Macau’s gambling industry resembles an oligopoly. It is controlled by six operators that were granted 20-year licenses. The gambling bonanza continues and these operators rake in tens of billions of dollars annually. This makes them hardly complain about the 40% tax rate China imposed on gambling revenue in Macau.
Singapore is one of the competitors. It taxes the casinos from as little as 12.5 % to still relatively low 22.5%, depending on gambling type (i.e, high roller vs. small bettor). Nevada casinos pay as little as 6.75% on their revenues.
Other countries entering the race for casinos include Philippines, Vladivostok in Russia and maybe North Korea.