Tag Archives: entry fee
Singapore – Increase in entry fees sees local play fall to 2.7 per cent of local population
Singapore’s Casino Regulatory Authority (CRA) has said it has achieved its goal of lowering the number of locals on gaming floors at Marina Bay Sands and Resorts World Sentosa with the 50 per cent increase in the entry fees introduced in April 2019. The entry fee for 24 hours of gaming was increased from SG$100…
Singapore – Singapore’s expanding casinos hit with entrance fee and tax hikes
Entrance fees for locals going into Singapore’s two casinos have doubled with immediate effect in a move expected to wipe 15 per cent off the revenues of one operator. The levy has been increased from SG$100 to SG$150 for saying local attendance on the country’s two gaming floors has ‘declined significantly’ with the problem gambling…
Sri Lanka – Sri Lankan casinos facing licensing, entry fees and taxation increases
Casino operators in Sri Lanka will be hit by a triple whammy with Finance Minister Mangala Samaraweera confirming that licensing fees, entry fees and taxation will all be increasing in the coming months. Sri Lanka is to increase its annual licence fee for casinos from LKR200m to LKR400m (US$2.2m). There will also be a turnover…
Japan – Komeito wants to quadruple Japan’s casino entry fee
One of Japan’s political parties, Komeito, the junior coalition partner to the ruling Liberal Democratic Party, wants to set a minimum ¥8,000 (US$75) entry fee for Japanese residents to enter the country’s casinos. The amount is four times higher than the ¥2,000 fee put forward by the LDP and is more in line with the…
Philippines – Philippines keen on raising casino entry fee
The Philippine’s Department of Finance wants to increase the entry fee for casinos to P1,500 from the current fee of P100. The National Tax Research Center (NTRC) has stated that higher entrance rates would discourage players with low-incomes from visiting casinos. In a report called “Proposed imposition of casino entrance fee,” the NTRC said: “Notwithstanding…
Sri Lanka- New tax to replace entrance fee in Sri Lanka
Sri Lanka’s four casinos will be hit with increased taxation to counter the abolition of the entry charge brought in earlier in 2015. Casino license fees will though be doubled as a result with a new 25 per cent tax on gaming profits also being introduced. Minister of Finance, Ravi Karunanayake, confirmed the move, saying:…
