• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Wednesday 16 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Casino tax rates, license exclusivity on the agenda as Singapore passes new Gambling Duties Bill

Ben Blaschke by Ben Blaschke
Tue 11 Jan 2022 at 05:26
NCPG survey finds Singapore gambling rates, spend trending down
140
SHARES
3.5k
VIEWS
Print Friendly, PDF & Email

Singapore’s parliament has passed a new Gambling Duties Bill which will see casino tax rates raised and the exclusivity period of the state’s two IRs extended until 2030, among other amendments to the Casino Control Act.

The amendments, aimed at consolidating some of Singapore’s gambling law, were first proposed in 2019 under agreements signed by operators Las Vegas Sands and Genting Singapore with the Singapore Tourism Board for expansion of their respective IRs – Marina Bay Sands and Resorts World Sentosa.

Under changes to be made to the Casino Control Act by implementation of the new Gambling Duties Bill, a new tiered tax system will come into force which will see the current 15% tax rate for mass gaming increased to 18% for the first SG$3.1 billion in GGR and 22% for any amount above.

Premium gaming, currently taxed at 5%, will increase to 8% for the first SG$2.4 billion and 12% thereafter. Premium revenue is defined as that derived from customers with at least SG$100,000 deposited in their casino accounts.

However, the exclusivity period on Singapore casino licenses has also been extended by 10 years until 31 December 2030 and there is a guarantee that tax rates will not rise again until at least 2032.

A 50% increase to the entry level for locals was implemented immediately upon signing the 2019 agreements, with the levy for each 24-hour period increased from SG$100 to SG$150 and for a 12-month period from SG$2,000 to SG$3,000.

Debate over the Bill on Monday also saw questions raised over the timing of the IR expansion projects amid construction delays due to COVID-19.

As reported by Inside Asian Gaming at the time, LVS President and COO Patrick Dumont said in July 2021 that the company was unsure whether it could meet its 2025 deadline for completion of the SG$4.5 billion (US$3.3 billion) expansion of MBS – which includes the addition of a fourth hotel tower – due to “a fair amount of uncertainty around the timing and availability of when we can actually get things done.

“A lot of the early parts of this project require us to work with certain government agencies – to seek their approval and work with them collaboratively – to ensure that we fulfil our obligations and their desires as part of this project,” Dumont said.

According to The Straits Times, Singapore’s Minister of State for Trade and Industry Alvin Tan said Monday that such delays are “not altogether surprising, nor unique to this project or this industry. COVID-19 has affected construction timelines, both locally and globally.”

However, he said it was vital that all parties press ahead with the expansion plans, adding that the IRs remain committed to the new developments.

“Most of the offerings are catered towards tourism and towards developing this capability for when tourism and travel resume, and we must be prepared to take that uplift and to carry that wind when it comes,” he said.

RelatedPosts

A deeper look at how Singapore introduced casino gaming: possible lessons for Thailand

A deeper look at how Singapore introduced casino gaming: possible lessons for Thailand

Fri 11 Jul 2025 at 07:15
Marina Bay Sands optimizes manpower with deployment of 12 autonomous robots for back-of-house deliveries

Marina Bay Sands optimizes manpower with deployment of 12 autonomous robots for back-of-house deliveries

Wed 18 Jun 2025 at 14:40
Marine attraction Singapore Oceanarium to open at Resorts World Sentosa on 23 July

Marine attraction Singapore Oceanarium to open at Resorts World Sentosa on 23 July

Mon 26 May 2025 at 14:40
Singapore’s Changi Airport now Asia’s busiest airport as Hong Kong falls further behind

Singapore’s Changi Airport Group sees profit double in 2024 on all-time passenger movements record

Fri 23 May 2025 at 06:10
Load More
Tags: Casino Control Actcross-border gamblingexpansionintegrated resortsMarina Bay SandsResorts World SentosaSingaporeSingapore Tourism Board
Share56Share10
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Corona shines

Vietnam eyes permanent exemption allowing casino gambling for locals in Phu Quoc

by Ben Blaschke
Tue 15 Jul 2025 at 17:00

In a move that would mark a substantial shift in national policy, Vietnam is said to be considering a permanent lifting of restrictions on locals gambling at Phu Quoc’s Corona Resort & Casino. According to a report by VietnamNet, Deputy...

New Zealand’s Online Casino Bill passes first parliamentary reading

New Zealand’s Online Casino Bill passes first parliamentary reading

by Ben Blaschke
Tue 15 Jul 2025 at 13:59

New Zealand’s Online Casino Bill, which seeks to legalize and regulate online casino gaming, has passed its first reading in Parliament. The government reiterated via a statement issued Tuesday that the bill is aimed at protecting the many players who...

Starr Xian: Human Factor

China’s GDP grows 5.3% in first half of 2025, in line with expectations

by Pierce Chan
Tue 15 Jul 2025 at 12:30

China’s National Bureau of Statistics has released figures showing that Gross Domestic Product (GDP) grew 5.3% year-on-year in the first half of 2025, in line with market expectations. Sheng Laiyun, Deputy Director of the National Bureau of Statistics, said at...

Casinos Austria hit with fine for unlawful use of junket agent at Cairns casino

Hospitality firm Iris Capital formalizes US$116 million offer to acquire Australia’s The Reef Hotel Casino

by Newsdesk
Tue 15 Jul 2025 at 06:08

Reef Casino Trust, the operator of Australia’s The Reef Hotel Casino in Cairns, said Monday that it has entered into a Takeover Bid Implementation Agreement that will, if completed, see the property acquired in full by hospitality group Iris Capital...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English