Legislative Council - Fifty-Third Parliament, First Session (53-1)
2014-09-17 Daily Xml

Contents

Answers to Questions

Adelaide Casino

In reply to the Hon. T.A. FRANKS (17 June 2014).

The Hon. G.E. GAGO (Minister for Employment, Higher Education and Skills, Minister for Science and Information Economy, Minister for the Status of Women, Minister for Business Services and Consumers): I have been advised:

Prior to the new taxation arrangements for the Adelaide Casino, there was no VIP tax rate. The new tax rates for premium gaming areas were set relative to rates payable by the Casino's interstate competitors.

The new VIP rate enables SkyCity to offer an internationally competitive premium gaming product comparable to interstate and overseas competitors. This provides an opportunity to attract international and interstate VIP business that Adelaide could not previously compete for. As a result of this agreement, there is an opportunity for State taxation revenue to grow.