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Macau predicts 2019 gaming tax revenues to top $11 billion

In Macau, government officials have reportedly announced that they expect to collect some $11.28 billion in direct taxes from gaming next year in order to take the city’s fiscal surplus for the twelve-month period to well over $2.23 billion.
Year-on-year growth:

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According to a Wednesday report from GGRAsia, the revelation came as part of the enclave’s draft budget for 2019 and would see tax revenues amassed from gaming during the period surpass the $10.21 billion predicted for the entirety of this year.
Earlier forecast surpassed:
GGRAsia reported that direct taxes from gaming accounted for 80.5{522d76253aeb33544b9e83c04265eaf0fb4e5bf325eed90620a3bcf78c6801a7} of Macau’s total tax revenues for the ten months from January with the figure for the period rising by 15.6{522d76253aeb33544b9e83c04265eaf0fb4e5bf325eed90620a3bcf78c6801a7} year-on-year to stand at in excess of $10.93 billion, which is some 7{522d76253aeb33544b9e83c04265eaf0fb4e5bf325eed90620a3bcf78c6801a7} above the earlier prediction.

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Tolerable taxes:
Macau is home to some of the world’s largest and most famous gambling venues including the iconic Casino Grand Lisboa from SJM Holdings Limited and Melco Resorts and Entertainment Limited’s $3.2 billion Studio City Macau. All of these operations are reportedly required to pay a 35{522d76253aeb33544b9e83c04265eaf0fb4e5bf325eed90620a3bcf78c6801a7} gross gaming revenues tax alongside smaller duties for every live dealer table, gaming machine and VIP room they manage.
Aggregated gross gaming revenues rise:
The source further detailed that ten-month aggregated gross gaming revenues in the former Portuguese colony had swelled by 14.3{522d76253aeb33544b9e83c04265eaf0fb4e5bf325eed90620a3bcf78c6801a7} year-on-year to reach over $31.17 billion and that this has led to a fiscal surplus for the period of around $6.15 billion. If this trend continues, it explained that the city’s total budgetary excess come the end of 2019 could well surpass $15.17 billion.