4. Value of contract

In these Regulations, any reference to the value of a contract is a reference to —

the total amount of money or money’s worth payable at the completion of the contract in respect of the performance of the contract —

including any amount payable for goods or services which may be acquired by an option granted under the contract; but(ii)excluding any goods and services tax (or equivalent tax) payable in relation to the supply of the goods or services under the contract; and

where a number of distinct contracts are entered into in connection with the same casino operator —

with the same vendor; and

within a continuous period of 12 months (including any period before 21 September 2026),the aggregate value of all such contracts, each computed in accordance with sub‑paragraph (a).

If the value of a contract or variation of a contract is denoted in foreign currency, in determining whether an amount of foreign currency is equivalent to a Singapore dollar amount under these Regulations, the amount of foreign currency is to be converted to Singapore currency at the exchange rate applicable at the time the contract or variation is entered into.

Despite paragraph (1)(b), if, in the opinion of the Authority, any contract forms part of a series of contracts that may reasonably be considered to have been entered into with a view to evading the provisions of the Act and these Regulations in relation to notifiable contracts, the value of the contract is the total amount of money payable, in respect of the performance of such of the contracts in the series as the Authority may determine.

In these Regulations, any reference to the value of a contract is a reference to —

the total amount of money or money’s worth payable at the completion of the contract in respect of the performance of the contract —

including any amount payable for goods or services which may be acquired by an option granted under the contract; but(ii)excluding any goods and services tax (or equivalent tax) payable in relation to the supply of the goods or services under the contract; and

where a number of distinct contracts are entered into in connection with the same casino operator —

with the same vendor; and

within a continuous period of 12 months (including any period before 21 September 2026),the aggregate value of all such contracts, each computed in accordance with sub‑paragraph (a).

If the value of a contract or variation of a contract is denoted in foreign currency, in determining whether an amount of foreign currency is equivalent to a Singapore dollar amount under these Regulations, the amount of foreign currency is to be converted to Singapore currency at the exchange rate applicable at the time the contract or variation is entered into.

Despite paragraph (1)(b), if, in the opinion of the Authority, any contract forms part of a series of contracts that may reasonably be considered to have been entered into with a view to evading the provisions of the Act and these Regulations in relation to notifiable contracts, the value of the contract is the total amount of money payable, in respect of the performance of such of the contracts in the series as the Authority may determine.