The NSW Government can announce that both The Star and Crown Casino have now agreed to increased tax arrangements.
Treasurer Daniel Mookhey signed the agreements last night.
Under the new casino agreements:
- Table rates for The Star and Crown will rise, backdated to 1 July 2023.
- The Star will pay a transitional levy on poker machines until a new duty regime commences on 1 July 2030.
- Thousands of jobs at The Star will be protected.
No changes have been made to the agreements Crown signed with the previous government.
Today the government will introduce legislation to create a jobs guarantee at The Star, protecting the livelihoods of more than 3000 workers over the next 6 years.
Casino tax increases were first announced by the former government in December 2022 without consultation with Sydney’s 2 casinos.
The increases were not legislated but were written into the NSW Budget.
Consultation from the Minns Labor government has now resulted in both casinos agreeing to comply with the increased tax obligations.
Treasurer Daniel Mookhey said:
“The previous government had bungled their casinos policy. It was one of the most difficult challenges I inherited. These arrangements will see both casinos pay higher taxes.
“The government can now proceed with legislation which will see more than 3000 workers have their jobs protected at The Star.
“I note Crown has made it clear that recent job losses arise from their trading conditions.
“The government will continue to engage with Crown and The Star, as well as worker representatives, on their operating models and regulatory frameworks – especially as both are remediating their businesses.”