Inside Asian Gaming

IAG OCT 2020年10月 亞博匯 44 IN FOCUS due to much lower gaming taxes. As a result, both junkets and their agents have demonstrated a greater propensity to take their players abroad in recent years which has in turn driven strong VIP growth in jurisdictions such as Cambodia and the Philippines. A ban on proxy betting in Macau combined with its stronger regulatory requirements also make some other jurisdictions an attractive proposition for many of these gaming promoters. 49% 46% 44% 44% 49% 50% 7% 4% 6% 0% 50% 100% 2011 2013 2015 2017 2019 2011 2013 2015 2017 2019 2011 2013 2015 2017 2019 2011 2013 100% 0 角子機 中場 貴賓博彩 SLOTS MASS TABLE VIP MACAU GAMING SEGMENT MARKET SHARE BY OPERATOR (2011-2019) 澳門各大營運商於博彩各分部所佔市場份額 收入分成協議一般讓中介人和營運商以四六對分的方式分 拆博彩總收入，然而營運商依然需要在向中介人支付分成前繳交 澳門向所有博彩收入徵收的39%博彩稅。 亦是這個原因，令到營運商從中介投注所取得的利潤非常之 低。當營運商繳付39%的稅率，同時支付高達44%的收入分成或 佣金，以及包括荷官、保安、電費等等的營運成本後，他們從中介 賭廳得到的利潤率只是有大約10%左右。相反，營運商從高級玩 家的直接投注就可得到大約40%的利潤，這是因為雖然營運商還 是需要付出一些包括酒店客房或玩家積分等的優惠，但他們並不