Slot machine tax dispute
Melco in conflict with Australia
(Australia).- Melco Crown Entertainment is in a battle with Australia’s Department of Treasury and Finance, due to a forthcoming imposed tax on Crown Casino’s slot machines that will cost the company an estimated USD 57 million.
2014-01-15
Reading time 22 seg
(Australia).- Melco Crown Entertainment is in a battle with Australia’s Department of Treasury and Finance, due to a forthcoming imposed tax on Crown Casino’s slot machines that will cost the company an estimated USD 57 million.
Packer claims that the tax violates an agreement reached by a former government that there would be “no further amendments in casino taxes or levies until the end of 2022.”
In the dispute, Packer reportedly would agree to the imposition of a new tax provided the government extends the casino’s operating license from the current 2033 to 2092.
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