NSW Wants Gambling Tax Increase

Lawmakers in the Australian state of New South Wales announced this week that they're seeking a higher tax rate for the two land casinos that operate within its borders.

The goal would be to raise tax rates for the Crown Sydney and Star Sydney casinos from table games and slot machines. Specific tax rates haven't been announced, but the government said that they'd like to raise $364 million AUD over the next three years. The government says that the raised revenues would go toward community investment for fiscal sustainability.

Regarding the proposed change NSW Treasurer Matt Kean said, "It's important that casinos pay their fair share of tax. These reformed tax rates will replace the existing regime under which casinos pay less tax on poker machines than hotels and clubs.

"These changes will ensure that the casinos continue to make an appropriate contribution to the community and support the delivery of vital Government services."