While the Australian casino industry is faring better than most it has been reported that the Queensland local authorities have increased their tax charge on grand casino income. The move has attracted widespread concern with shock that the authorities are looking to increase their tax take at a time when the economy and the sector is struggling to stay positive.
This reduced income for best casino operators, because they will need to pay more tax to the authorities, is sure to see some of their services compromised and many casino players may well look to the online market where costs are more stable and more visible. The online industry has performed fairly well throughout the worldwide economic slowdown and while it cannot go on forever there is evidence of players switching from off-line to online casinos in large numbers.
We did see a similar trend in the US when oil prices were approaching $150 per barrel and many casino members were unable to fund their normal gambling nights out. However the trend in Australia appears to be for totally different reasons with many of the free services often associated with casinos now disappearing as costs become ever tighter.
Article Source:
http://www.gambling.co.uk/news/gambling-news.html?story=12752
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