The Macau government’s income from gaming taxes fell 13.3 percent year-on-year in January, reaching MOP8.8 billion (US$1.1 billion), according to data from the Financial Services Bureau (DSF).
The fall in gaming taxes is mostly attributed to the impact of the coronavirus outbreak, which began around the second half of January, just ahead of the Chinese New Year.
Under Macau’s laws, casino operators are required to pay 35 percent of their gross receipts as direct tax. Additionally, they pay around 4 percent in other dues to the government.
It is understood that earlier this week, SJM Holdings chief executive Ambrose So Shu Fai asked the government for tax-relief due to the coronavirus crisis, according to a report from the Hong Kong Economic Journal.
Casinos were permitted to reopen as of the 20th February, but industry analysts have said they don’t expect any meaningful influx of tourists into the city’s casinos for at least a few months.