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Macau Mulls Casino Tax Cut as Gaming Revenue Plummets

May 14, 2022, 3:19 AM

Macau is considering revising a casino bill, including a potential cut on some of the world’s heftiest gaming taxes, as the gambling hub faces plunging revenue amid China’s Covid lockdowns.

Share prices of the city’s licensed casino operators soared in the US on Friday after Macau media first reported the proposed revisions. Las Vegas Sands Corp. and Melco Resorts & Entertainment Ltd. each rose 15%, while Wynn Resorts Ltd. jumped 13%.

The Chinese enclave is willing to consider a tax cut of as much as 5% on casinos’ gaming revenue, if they are able to bring in players from outside ...

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