Casino entry levies amount to $70m
This is the total entry levy collected by the two casinos since they opened. -AsiaOne
CASINO entry levy collected by the two casino operators in Singapore have amounted to about $70 million as of May 10, said Minister for Community Development, Youth and Sports (MCYS) Dr Vivian Balakrishnan.
Nominated MP Mr Terry Lee asked the Minister during a parliament session this week on the breakdown of the total amount of casino levy collected and how this collection will benefit Singaporeans.
In a written response, Dr Balakrishnan answered that all casino entry levies are paid to the Singapore Totalisator Board and are used to fund projects which benefit the community.
He also said that "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".
MCYS will continue to ensure that sufficient resources are dedicated to tackle the issue of problem gambling, said the Minister.
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