Gov’t predicts falling casino tax revenue

Inside The G2E Asia Global Gaming ExpoThe amending budget proposal, which will be voted upon at the Legislative Assembly on Wednesday, includes a 30 percent cut in revenues derived from gambling taxes. According to the proposal, the government expects to cash in MOP84 billion derived from the casino tax revenue. In the budget announced in November 2014, revenue was estimated to be around MOP115 billion. The note accompanying the budget proposal indicates that the gaming revenue is facing a downward trend, but no motives are given. It is indicated, however, that “there are substantial changes to the economic environment.” The Secretary for Economy and Finance, Lionel Leong, will present the relevant policy address at the Legislative Assembly today.

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