Published
Land-BasedCasinoFinancial

Singapore generates S$1.3bn from casino entry fees

Entrance levies at Singapore’s two casinos, originally designed to deter locals from gambling, have raised S$1.3bn (US$950m) since their introduction.

MarinaBaySands

Minister for Manpower, Josephine Teo, announced the figure when asked in Parliament on Monday.

The levies for Singaporeans and permanent residents to enter either Marina Bay Sands or Resorts World Sentosa were raised to S$150 per day, or S$3,000 per year last month. They previously stood at S$100 and S$2,000.

Despite raising more than S$1bn, the levies are reported to have achieved their desired effect.

Teo said: “The daily and annual entry levies serve to deter casual and impulse gambling by locals and are part of a holistic suite of social safeguards.

“Between 2010 and 2018, the number of local visitors to the casinos declined by 50%.”

Last month, the Singapore government said it would extend the licenses of the two casinos until 2030 after they pledged to invest S$9bn in tourist attractions.

Plans include a fourth tower to be constructed at Marina Bay Sands, plus a new entertainment area. Resorts World Sentosa will construct two new theme zones and expand its aquarium.

To ensure the attractions are commercially viable, the government has allowed both operators to increase their gaming facilities.

Marina Bay Sands will be allowed to expand up to 2,000m2 and add 1,000 more machines, while Resorts World can add an extra 500m2 and add 800 machines.      


Asia News Sponsor
Premium+ Connections
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...