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Written reply to PQ on impact of Integrated Resorts' investment commitments in Singapore

Written reply to PQ on impact of Integrated Resorts' investment commitments in Singapore

Question

Mr Chua Kheng Wee Louis: To ask the Minister for Trade and Industry (a) given COVID-19 disruptions to the hospitality industry, whether there are any changes to the timeline, investment commitment and nature of the S$9 billion combined investment commitment by the two Integrated Resorts; and (b) whether the new casino tax regime will still take effect in March 2022.

Written Answer by Minister for Trade and Industry Gan Kim Yong

1. In 2019, the two Integrated Resorts (IRs) committed around S$9 billion in investment to build new world-class tourism and MICE facilities. The IRs remain committed to delivering on their expansion plans. However, with the disruption that COVID-19 has had on the construction industry, both IRs have indicated that there will be potential delays in the completion of their projects.

2. The new casino tax rates will still take effect from 1 March 2022.

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