127Commission-based player tax

127 Commission-based player tax (1) Commission-based player tax is payable on the completed commission-based profit derived in each month from the operation of the casino. (2) The completed commission-based profit derived in a month from the operation of the casino is the total profit derived in the month from completed commission-based player schemes (whether or not the profit relates to gaming happening in that month or a previous month) is— (a) if the total value at the end of the month of all unredeemed commission-based player chips held by participants after the completion of the schemes is greater than the total value at the beginning of the month of unredeemed commission-based player chips (originally purchased for previous schemes) used in the course of commission-based gaming in relation to the schemes:( ) ( ) UCC1UCC2WCGA −+−

(b) if the total value at the end of the month of all unredeemed commission-based player chips held by participants after the completion of the schemes is less than the total value at the beginning of the month of unredeemed commission-based player chips (originally purchased for previous schemes) used in the course of commission-based gaming in relation to the schemes: (3) The rate at which commission-based player tax is payable is 0.9% of the completed commission-based profit derived in the month from the operation of the casino. CGA, for a month, means the total amount the casino licensee receives in the month from commission-based gaming in the casino under completed commission-based player schemes. commission-based player chips means chips supplied by the casino licensee for commission-based gaming. completed commission-based player scheme, in relation to a month, means a commission-based player scheme under which commission- based gaming is completed during the month, whether or not the commission-based gaming started in that month or the previous month. UCC1, for a month, means the total value at the beginning of the month of unredeemed commission-based player chips (originally purchased for previous schemes) used in the course of commission-based gaming in relation to commission-based player schemes. UCC2, for a month, means the total value at the end of the month of all unredeemed commission-based player chips held by participants in completed commission-based player schemes.( ) ( ) UCC2UCC1WCGA −−−

Tax Division 8.1 W, for a month, means the total amount paid as winnings in relation to completed commission-based player schemes in the month.