Macau gaming tax revenue down 20.9 percent in Jan/Feb.

The Macau government collected 20.9 percent less tax from gaming in the first two months of 2016 compared to the same period in 2015, according to Macau’s Financial Services Bureau.

According to the report, the first two months saw MOP 13.4 billion (US$1.7 billion) collected in direct taxes from gaming, compared to MOP 17 billion in 2015.

Overall revenue from taxation dropped 21.7 percent to MOP 15.9 billion in 2016 from MOP 20.4 billion in 2015.

The reduction in tax revenue from gaming comes in on the back of declining gross gaming revenue in the city. Macau’s Gaming Inspection and Coordination Bureau recently reported March’s GGR was down 16.3 percent year on year, representing the gaming hub’s 22nd consecutive month of decline.

In 2015, the Macau government collected MOP 84.4 billion from direct taxes on gaming, a drop of 34.5 percent in comparison to 2014.