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Singapore lawmaker proposes casino levy hike

A Singaporean lawmaker has proposed increasing casino access taxes imposed on Singaporean citizens and permanent residents.

Dennis Pua Ray Peng also proposed introducing an "opt-in" system that would only allow Singaporeans who have officially registered their interest in gambling at two casino resorts in Singapore, the Malay Mail reported.

Her comments came during a debate in Singapore's parliament on legislation to regulate remote gambling in the country. The report did not say how much of a levy she wanted to increase.

Admission for Singaporeans has been at the same level since the opening of the two casinos, Resorts World Sentosa, run by Genting Singapore, and Marina Bay Sands, run by Las Vegas Sands, in the first half of 2010. The admission fee is 1 million Singapore dollars (about 790,000 won) per 24 hours, and 2,000 Singapore dollars for a one-year pass.

The levy remained the same, but the government introduced incremental changes to the rules governing how casinos market their services to local players.

The policy goal of the authorities implementing casino policies was to expand tax collection and spending by inbound tourists rather than redistributing the savings of low- and middle-income citizens in the country.

Analysts noted that Singapore casino revenues had not increased gradually in Macau until recently.

In the second quarter of 2014, Genting Singapore's net profit actually fell 22% year-over-year, mainly because VIP gamblers had larger-than-expected impairment losses on debt-type bonds to pay back.

In September 2010, just a few months after the resort opened, authorities banned casinos from running free shuttle buses in the so-called 'heartland' area of public housing.

Changes have also been made to the Casino Management Act. Under section 54 of the act, which was amended at the end of 2012, operators can be fined up to 10% of total annual game revenue for "serious violations" of the law without defining acts deemed "serious violations."

In May 2013, Siswaran, the prime minister's office and second chief of the interior ministry, said Singapore's casino regulators had strengthened their presence in the country's two gambling resort gaming venues.

And later that month, Singapore announced a system that would allow individuals or families of vulnerable individuals to apply for casino travel restrictions to the National Commission on Gambling on Issues. 카지노사이트 모음

In November last year, it was announced that RWS and MBS were each fined six figures for alleged or caught immigration offences from May 1 to December 31, 2012.

In May this year, the government announced that it has introduced a centralized system for self-exclusion. In September, it announced that non-casino game operators have also joined the system.

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