Goa government hikes casino license fees again; security deposit, application fees also introduced
The Laxmikant Parsekar led Goa government has hiked casino license fees for the second consecutive year. While making his budget speech, Chief Minister Parsekar, who also holds the Finance portfolio made the announcement of the increase in the annual license fees. The fee for every category of onshore casino has been raised by Rs. 50 lakhs per annum, while for offshore casinos the fee has been raised by one crore rupees. Thus, onshore casinos upto 100 square metres in area had to pay Rs. 2 crores as license fee last year, will now have to pay Rs. 2.5 crores. An offshore🍎 🌞casino having passenger capacity of 100 persons had to pay Rs. 6 crores as license fee, but will now have to pay Rs. 7 crores (complete table given below).
An application fee of Rs. 20 lakhs for onshore and offshore casinos has been introduced. Similarly, a security deposit of Rs. 20 lakhs for both types of casino during applicat🎀ion and Rs. 10 lakhs during renewal has also been introduced. The Goa government hopes to earn Rs. 15 crore🌌s of additional revenue from this increase.
The issue of casinos evoked a heated debate in the legislative assembly, with a ruling BJP MLA claiming that casinos generate a lot of revenue and that . The opposition Congress raised the issue of offshore casinos in the assembly and Parsekar responded by saying that from River Mandovi within the next two years but would not abolis꧅h casinos altogether, as it would send a bad signal to potential investors.
Extract from the CM’s budget speech
Casino Fees
47. Speaker Sir, I propose to revise the application fe♛e, annual recurring fee and security deposit, for land based and off-shore casinos. The details are provided in Annexure – E.
Annexure – E
Casino Fees
1. Application Fees:
a) On shore / Land based Casinos: Rs. 20 lakhs irrespective 🃏of the number of machines.
b) Off-shore Casinos: Rs. 20 lakhs for machines / tables irrespective ꦍof the number of their number or size or capacity of vessel.
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 bas🍰ed casino and Off shore casino.
