Are you aware that mainland communist China last week lifted its ban on tour groups departing for Australia, UK and a small number of other nations?
This over time will see numbers rise, although I agree inbound international tourism is quiet (at only c.55 per cent of 2019 levels).
Last I read, Victoria has only about half the number of international students it had in 2019 (although Melbourne's CBD s busy with them: WOW supermarket downstairs in the QV Centre, Lonsdale and Swanston Streets, is a case in point).
The Victorian state Budget from May 2023 has this revenue forecast for each of the four FYs from 2023-24 to 2026-27 inclusive:
18 Chapter 1 2023-24 Statement of Finances1.2.1 Taxation ($ million)2023-24budget2024-25estimate2025-26estimate2026-27estimate
TAXES ON TAXES ON THE PROVISION OF GOODS AND SERVICES
Gambling taxes (Public lotteries 674 695 716 738
Electronic gaming machines 1 382 1 429 1 461 1 494
Casino 207 213 219 223
Racing and other sports betting 303 462 479 497
Taxes on gaming are rising and there's CPI to consider as a comparator, but it's not as if Victoria's broke (and extremely woke) government predicts that gaming taxes will reduce to zero or anything approaching that.
Are you aware that mainland communist China last week lifted its...
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