By Ian Neubauer
Three hundred NSW hotels have applied for a scheme that allows them to
defer payment of $18.6 million in taxes drawn from gaming revenue.
The scheme, which was originally offered to registered clubs only, was
made available to hotels in September and is geared to offset declining
revenues attributed to the indoor smoking ban that came into effect in
July last year.
The NSW Office of Liquor Gaming and Racing (OLGR), which
administers the scheme, said it has approved 241 applications and refused
the remaining 59.
Hotels approved for the scheme will be able to pay gaming revenue in
three monthly instalments instead of as a lump sum at the end of each
The OLGR said the average downturn in gaming revenue for hotels
participating in the scheme stands at 24.5 per cent for the 12 months
ending September 30, compared to the same period last year.
The figure represents roughly double the statewide average decline in
hotel gaming revenue of 12.6 per cent.