Casinos to raise Rs 15 Cr for Goa's development
GOANEWS DESK, PANAJI | 25 March 2015 22:13 IST
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
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
