Showing posts with label casino levy. Show all posts
Showing posts with label casino levy. Show all posts

Sunday, January 30, 2011

Casino & arithmetics of paying one-year casino levy

When i paid the $2,000 per annum entry levy for the Marina Bay Sands Casino on Jan 2, I knew I must visit more than 12 times to make the sums work for paying the levy in advance, instead of paying $100 each time I visit.

Also, apart from the upfront payment, I have given up the flexibility of visiting the casino fewer than 12 times during the next 12 months. Because if I go fewer than 12 times, I would in effect be paying more than the government mandated $100 per day levy.

However, I know for sure that I would visit MBS more than 12 times in 2011. I intend to anyway.

Where is the break even point for me? I guess 20 times should do it for me, or two visits over 10 months. That means I would be paying a $50 per visit levy.

Still, that would depend a lot on whether my luck holds out on most of the visits.

If I lose more money than I win, then I may not visit as often as twice a month. On the other hand, if I win more than I lose, then I may even make more than 20 visits over the year.

Stay tune on this blog for more about whether the sums work out for me at MBS!

Monday, January 3, 2011

Casino notes

Paid levy for Marina Bay Sands casino for one whole year yesterday. $2000

Lost about $330 after 4 hours of play.

Carpark cost came to $13 but needn't pay as I've got free parking.