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, around 86%, was generated from direct taxes on gaming and 9% from indirect taxes.
Despite the challenges faced by the industry, the increase in tax revenues showcases a positive trend for Macao's casino sector.
