The Star enters duty rate agreement

The Star Entertainment Group has entered an agreement to formalise casino duty rates with the NSW government.

Dated from July 1, 2023, the duty rate for rebate play will be 12.5 per cent, up from the current rate of 10 per cent. At the same time, non-rebate play duty rates for table games will rise from 17.91 per cent to 20.25 per cent.

Poker machine duty rates will remain the same until June 30,2030.

In addition, between July 1, 2023 and June 30, 2030, an additional levy will apply equal to 35 per cent of all Start Sydney gaming revenue above $1.125bn for each financial year.

“The Star appreciates the constructive engagement on this process with the current NSW government,” said The Star’s Group CEO and managing director, Robbie Cooke. “The formalisation of these arrangements protects our Sydney team’s jobs and enables us to continue the important ongoing work required to restore The Star Sydney to suitability, and to earn back the trust of our stakeholders.”

The Star commented that it was “continuing to engage with the NSW government” to formalise other arrangements agreed in-principle, including the cashless and carded play trial and a jobs commitment by The Star in the state.