Revenue reached SGD147.31m in the fiscal year ending March 31.<\/p>\n\n\n\n\n\n\n\n
Singapore.-\u00a0The Singapore Totalisator Board<\/strong>\u00a0has reported that revenue from the casino entry levy has surpassed pre-Covid-19 levels.\u00a0The fees collected for the fiscal year ending March 31 amounted to SG$147.31m (US$108.85m), an increase from nearly SG$125.47m in the previous fiscal year.\u00a0<\/p>\n\n\n\n The casino entry levy applies to Singapore citizens and permanent residents accessing gaming facilities at\u00a0Resorts World Sentosa<\/a>\u00a0and\u00a0Marina Bay Sands<\/a>. In the fiscal year 2020-21, the total was SG$114.07m. It was SG$116.61m in 2019-20, SG$124.93m in 2018-19, and SG$130.9m in 2017-18.\u00a0<\/p>\n\n\n\n When extending the casino duopoly until 2030 in April 2019, authorities announced an increase to the levy as part of a policy of \u201cminimising the social impact of problem gambling \u201d. The 24-hour access fee was increased from SG$100 to SG$150, and the annual pass from SG$2,000 to SG$3,000.<\/p>\n","protected":false},"excerpt":{"rendered":" Revenue reached SGD147.31m in the fiscal year ending March 31.<\/p>\n","protected":false},"author":176,"featured_media":17899,"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 Singapore Totalisator Board reports casino entry levy revenue has surpassed pre-Covid-19 levels, reaching SG$147.31m for the fiscal year ending March 31. This increase follows a 2019 policy adjustment that raised daily and annual levy fees for Singapore citizens and permanent residents accessing integrated resorts, a measure aimed at mitigating problem gambling and coinciding with the extension of the casino duopoly until 2030.","focusai_entities":"Singapore Totalisator Board, Resorts World Sentosa, Marina Bay Sands","focusai_location":"Singapore","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Levy Revenue Impact","query":"What is the projected impact of the sustained increase in casino entry levy revenue on Singapore's GGR and the long-term profitability of the integrated resort duopoly?"},{"label":"Regulatory Efficacy","query":"How does the Singapore Totalisator Board assess the efficacy of the increased entry levy in achieving its stated objective of minimising problem gambling, beyond revenue generation?"}],"footnotes":""},"categories":[157,16333],"tags":[23907],"class_list":["post-777011026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011026","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=777011026"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011026\/revisions"}],"predecessor-version":[{"id":777040983,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011026\/revisions\/777040983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17899"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}