The Macau government is expected to collect upwards of USD $13.35 billion in direct taxes from gambling in 2012. The government will also net USD $1.53 billion in indirect taxes, thus increasing total tax revenues to US$14.88 billion, macauhub reports. Last year, operators posted gross revenues of USD $38.017 billion, which was an increase of 13.5 percent over revenues in 2011. In total, all gaming and gambling operations, including greyhound and horse racing, Chinese lottery, scratch cards, and sports betting provided gross revenues of US$38.154 billion for 2012.
The latest news and updates on the Covid-19 (coronavirus) - with regularly updated information relating to new cases, travel restrictions and other information to...
Online sports lottery provider 500 .com has announced that its auditor, Friedman LLP, resigned last week in connection with the Japan bribery case, and...
Online lottery company 500.com said a special investigative committee (SIC) established to probe its role into an alleged bribery scandal in Japan found that there had been no violation of the Foreign Corrupt Practices Act.