Singapore has officially implemented changes to its gambling laws that will significantly increase tax obligations for casino operators. The updated Casino Control Act and the newly passed Gambling Duties Bill will introduce a more stringent and tiered tax structure, raising the financial stakes for gaming companies.
Higher Taxes for Casino Revenue
Under the current system, casinos in Singapore pay a flat 15% tax on their gross gaming revenue (GGR). However, the revised tax regime introduces a tiered model. Mass gaming revenue up to SG$3.1 billion (US$2.3 billion) will now be taxed at 18%. Beyond that threshold, the rate will jump to 22%.
Premium gaming activity—defined as gambling by players who deposit at least SG$100,000 (US$74,260) into their casino accounts—currently carries a 5% tax. That will increase to 8% for GGR up to SG$2.4 billion (US$1.78 billion), and rise to 12% on amounts above that.
The legislation aims to increase contributions to state revenue, while also prompting casinos to adopt more precise—and potentially more creative—accounting practices.
Importantly for operators, the new law includes a safeguard: these revised tax rates cannot be raised again before 2032.
Extended Exclusivity for Singapore’s Casino Duopoly
In exchange for the higher tax burden, the government has granted Las Vegas Sands and Genting Singapore an extension of their exclusive rights to operate integrated resorts (IRs) in the country. Their duopoly, which was initially set to expire at the end of 2024, will now remain in place until 2030.
This extended exclusivity is part of the broader revision of the Casino Control Act, which continues to shape the long-term future of Singapore’s gaming industry.
As part of their agreement with the government, both Marina Bay Sands (operated by LVS) and Resorts World Sentosa (operated by Genting) committed to expanding and upgrading their facilities. However, both companies have requested more time to fulfill these obligations, citing delays caused by the COVID-19 pandemic.
Singapore’s Minister of State for Trade and Industry, Alvin Tan, confirmed that the government is providing some leeway, acknowledging the pandemic’s impact on large-scale development timelines.
LVS President and COO Patrick Dumont had already signaled a delay last year, expressing doubt about meeting the original 2025 deadline. The company has pledged SG$4.5 billion (US$3.3 billion) toward the construction of a fourth hotel tower and additional non-gaming amenities.
A New Chapter in Singapore’s Gaming Landscape
The dual impact of higher taxes and extended exclusivity marks a new chapter in Singapore’s casino landscape. While operators will face greater fiscal pressure, they also gain continued market dominance—ensuring their long-term stake in one of Asia’s most tightly regulated but lucrative gaming markets.
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