Singapore collected SGD3.6 billion, around US$2.84 billion, in gambling-related taxes during FY2025/26, up 11.9% year-on-year, while its High Court on September 4, 2026 rejected the local enforcement of a HKD19.35 million casino debt, approximately US$2.5 million, claimed by Venetian Macau Limited.
The fiscal figure comes from the Inland Revenue Authority of Singapore (IRAS) and covers the financial year ended March 31, 2026. The “betting taxes” category includes casino tax, betting duty and private lotteries duty and represented 3.7% of total tax revenue, which reached a record SGD97.3 billion, up 9.4%.
Hoong Wee Teck
IRAS is headed by Ow Fook Chuen, while market supervision falls under the Gambling Regulatory Authority (GRA), chaired by Hoong Wee Teck, with Daniel Tan serving as Chief Executive since June 2026. Singapore has only two integrated resorts with casinos (Marina Bay Sands and Resorts World Sentosa). Casino GGR is taxed at 8% and 12% for premium players and 18% and 22% for other players, depending on applicable thresholds and regulatory conditions.
Philip Jeyaretnam
At the same time, the General Division of the High Court of Singapore, under Justice Philip Jeyaretnam, set aside the registration of a Hong Kong judgment obtained by Venetian Macau Limited against Hu Yangning.
Hu had applied for up to HKD15 million in credit to gamble at The Venetian Macao. On October 29, 2024, Venetian demanded payment of HKD19,351,933. On March 19, 2025, the High Court of Hong Kong entered a default judgment for that amount, plus 18% annual interest and HKD11,045 in legal costs.
Venetian registered the judgment in Singapore on May 19, 2025 and obtained a seizure and sale order on July 16 over Hu’s property at 1 Shenton Way. The Singapore court overturned that enforcement, ruling that under the Civil Law Act 1909 and the Reciprocal Enforcement of Foreign Judgments Act 1959, enforcing a gambling debt incurred at a foreign casino would violate Singapore public policy.
