Macao's gaming receipts up in first 8 months
(Xinhua)
Updated: 2006-10-16 15:00
MACAO, October 16 (Xinhua) -- Macao's gaming and betting industry logged
gross receipts of 34.71 billion patacas (US$4.34 billion) in the first eight
months, a year-on-year rise of 12.6 percent.
The statistics issued Monday by the government-run Statistics and Census
Service (SCS) showed that in August alone, the gaming and betting business
recorded gross receipts of 4.67 billion patacas (US$584 million), setting a new
monthly record.
The previous monthly record stood at 4.62 billion patacas (US$578 million) in
this March.
Macao's 22 casinos pay 35 percent of their gross receipts as direct tax to
the government.
The region, with a population of over 500,000, has a 150-year history of
gaming industry and is the only part of China where casino gaming is legitimate.
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