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

PIN-UP Partners

 
Premium

GammaStack

 
Premium

RISK

 
Premium

Digitain

 
Premium

1xBet Partners

 
Premium

Lynon

 
Premium

Imagine Live

 
Premium

Galaxsys

 
Premium

Sport Generate

 
 
 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...