{"id":777004504,"date":"2023-04-20T14:01:20","date_gmt":"2023-04-20T17:01:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777004504"},"modified":"2026-04-22T22:40:41","modified_gmt":"2026-04-23T01:40:41","slug":"new-south-wales-may-considers-amending-planned-gambling-tax-hike","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/new-south-wales-may-considers-amending-planned-gambling-tax-hike","title":{"rendered":"New South Wales may considers amending planned gambling tax hike"},"content":{"rendered":"\n<p>The NSW government may renegotiate a gaming tax as Star Entertainment faces financial challenges.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-\u00a0The New South Wales government is reportedly considering the renegotiation of a gaming tax rise after <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/star-sydney-jobs-at-risk-due-to-tax-hike-union-warns\" target=\"_blank\">The Star Entertainment Group<\/a> announced plans to lay off 500 employees and freeze wages due to financial problems. The tax rise is intended to <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/nsw-government-defends-proposed-poker-machine-and-table-game-tax-increase\" target=\"_blank\">raise an additional AU$364m (US$244.2m) over three years<\/a>, but<strong> premier Chris Minns <\/strong>now reportedly fears a social conflict.<\/p>\n\n\n\n<p>As part of policy matching arrangements announced in Victoria last year, the NSW government announced increased taxes on poker machines and gambling tables at The Star and Crown Sydney casinos. From July 1, casino gaming profits will be taxed at 60.67 per cent, up from 31.57 per cent now.<\/p>\n\n\n\n<p>In recent years, The Star and rival Crown Resorts have been under intense scrutiny after damaging inquiries revealed their operations enabled money laundering. This, coupled with the crisis in the wake of the Covid-19 pandemic, has put the two giants of the gaming industry in an uncomfortable financial situation.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/crown-resorts-posts-loss-of-us632-18m-for-fy22\" target=\"_blank\">Crown Resorts<\/a>&nbsp;reported an AU$945.4m (US$632.18m) loss for the full-year 2022 while earnings before interest, tax, depreciation and amortisation (EBITDA) was negative AU$699.6m in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NSW government may renegotiate a gaming tax as Star Entertainment faces financial challenges.<\/p>\n","protected":false},"author":176,"featured_media":16885,"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 New South Wales government is reportedly evaluating a renegotiation of its recently increased gaming tax for casinos, including The Star Entertainment Group, following Star's announcement of significant layoffs and wage freezes due to financial distress. This reconsideration stems from concerns over potential social conflict and the operators' ongoing financial challenges, which have been compounded by prior regulatory scrutiny over money laundering and the economic impact of the COVID-19 pandemic.","focusai_entities":"NSW government, The Star Entertainment Group, Chris Minns, Crown Sydney, Crown Resorts","focusai_location":"Australia, New South Wales, Victoria","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), payments_fraud_aml (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Tax Renegotiation Impact","query":"What are the specific financial implications for The Star Entertainment Group and Crown Sydney if the NSW government proceeds with a significant renegotiation of the proposed gaming tax increase?"},{"label":"Regulatory Precedent","query":"How might the NSW government's potential tax renegotiation set a precedent for future regulatory and fiscal policy adjustments in response to operator financial distress across other gaming verticals or jurisdictions?"}],"footnotes":""},"categories":[16336,154,158],"tags":[23911],"class_list":["post-777004504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legislation-news","category-slider-home","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004504","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=777004504"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004504\/revisions"}],"predecessor-version":[{"id":777004516,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004504\/revisions\/777004516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16885"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}