Thursday 29 October 2020

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Economy | Budget

Casinos to raise Rs 15 Cr for Goa's development

 

Goa government plans to raise Rs 15 crore annually by revising the fees and deposits charges for both the land and off-shore casinos.

The annual financial budget presented by chief minister Laxmikant Parsekar has revised the fees on casinos as follows:

Application Fees:

On shore / Land based Casinos: Rs 20 lakhs irrespective of the number of machines.

Off-shore Casinos: Rs 20 lakhs for machines / tables irrespective of the number of their number or size or capacity of vessel.

Annual recurring fees for Casinos:

On shore / Land based casino

Area & Fees

Upto 100 sq. m. - Rs 2.50 crores

Above 100 sq. m. upto 300 sq. m. - Rs 3.00 crores

Above 300 sq. m. upto 500 sq. m. - Rs 3.50 crores

Above 500 sq. m. - Rs 4.50 crores

 

 

Off shore casino

Passenger capacity of vessel & Fees

Upto 100  - Rs 7.00 crores

Above 100 upto 200 - Rs 7.50 crores

Above 200 upto 400  - Rs 8.00 crores

Above 400 - Rs 9.00 crores 

 

Security Deposit:

Rs 20 lakhs at the time of grant of new license and Rs 10 lakhs at the time of renewal, in the case of both On shore / Land based casino and Off shore casino


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