PAGCOR Funds New MPEC, Macau Gaming Tax Report 2021 and More

PAGCOR will fund a permanent disposal facility

PAGCOR has launched a $50 million ($973,112) Multipurpose Evacuation Center (MPEC) in the city of Victoria that will serve as a temporary shelter.

Prior to the opening of MPEC in Victoria, PAGCOR had allocated 125.4 million pesos to four local government units, so that they could begin construction of evacuation centers in their respective locations.

PAGCOR President and CEO Andrea Domingo said, “As PAGCOR expands the reach of its MPEC project, we feel a sense of pride and fulfillment as we know that our efforts to help build the nation are not in vain. This project will not only help save the lives of people in disaster-prone areas, but also serve as a place for community empowerment. »

Municipal Mayor of Victoria, Christian Tell Yap, said, “We are grateful to PAGCOR for providing these types of projects to municipalities that are financially challenged to procure these facilities.

In total, PAGCOR granted 1.74 billion pesos for the construction of 72 MPECs in several regions of the country.

Macau Gaming Tax Report for 2021

The Macau Financial Services Bureau has released its gambling tax report for 2021, showing MOP$33.91 billion ($4.22 billion) in gambling tax for the year.

The number represents a 14% increase from the amount raised for 2020; however, it is below the MOP$50 billion that was expected.

This project will not only help save the lives of people in disaster-prone areas, but also serve as a place for community empowermentPAGCOR CEO Andrea Domingo

According to the annual budget for 2022, the gaming tax is expected to amount to MOP$49.76 billion. The government has already collected a gambling tax of MOP$4.26 billion for January, a year-on-year increase of 1.5%.

According to the Gaming Inspection and Coordination Office, the final gaming tax figure for 2021 represents a 44% improvement from 2020, but a 70% drop from 2019.

Gross gaming revenue suffered in 2021 due to ongoing border restrictions. The data showed fewer than eight million visitors for 2021, representing an 80% decrease from 2019.

Regulator says Crown Sydney could open soon

According to a statement from the Independent Liquor and Gaming Authority, New South Wales’ casino regulator, the Crown Sydney resort casino has a chance to open in the coming weeks.

A spokesperson for the regulator said: “It is expected that the Authority will clear Crown to begin conditional gambling within the next few weeks.”

Crown added: “Although no official opening date has been confirmed for the opening of games in Sydney, Crown aims to be in a position to announce the opening of the arcade soon. “

NSW Government welcomes first wave of international visitors

A total of 27 flights (from the US, Japan, Singapore, Canada, New Zealand and Fiji), representing around 5,000 passengers, passed through Sydney International Airport over the weekend -end.

Arrivals were greeted with music and images from the Destination NSW Feel New tourism campaign; and New South Wales Premier Dominic Perrottet suggested the return of overseas visitors would boost tourism, travel and investment.

Before Covid, NSW’s visitor economy was one of Australia’s largest, contributing A$38 billion ($27 billion) annually and supporting more than 100,000 businesses and around 300,000 jobs.

All foreign tourists arriving in Australia must provide proof that they are doubly vaccinated. Unvaccinated travelers must apply for a travel exemption and submit to hotel quarantine for seven days, if they are to obtain permission to enter the country.

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