CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
SEARCH NEWS:
Search Our Archive of Gaming Articles 
 

Singapore May Set Tax for High Rollers Lower Than Vegas

30 December 2004

SINGAPORE -- As reported by Bloomberg News: "Singapore, proposing its first casino as part of a resort and convention center complex, is offering the company that operates it a gaming-revenue tax rate for so-called high rollers lower than that of Las Vegas.

"The government said today in an e-mailed statement the proposed tax rate for "premium players," who bring S$100,000 ($60,885) to gamble, would be 5 percent. That's a third of the general 15 percent gaming revenue tax the city-state would impose on casino operators.

"...It would also be the first time tax incentives have been used to draw high rollers..."

< Gaming News