28 Feb '13, 1pm

PH gaming seen to surpass Singapore's

“We expect Philippine casinos to exhibit higher profitability than regional peers in non-Macau Asia on the back of a more favorable cost structure,” the report said. Although tax rates on gaming revenues are lower in Singapore than in the Philippines, the report noted that Singapore casinos are also taxed at the bottom-line whereas gaming profits of Philippine casinos are not, while Malaysia casinos are likewise taxed at the bottomline, on top of having a higher effective tax rate on gaming revenues compared to the Philippines.

Full article: http://business.inquirer.net/110015/ph-gaming-seen-to-sur...

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