actual tax due based on the lower gross revenue achieved. Tis means that if a gaming table or machine does not generate the expected minimum gross revenue, the concessionaire will be required to pay the difference as a special premium. Subsequently, on August 26, 2022, Chief Executive Dispatch 162/2022 set the annual minimum limit of gross revenues for each gaming table and gaming machine at MOP7m and MOP300, respectively.
Tere were no changes in the special gaming tax, which was kept at 35 per cent on the gross gaming revenue with special contributions set at five per cent, with casino concessionaires required to contribute to two separate funds based on their annual gross gaming revenue. Te first fund is for the promotion, development, or study of cultural, social, economic, educational, scientific, academic, and philanthropic initiatives. It receives an annual contribution of two per cent of the GGR. Te second fund is allocated to urban development, tourism promotion, and social security, and it receives an annual contribution of three per cent of the GGR.
Nonetheless, the Chief Executive has the authority, as stated in Chief Executive Dispatch No. 216/2022 issued on August 26, 2022, to
P68 WIRE / PULSE / INSIGHT / REPORTS
There were no changes in the special gaming tax, which was kept at 35 per cent on the
gross gaming revenue with special contributions set at five per cent, with casino
concessionaires required to contribute to two separate funds based on their annual gross gaming revenue. The
first fund is for the promotion, development, or study of cultural, social, economic, educational, scientific, academic, and philanthropic initiatives.
reduce or exempt the special contributions under certain circumstances. Tese circumstances include the expansion of customer markets by the casino concessionaires and the occurrence of extraordinary, unforeseen events or force majeure that negatively impact the overall economy of the Macau Special Administrative Region (MSAR) and the operation of the casino concessionaires. Te referred Dispatch states that a reduction or exemption takes into consideration the calculation of the gross gaming revenue generated by the expansion of foreign customers’ markets by casino concessionaires.
Additionally, the Chief Executive has the power to establish a maximum number of gaming tables and machines. He has done so with the Dispatch 161/2022, setting the annual maximum limit at 6,000 and 12,000, respectively.
Any changes to this number must be authorised by the Secretary for Economy and Finance, who considers several factors, including:
1. Te overall economic situation of the Macau SAR.
2. Government policies related to the development of the gaming industry.
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