A tax hike for Sydney’s casinos which was due to come into effect on July 1 has been deferred until August.
Key points:
- A casino tax hike has been pushed in New South Wales
- Treasurer Daniel Mookhey said the new rates have not yet been legislated
- The Crown and The Star can expect them to come into effect in August
Last year the previous state government announced plans to increase duty rates at The Crown and The Star in a move projected to raise $364 million over three years.
The announcement caused Star Entertainment’s share price to plummet and contributed to what CEO Robbie Cooke called an “issues rich” situation for the beleaguered casino giant.
Speaking on ABC Radio Sydney this morning, Treasurer Daniel Mookhey said despite the Perrottet…
Read the full article at: https://www.abc.net.au/news/2023-06-20/nsw-budget-update-star-casino-taxes/102498686