In Australia, the current focus of the gambling market seems to be on high roller gaming. Casinos across the country are working hard to attract VIP players from around the world, and some need a little extra help to achieve this goal. To help Crown Perth obtain more international VIP visitors, Western Australia’s state government has awarded the casino operator a tax break.

As part of the deal, Crown Perth will receive a 3% tax relief of profits that are earned from international players. This will bring the casino operator’s tax rate down from 11% to 8%. In return, crown Perth will guarantee the state a $45.25 million over the course of the next five years. This marks a significant increase on the funding provided over the previous five years of $37.4 million. it paid over the past 5 years.

Crown suggests the tax relief will help the venue resist mounting international competition. Crown Perth has seen a decline in high roller gambling ever since Asian casino destinations started taking off. In 2010, Singapore opened its first two integrated casino resorts, drawing in high rollers from China – which is Crown Casinos’ main market.

From 2009 to 2010, gambling revenue at Crown Perth dropped from $12 billion to $8 billion. In order to bring these customers back, Crown Perth has invested a great deal of money into upgrades. These included accommodation renovations that would update the look and luxurious atmosphere of the property. The casino operator also offered up many incentives to entice Asian high rollers, such as jets, yachts and tours of WA.

Now, the casino is back on the right track but still needs a bit of help. The new tax break will provide some much-needed financial assistance for Crown Perth. “I think this is a really good and sensible decision that we’ve made and a good outcome for the state,” says Racing and Gaming Minister Terry Waldron.

“Crown Perth is an important economic contributor to Western Australia not only in terms of tax revenue to the State, but also employment and business opportunities for thousands of Western Australians.”

About the Author

George Anderson
Author George, has over 25+ years’ experience in the Pokies and Casinos industry throughout Australia and New Zealand. Loves to research new Pokies games on the block and follows announcements from top industry providers about their upcoming releases. As soon as a new interesting pokie game appears on his radar, George is there to check it out and give you the scoop before anyone else and tell you about all casino sites where can play the latest game. Before this gig, George worked as Pokie game tester, making him an ideal candidate for this genre of work. He is also an animal lover and a proud owner of three dogs.