$70m in casino entry levies

[Mcf777]

http://www.straitstimes.com/BreakingNews/S...ory_528455.html

 

$70m in casino entry levies

 

THE two casino operators have collected about $70 million in entry levies as of May 10, said Minister for Community Development, Youth and Sports Vivian Balakrishnan.

 

In a written response to a question from Nominated MP Terry Lee in Parliament on Tuesday, the minister said it would be premature to draw conclusions 'on casino patronage and its attendant social impact from the entry levy data as it is still early days'.

 

All casino entry levies are paid to the Singapore Totalisator Board and are used to fund projects which benefit the community.

 

MCYS will continue to ensure that sufficient resources are dedicated to tackle the issue of problem gambling, through research studies and programmes, said Mr Balakrishnan.

 

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within few months, S$70M collected.

That means per year at least S$200M to 300M.........time for a pay rise to the person who brought up this idea to build a CASINO.

Edited May 19, 2010 by Mcf777

[Luckcent]

No need pay rise..just give the levy to him can liao. [:p]

[Swingarm]

http://www.straitstimes.com/BreakingNews/S...ory_528455.html

 

$70m in casino entry levies

 

THE two casino operators have collected about $70 million in entry levies as of May 10, said Minister for Community Development, Youth and Sports Vivian Balakrishnan.

 

In a written response to a question from Nominated MP Terry Lee in Parliament on Tuesday, the minister said it would be premature to draw conclusions 'on casino patronage and its attendant social impact from the entry levy data as it is still early days'.

 

All casino entry levies are paid to the Singapore Totalisator Board and are used to fund projects which benefit the community.

 

MCYS will continue to ensure that sufficient resources are dedicated to tackle the issue of problem gambling, through research studies and programmes, said Mr Balakrishnan.

 

=============================================

within few months, S$70M collected.

That means per year at least S$200M to 300M.........time for a pay rise to the person who brought up this idea to build a CASINO.

 

like wat???? erecting erps??? give $100 each and take back $101????

[Chewbacca]

WTF.

 

$70m?

 

700000 visits already?

 

....that's a bloody lot.

 

[The_Bear]

http://www.straitstimes.com/BreakingNews/S...ory_528455.html

 

$70m in casino entry levies

 

THE two casino operators have collected about $70 million in entry levies as of May 10, said Minister for Community Development, Youth and Sports Vivian Balakrishnan.

 

In a written response to a question from Nominated MP Terry Lee in Parliament on Tuesday, the minister said it would be premature to draw conclusions 'on casino patronage and its attendant social impact from the entry levy data as it is still early days'.

 

All casino entry levies are paid to the Singapore Totalisator Board and are used to fund projects which benefit the community.

 

MCYS will continue to ensure that sufficient resources are dedicated to tackle the issue of problem gambling, through research studies and programmes, said Mr Balakrishnan.

 

=============================================

within few months, S$70M collected.

That means per year at least S$200M to 300M.........time for a pay rise to the person who brought up this idea to build a CASINO.

 

$70m was largely for single casino only cos Sands just started operations in April. Also, RWS started operations in mid-Feb, around CNY.

 

Therefore, if the 2 casinoes does not cannibalize each other too much, we can expect the figure to hit $320m - $350m this year. And $400m per year thereafter. Sounds like alot of money to me.

 

 

 

[Hosaybo]

Note that levy applies to local people only..... which means that there are alot of local gamblers paying to go in.

[Jman888]

say majority are paying annual levy.... then the amount should slow down already!

[Joseph22]

Another free money where govt dont even need to do anything.

[Jamstart]

Fat bonus end of the year.

[The_Bear]

Another free money where govt dont even need to do anything.

call that voluntary taxation.

[Kingcopa]

More fund for to play with

[Metalbone]

Haut ah for the govt! []

 

They should build more casino instead of ERP.

[Mcf777]

the best money making machine is : COE and Casino levy which dont require them to do anything

Edited May 19, 2010 by Mcf777

[The_Bear]

the best money making machine is : COE and Casino levy which dont require them to do anything

you forgot GST.

[Tonyhawk]

400million means 100$ per singaporean. doesnt sound like a lot to me....

[Kingcopa]

you forgot GST.

CPF too.............

[The_Bear]

400million means 100$ per singaporean. doesnt sound like a lot to me....

 

and that is including every child, baby, old people, man & women going to the casino once a year. Include those in jails and ICU too.

[Tonyhawk]

and that is including every child, baby, old people, man & women going to the casino once a year. Include those in jails and ICU too.

 

i meant that 400million dollar generated give back to citizens only $100 each.

 

not much lah.