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Goa Casino Fees Hiked By 30% And More; Third Hike in As Many Years
March 25, 2017, 18:58:18
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Days after Manohar Parrikar returned as Chief Minister of Goa, heading the BJP-led administration, fees for casinos were increased by 30% to 50%, depending on the categories. The hike announced in the budget is the third in consecutive years.

 

 

 

 

The news was reported by the Herald Goa and informed the following hike in fees - 

  • License renewal fees have been raised by almost 30% from INR 20 lakhs to INR 30 lakhs.
  • Transfer fees have been raised to INR 10 crores for onshore and to INR 20 crores for offshore casinos. Currently, transfer fees consisted of INR 2 lakhs for application and INR 5 crores on approval.
  • Annual recurring fees for land-based casinos will now be INR 50 lakhs. Offshore casinos with passenger capacity of 200 to 400 will now have to pay INR 11 crores. Vessels with passenger capacity above 400 will be charged INR 12 crores.

The increase has been announced barely a week before the March 31 deadline for the offshore casinos to be moved out of the River Mandovi, which is quite contradictory and leads one to wonder about the shift. In fact, even before the poll results on March 11, the sixth casino license was renewed for Golden Globe Hotels Private Limited.

Despite the increase, casino operators must rest easy now that Parrikar is back, as he has openly proclaimed casinos as revenue-cows for the state and this move will certainly quell the anti-BJP lobby, which accuses it of being pro-casinos.

Written by: Shyamala Gauri

Related Articles:

1. Goa Govt Increases License Fees For Land-Based Casinos By INR 2Cr; Opposition Continues To Accuse Govt

2. Goa CM Hikes Casino License Fee By 1 Crore, Relocation of Casinos to be Decided on Mar 30; UB Group Among Applicants For New License

3. Goa Government Raises Fee Structure for Casinos Second Year in a Row

4. Manohar Parrikar Returns As Goa CM; Major Relief to Casinos

5. Uncertain Future For Goa Casinos With March 31 Deadline Looming


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