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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..."

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