Macao officials have reported a rise in casino tax revenues despite a slowdown in gross gaming revenues and a slump in share prices.
According to the Macau Treasury Bureau's latest financial data, the cumulative revenue for the first half of this year amounted to 59.542588 billion patacas ($7.4 billion). The majority of this revenue, 86%, was generated from gaming taxes. This increase in tax revenue comes at a time when gross gaming revenues in Macao have been declining, and share prices of casino operators have been experiencing a downturn.
