Singapore FY2022-23 casino-levy take above pre-Covid
· 2023-11-11

Singapore FY2022-23 casino-levy take above pre-Covid

The aggregate amount of money raised in the fiscal year to March 31 from those required to pay Singapore’s casino entry levy, surpassed pre-Covid-19 fiscal years, according to the Singapore Totalisator Board, the body responsible for collecting it.

The actual amounts payable either for 24-hour access or a year pass, went up 50 percent in April 2019, prior to the pandemic.

The fees gathered in the latest reporting period came to SGD147.31 million (US$108.85 million), compared to the nearly SGD125.47-million in fiscal year 2021-22, showed the Tote Board’s latest financial statements filed on November 2.

The casino entry levy is payable by any Singapore citizen and permanent resident wishing to use the gaming facilities either at Resorts World Sentosa, operated by a unit of Genting Singapore; or at Marina Bay Sands, run by a unit of Las Vegas Sands Corp.

Total levy fees gathered had been SGD114.07 million in fiscal year 2020-21; SGD116.61 million in fiscal year 2019-20; nearly SGD124.93 million in fiscal year 2018-19; and nearly SGD130.9 million in fiscal year 2017-18, according to the Tote Board’s previous financial statements.

The Singapore authorities announced in April 2019 – at the same time as extending the casino duopoly until 2030 – an increase to casino entry levies for locals, as part of the city-state’s policy of “minimising the social impact of problem gambling”.

Their 24-hour acccess fee went from SGD100 to SGD150, and the annual pass from SGD2,000 to SGD3,000.

In 2018, a total of 127,000 people defined as either Singapore citizens or permanent residents – referred to collectively locally, as ‘SCPRs’ – visited a casino in the city-state, where there is a service-provider duopoly.

By 2020, the annual number had gone down to 79,000. The tally recovered to 104,000 in 2022, though Singapore’s overall population, and the universe of those classified as either Singapore citizens or permanent residents have also seen adjustment over time, the authorities point out. The collated information was disclosed by Singapore’s Gambling Regulatory Authority (GRA) in its latest annual report.

“As part of our commitment to keep problem gambling under control, the Singapore government increased the casino entry levies by 50 percent as a pre-emptive measure back in April 2019,” stated GRA chairman Tan Tee How, in prepared remarks in the report.

“Following the implementation of the increased entry levies, casino visitorship by Singapore citizens and permanent residents… continues to remain low, with the number of SCPRs who visited the casinos in 2022 constituting only around 3.2 percent of the Singapore adult population,” added Mr Tan.

熱門文章
1spin4win grows its Latin American presence by partnering with Fortuna Juegos
Online Game
JILI Partners with Cricket Legend AB de Villiers (ABD) to Launch Exclusive Branded Game Series 100% 11
Sports Game
Across 6 Cities: HUIDU Invites You to 8 World Cup Parties Redefining High-Value Social Networking
HUIDU Focus
Institutional Academy that exceeded expectations marked the opening of GAT CDMX
Online Game
Brazil Proposes Raising Gambling Tax Rate to 24%, With Revenue Allocated to Social Security and Healthcare
Regulation
Indiana online casino bill stalls in House committee
Regulation
UK MPs reopen 2025 gambling inquiry as reform stalls
Regulation
HUIDU Invites You to Booth T70 at iGB L!VE 2026 — Let’s Ignite London This July!
HUIDU Focus
Vietnam's tightening online gaming policy creates new market opportunities
Southeast Asia
PropellerAds Shared a New iGaming Case Study: 97,674 Installs and 12,701 Deposits in 3 Months
Marketing
SBC Summit Canada to Make Player Safety a Key Pillar of 2026 Agenda
Marketing
Full House at GAT Expo Cartagena 2026 Academic Agenda
Online Game
GAT Expo Puerto Rico Will Pulse with the New Era of Gaming in the Caribbean
Marketing
Super PAC Raises $48 Million: Sports Betting Forces Ramp Up Political Push
Regulation
B2B Tech Infrastructure Gains Momentum in Philippine Gaming Sector
Southeast Asia
首頁
遊戲
合作
發現
我的