Following the recent announcement of Macau’s authorities that this Chinese Administrative Region would be gradually opening up for visitors from abroad and from mainland China, Macau is to create distinct zones on its casino floors and designated gambling chips that will be solely used by players from overseas.
New gaming tax system:
This decision represents a part of the new gaming tax system effective from January 1 anticipating the 40 percent government levy on gross gaming revenue (GGR). However, casino operators could expect up to 5 percent relief within the scope of the proposed gaming tax system, with such exemption applicable to GGR generated by foreigner players coming outside of mainland China,…