Tax incentives eyed for casinos to broaden sights

Macau is willing to consider a tax cut of as much as five percentage points on a casino’s gross gaming revenue if the SAR’s operators are able to bring in players from outside China.

Chan Chak-mo, president of a committee of the Macau legislature that is currently scrutinizing a draft bill to amend the gaming law, noted that the administration currently taxes casino operators about 40 percent of their gaming revenue.

The Macau administration believes the SAR has been relying on the mainland too much as a source of gambling customers, Chan said following a closed-door meeting with other officials.

Other proposed relaxations include allowing so-called “satellite casinos” to continue operations.

These casinos are gambling spaces in properties owned and managed by third parties who piggyback on gaming operators’ licenses.

The administration had proposed banning operators from running gambling areas in properties not owned by them, meaning they would need to either buy the venues from their third-party partners or crease their collaborations.

Source: https://www.thestandard.com.hk/section-news/section/2/241672/Tax-incentives-eyed-for-casinos-to-broaden-sights