• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 28 September 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

As online gaming surges, Newport CEO Rodriguez says IRs must remain central to the Philippines’ tourism ambitions

As online gaming surges, Newport CEO Rodriguez says IRs must remain central to the Philippines’ tourism ambitions

Thu 11 Sep 2025 at 05:26
VIDEO: IAG chats with StarDream Cruises President Michael G. Johansen

VIDEO: IAG chats with StarDream Cruises President Michael G. Johansen

Wed 10 Sep 2025 at 22:22
Editorial – Beware the Lion King

Macau’s Galaxy Entertainment Group opens new office in Singapore

Tue 2 Sep 2025 at 05:05
Asia market roundup

Asia market roundup

Thu 28 Aug 2025 at 12:26
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 – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

IEC issues profit warning on widened losses through December 2021

IEC falls to US$36 million loss in FY25 but 200% increase in gaming revenues suggests bright future for Manila IR project

by Ben Blaschke
Sat 27 Sep 2025 at 11:56

Hong Kong-listed International Entertainment Corp (IEC) said it remains confident in the long-term prospects of its Manila hotel and casino project after booking a 200% year-on-year increase in gaming revenue in the 12 months to 30 June 2025. While increased...

1xBet celebrates role as industry flagship at SBC Summit 2025

1xBet celebrates role as industry flagship at SBC Summit 2025

by Newsdesk
Sat 27 Sep 2025 at 11:32

Global sports betting brand 1xBet has celebrated its participation in this year’s SBC Summit, noting that its standing as Premium Sponsor highlighted the company’s role in industry growth and the significance of the European region for the brand. 1xBet said...

Football the focus as Vietnam revises sports betting decree

Vietnam considering revised US$380 daily betting cap on international football

by Newsdesk
Sat 27 Sep 2025 at 09:06

Vietnam’s Ministry of Finance wants to update the maximum amount individuals can bet on international football matches per day, with the current VND1 million (US$38) allowed per category to be replaced by a daily limit of VND10 million (US$380), according...

FBM to unveil multiple slot title premieres at G2E in Las Vegas

FBM to unveil multiple slot title premieres at G2E in Las Vegas

by Newsdesk
Sat 27 Sep 2025 at 08:45

Industry supplier FBM has outlined the product range it will showcase at the upcoming Global Gaming Expo (G2E) in Las Vegas, headed by new slot titles “Lanterns of Fu” and Hippo’s Lock”. Located in Booth 2848, FBM said it would...

Your browser does not support the video tag.


IAG

© 2005-2025
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

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English