Edition:
India

Star Entertainment Says Co & NSW Govt Reached Agreement On Gaming Taxes


Monday, 1 Jun 2020 

June 1 (Reuters) - Star Entertainment Group Ltd ::CO & NSW GOVERNMENT REACHED AGREEMENT ON GAMING TAXES APPLICABLE TO STAR SYDNEY UNTIL END OF FY2041.INTERNATIONAL VIP REBATE BUSINESS, DOMESTIC REBATE BUSINESS GAMING TAX REMAINS UNCHANGED AT 10% OF REVENUE.REACHED AGREEMENT TO PRESERVE STAR SYDNEY AS EXCLUSIVE CASINO PROVIDER OF ELECTRONIC GAMING MACHINES.AGREED FLAT DOMESTIC GAMING TAX RATES WITH NSW GOVERNMENT FOR 20-YRS, FROM 1 JULY 2021 TO 30 JUNE 2041.