Rep. Trenton Conner (Ind-Tinian) has prefiled a bill creating a new Tinian gambling revenue tax geared towards Asian-style gaming and the “high roller” premium players for which Asian casino markets heavily compete.
His House Local Bill 18-27 replaces the existing gross revenue surtax and gambling revenue tax under Section 50(3) of the Revised Tinian Gaming Control Act, with taxes geared toward “premium players” and others.
Under the bill, a “premium player” means a casino patron who opens a deposit account with the casino operator with a credit balance of not less than $20,000.
The bill amends Section 50(3)(a) of the Revised Tinian Gaming Control Act mandating a gambling revenue tax, that is equal to 5 percent of the gross gaming revenue for the month from premium players and from gambling amusement machines used exclusively by premium players, payable on or before the seventh day of the month following the month the revenue was received.
HLB 18-27 also amends Section 50(3)(b) to require that a gambling revenue tax is equal to 15 percent of the gross gaming revenue for the month from any other (non-premium) player and from gambling amusement machines used by other (non-premium) players.
Conner, in his bill, said that adopting a tax system that provides incentives for “high rollers” to come to Tinian casinos and gamble instead of going to places such as Macau or Singapore is in the best interest of Tinian people.
“This is because we believe that establishing a tax system that attracts ‘high rollers’ to Tinian will result in higher revenues for Tinian casinos and higher tax revenues for the people of Tinian,” the bill’s findings say.
The only operating casino on Tinian—or anywhere in the CNMI—is the Tinian Dynasty Hotel and Casino.