{"id":18553,"date":"2026-09-09T08:30:00","date_gmt":"2026-09-09T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=18553"},"modified":"2026-09-09T06:42:42","modified_gmt":"2026-09-09T11:42:42","slug":"singapore-collects-us2-84-billion-and-blocks-casino-debt","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/singapore-collects-us2-84-billion-and-blocks-casino-debt\/","title":{"rendered":"Singapore collects US$2.84 billion and blocks casino debt"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>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.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"500\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg\" alt=\"\" class=\"wp-image-16352\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg 600w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE-300x250.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The fiscal figure comes from the <strong>Inland Revenue Authority of Singapore (IRAS)<\/strong> and covers the financial year ended <strong>March 31, 2026<\/strong>. The \u201cbetting taxes\u201d category includes <strong>casino tax, betting duty and private lotteries duty<\/strong> and represented <strong>3.7% of total tax revenue<\/strong>, which reached a record <strong>SGD97.3 billion<\/strong>, up 9.4%.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"742\" height=\"470\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt2.png\" alt=\"\" class=\"wp-image-18555\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt2.png 742w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt2-300x190.png 300w\" sizes=\"auto, (max-width: 742px) 100vw, 742px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Hoong Wee Teck<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">IRAS is headed by <strong>Ow Fook Chuen<\/strong>, while market supervision falls under the <strong>Gambling Regulatory Authority (GRA)<\/strong>, chaired by <strong>Hoong Wee Teck<\/strong>, with <strong>Daniel Tan<\/strong> serving as Chief Executive since June 2026. Singapore has only two integrated resorts with casinos (<strong>Marina Bay Sands<\/strong> and <strong>Resorts World Sentosa)<\/strong>. Casino GGR is taxed at <strong>8% and 12% for premium players<\/strong> and <strong>18% and 22% for other players<\/strong>, depending on applicable thresholds and regulatory conditions.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"745\" height=\"435\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt3.png\" alt=\"\" class=\"wp-image-18556\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt3.png 745w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt3-300x175.png 300w\" sizes=\"auto, (max-width: 745px) 100vw, 745px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Philip Jeyaretnam<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the same time, the <strong>General Division of the High Court of Singapore<\/strong>, under Justice <strong>Philip Jeyaretnam<\/strong>, set aside the registration of a Hong Kong judgment obtained by <strong>Venetian Macau Limited<\/strong> against <strong>Hu Yangning<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt4.jpg\" alt=\"\" class=\"wp-image-18557\" style=\"aspect-ratio:1.4987277353689568\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt4.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt4-300x200.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/singapore-collects-us2-84-billion-and-blocks-casino-debt4-768x512.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Hu had applied for up to <strong>HKD15 million<\/strong> in credit to gamble at The Venetian Macao. On <strong>October 29, 2024<\/strong>, Venetian demanded payment of <strong>HKD19,351,933<\/strong>. On <strong>March 19, 2025<\/strong>, the High Court of Hong Kong entered a default judgment for that amount, plus <strong>18% annual interest<\/strong> and <strong>HKD11,045 in legal costs<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg\" alt=\"\" class=\"wp-image-9622\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg 700w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-300x300.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-150x150.jpg 150w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Venetian registered the judgment in Singapore on <strong>May 19, 2025<\/strong> and obtained a seizure and sale order on <strong>July 16<\/strong> over Hu\u2019s property at <strong>1 Shenton Way<\/strong>. The Singapore court overturned that enforcement, ruling that under the <strong>Civil Law Act 1909<\/strong> and the <strong>Reciprocal Enforcement of Foreign Judgments Act 1959<\/strong>, enforcing a gambling debt incurred at a foreign casino would violate Singapore public policy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":1,"featured_media":18554,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[2323,57,1192,15,1438,2614,5203,1218],"class_list":["post-18553","asia","type-asia","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-asia","tag-casinos","tag-china","tag-gambling","tag-macau","tag-singapore","tag-sports-bertting","tag-tax","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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