Gaming-tax hike unlikely in Budget 2024

Top performer: A file picture of visitors at the Skytropolis theme park in Genting Highlands. The company’s diversified business model is viewed as a strength.

PETALING JAYA: TA Research expects the gaming sector could stay below the tax radar in Budget 2024 as the government has set its sights on new taxes, such as the capital gains tax to broaden its tax collections for the upcoming budget.

Previously, the Pakatan Harapan-led government raised casino duties to 35% and reduced the number of four-digit special draws by half in Budget 2019, after the 14th General Election in 2018.