5% 'whale tax' lures big punters to Singapore Casinos

Opening of the integrated resorts in Singapore has increased tourist arrivals, Philip Securities said.

The casinos in Singapore have an advantageous footing since local gaming tax is only 5% for the VIPs and 15% for mass market gross gaming revenue. This means they have a shorter breakeven period versus casinos in other countries.

On a broader perspective, Singapore receives visitors from Indonesia, Malaysia and China, these Asia economies are bustling and economic conditions continue to be favourable for growth in 2011.

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