Entry levy hike deters locals

Marina Bay Sands
Marina Bay Sands

The hike in the casino entrance fee for local Singaporeans is further deterring already declining visitation to the island state’s two integrated resorts by residents, analysts said. The government hiked the levy by 50 percent from $100 to $150 a day, or from $2000 to $3000 a year, in April. The increase, coupled with announced tax rises, came as a sting in the tail to a decision to allow the casinos to expand.  The higher fees were seen as an attempt to encourage the operators to put their focus on visitors to Singapore and to help alleviate problem gambling. Analysts noted the impact of the levy in the recently announced second quarter results.  At Las Vegas Sands’ Marina Bay Sands property, mass market gross gaming revenue declined 4 percent from the prior year and 7 percent quarter-on-quarter, while slots GGR fell 3 percent.  “Mass play was partly impacted by an increase in the locals...

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