It’s not Las Vegas, but he’ll be paying less taxes.
Pinoy boxing champ Manny Pacquiao is set to fight against Chris Algieri on November 22 in Macau.
The report described Algieri as “a former kick boxer from New York who is unbeaten in 20 fights with eight knockouts.”
Algieri’s split decision win last month against Ruslan Provodnikov in a light welterweight title fight was what got him the chance to fight Pacquiao.
“The fight for a piece of the welterweight title held by Pacquiao comes a year after the Filipino headlined the first big fight card in Macau with a win over Brandon Rios,” reports AP’s Tim Dahlberg.
Promoter Bob Arum said Pacquiao “will likely fight at least once a year in Macau the rest of his career.”
Arum was quoted as saying, “If he fights in Macau he’s not subject to U.S. income taxes, which are 39.5 percent.”
The report noted: “Arum said the fight won’t sell as well on pay-per-view in the U.S. as it would if it was in Las Vegas, but that will be offset by lower taxes on Pacquiao’s purse and a bigger site fee from the Venetian hotel-casino.”
HBO publicity photo
