{"id":29513,"date":"2022-05-03T09:29:06","date_gmt":"2022-05-03T12:29:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29513"},"modified":"2026-04-23T09:04:35","modified_gmt":"2026-04-23T12:04:35","slug":"crown-calls-for-clarification-on-proposed-changes-to-tax-rate-for-egms","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/crown-calls-for-clarification-on-proposed-changes-to-tax-rate-for-egms","title":{"rendered":"Crown calls for clarification on proposed changes to tax rate for EGMs"},"content":{"rendered":"\n

Authorities in Victoria want to introduce changes to the current tax rate for electronic gaming machines at Crown Melbourne.<\/p>\n\n\n\n\n\n\n\n

Australia.-\u00a0Crown Resorts\u00a0<\/strong>is seeking more information on the Victorian Government’s proposal to change the tax rate for electronic gaming machines (EGMs) at Crown Melbourne. <\/p>\n\n\n\n

If the changes are approved, from 1 July 2023,\u00a0Crown Casino\u2019s EGMs will be subject to the same tax rates as EGMs operated by club venues<\/strong>. The change is expected to generate up to AU$30m per annum in additional revenue for the State.\u00a0<\/p>\n\n\n\n

Crown says that if the proposed rate was in place in FY2019 (the last full financial year before the Covid-19 pandemic), the impact on earnings would have been between AU$35n and AU$40m.<\/p>\n\n\n\n

The Board, however, noted the impact of the proposed changes on future earnings would depend on the final details of the reform and the revenue generated from electronic gaming machines at Crown Melbourne.\u00a0<\/p>\n\n\n\n

Melissa Horne<\/strong>, the minister for consumer affairs, gaming and liquor regulation\u00a0said authorities in Victoria are committed to introducing reforms on gambling taxes with a focus on harm minimisation.\u00a0Horne added that authorities want “to strengthen oversight of Crown and the whole Victorian gambling industry.”<\/p>\n\n\n\n

Crown Resorts said it will establish a working group to consider the implications of changes for the company.<\/p>\n\n\n\n

A week ago, the Alliance for Gambling Reform called for the introduction of harm reduction measures in Victoria<\/a> after players lost nearly AU$1bn<\/strong> on slots in the past four months. Player losses in March hit a record AU$257.3m.<\/p>\n\n\n\n

Judge Raymond Finkelstein<\/strong>, who led the state of Victoria\u2019s inquiry into Crown Resorts<\/a> has called for more independent oversight of casinos and restrictions on how much money gamblers can lose.<\/p>\n\n\n\n

Australian Greens renew fight to ban gambling machines<\/h2>\n\n\n\n

The New South Wales Greens<\/strong> party has renewed its call to ban gambling machines in Australia. It believes the country can afford to do without an industry worth AU$3.1bn (US$2.21bn) a year. It wants pokies to be phased out from bars within five years and from other venues within 10 years<\/strong>.<\/p>\n\n\n\n

The Greens propose financial support to offset some of the lost revenue. They also want a complete ban on gambling ads on public transport and at sporting events.<\/p>\n","protected":false},"excerpt":{"rendered":"

Authorities in Victoria want to introduce changes to the current tax rate for electronic gaming machines at Crown Melbourne.<\/p>\n","protected":false},"author":176,"featured_media":25149,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Victorian Government proposes increasing the tax rate on Electronic Gaming Machines (EGMs) at Crown Melbourne to align with club venues, effective July 1, 2023, aiming for AU$30m in additional state revenue. Crown Resorts is assessing the potential AU$35m-AU$40m impact on its earnings, while broader calls for enhanced regulatory oversight, harm minimisation measures, and even EGM bans intensify across Australia. This development underscores a tightening regulatory environment impacting operator profitability and market structure.","focusai_entities":"Crown Melbourne, Crown Resorts, Victorian Government, Melissa Horne, Alliance for Gambling Reform, Judge Raymond Finkelstein, Australian Greens, New South Wales Greens party","focusai_location":"Victoria, Australia, Melbourne, New South Wales","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), product_ux (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Crown's EGM Tax Impact","query":"What specific adjustments to Crown Resorts' operational expenditure and capital allocation strategies are anticipated to mitigate the projected AU$35m-AU$40m earnings impact from the proposed EGM tax increase?"},{"label":"Regulatory Precedent Analysis","query":"How might the Victorian Government's EGM tax harmonisation and enhanced oversight initiatives establish a regulatory precedent for other Australian states, particularly concerning B2C licensing and revenue share models?"}],"footnotes":""},"categories":[16336,157,158],"tags":[14657,23911],"class_list":["post-29513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","category-slider-home","tag-crown-resorts","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29513"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29513\/revisions"}],"predecessor-version":[{"id":29526,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29513\/revisions\/29526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25149"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}