raging bull casino desktopThe increase in gaming taxes comes as a bit of a surprise considering that casinos’ gross gaming revenue (GGR) January through March is down 0.5 percent at .42 billion.The agency reports that there were 41 casino floors in operation during the quarter. Macau lawmakers are reviewing every aspect of its gaming industry in hopes of perfecting the regulatory environment.The regional government is also working with leaders in nearby Hong Kong, as the “Greater Bay Area Plan” continues. Casino taxes in Macau accounted for 87.6 percent of all money received by the Special Administrative Region (SAR) government in the first three months of 2019. slot players in casino(Image: Macau Government)Statistics released by the Macau Financial Services Bureau reveal that the government has received MOP29.64 billion (.67 billion) from the gaming industry in the first quarter of the year. Nearly 90 cents of every dollar received by the Macau government comes from a casino floor. Following People’s Republic President Xi Jinping’s directive to law enforcement to better monitor and regulate VIP junket groups that bring mainland high rollers to the enclave, casino operators began better diversifying their resorts in an effort to reach a new demographic.Economic analysts say Macau would be smart to become a more mass market tourism destination than being chiefly known as the world’s richest gaming hub.Authorities have the opportunity to further advance their growth strategy and should craft the new regulations with stronger incentives for operators to expand non-VIP tourism,” the International Monetary Fund (IMF) said in its annual review.Despite the advancements, the tax data shows that casinos remain Macau’s bread and butter.Macau FutureVIP casino win once accounted for more than 70 percent of total gross gaming revenue in Macau. blackjack choctaw casino

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