% month-on-month to reach $1.05 billion, according to the regulator.
Taxes from casino gaming have earned the government of Macau 73% of its annual cash. The progress was endangered in June when the city's leaders reacted to a small outbreak of coronavirus in neighboring China.
Macau instituted a mass testing blitz of residents early last month after it chalked up its first positive coronavirus case in over a year.
