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Singapore fills coffers with $1.3 bil on casino visits

Bloomberg
Bloomberg • 2 min read
Singapore fills coffers with $1.3 bil on casino visits
SINGAPORE (May 7): Higher entrance levies haven’t stopped rich Singaporeans or those just feeling lucky from flocking to the country’s only two casinos.
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SINGAPORE (May 7): Higher entrance levies haven’t stopped rich Singaporeans or those just feeling lucky from flocking to the country’s only two casinos.

The city-state has received about $1.3 billion in entrance fees from citizens and permanent residents since 2010 even as tourists are allowed to enter for free, Minister for Manpower Josephine Teo said in response to a question in parliament Monday.

Levies for Singaporeans and permanent residents to enter either Resorts World Sentosa or the more glitzy Marina Bay Sands were raised to $150 a day, or $3,000 a year, last month. That’s up from $100 and $2,000. Singapore initially introduced the charges to deter locals from gambling.

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