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.
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Across Australia, there is a major concern about the prevalence of gambling ads on television. Many responsible advocates have voiced their apprehensions, and now the ACMA (Australian Communications and Media Authority) is now stepping up to present a solution.
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