Singapore legislation
Regulation 9
Regulation 9
Deductions allowed from net win
Subregulation 1
Subject to paragraph (2), the following amounts may be deducted against the net win of a casino operator for any reporting period:
any bet received and accepted by the casino operator using any counterfeit money or counterfeit chip within that reporting period; and
any money stolen from the casino operator or the possession of which has been transferred from the casino operator by extortion, criminal misappropriation, criminal breach of trust, cheating or any other fraudulent act committed against the casino operator within that reporting period.
Subregulation 2
If a casino operator which has deducted an amount under paragraph (1) is subsequently reimbursed or receives restitution in respect of any part of that amount, the amount reimbursed or received must be included in the net win of the casino operator for the reporting period in which the reimbursement or restitution is received.