2020_2_evoplay.jpg
2020_2_evoplay.jpg
2020_2_evoplay.jpg
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 7 May 2019

Singapore generates S$1.3bn from casino entry fees

By Matthew Enderby

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

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.      

RELATED TAGS: Land-Based | Casino | Financial
DISCUSS THIS ARTICLE
IN-DEPTH 27 January 2020
CEO Special 2020: Evolution Gaming - Staying humble
READ MORE

PREMIUM CONNECTIONS
1xPartners
Affiliate
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
ActiveWins
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
BetConstruct
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
NSoft
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
BBIN
Systems and Software
The Leading iGaming Software Supplier in Asia
Efbet
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
Zimpler
Payments
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...