The Singapore government has reportedly increased the daily admission fee that locals pay by around 50% to just over $ 110, while the cost of an annual pass increases to nearly $ 2,203.
According to a report by the Bloomberg News Service, the change of government of Prime Minister Lee Hsien Loong was launched late last month and builds on a system that was first introduced in 2010 as part of a campaign to deter locals from impulsive gambling.
Singapore houses the huge Resorts World Sentosa integrated casino resort of Genting Malaysia Berhad as well as the famous Marina Bay Sands of the Las Vegas Sands Corporation. The Island City Manpower Minister, Josephine Teo, has set out in detail that the non-resident tourist entry system has raised some US $ 954 million over the last nine years and helped reduce the number of local players about 50%. According to reports,
Teo Bloomberg told …
“The daily and annual entry fees are designed to discourage occasional and impulsive gambling by locals, and are part of a holistic set of social safety precautions. Between 2010 and 2018, the number of local visitors to casinos fell by 50%. “
The old casino licenses of Genting Malaysia and the Las Vegas Sands Corporation were extended after the pair was paid to spend around $ 6.6 billion. Marina Bay Sands will build another hotel tower next to a new entertainment arena, while Resorts World Sentosa will build two themed areas and expand its aquarium.
The recently concluded license agreements also include provisions that allow Marina Bay Sands to increase the size of its gambling area by approximately 21,527 square meters and to expand the existing complement of 2,500 units by 1,000 slot machines. Resorts World Sentosa has reportedly been granted permission to expand its playing surface by an additional 5,331 square meters to accommodate up to 800 additional machines.