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Macau Collects Record Gambling Revenues

2 March 2004

MACAU – As reported by the Ponto Final: "The Macau government collected a record 10.17 billion patacas (US$1.27 billion) in casino gross-revenue tax last year, an increase of 33 per cent on 2002, the Macau Finance Services Bureau said on Tuesday.

"According to the bureau, the government's receipts from casino gross-revenue tax amounted to 71.2 per cent of its total revenue last year.

"…Meanwhile, according to a gaming-industry insider source, Macau's 12 casinos logged a record gross revenue of some 5.7 billion patacas in the first two months, an increase of 43 per cent on the same period last year.

"…Gaming and tourism are estimated by government economists to have generated at least 40 per cent of Macau's gross domestic product last year…"

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