online casino seek break from taxes
(AP) As West Virginia's four racetrack casinos face growing tournaments from across the state's borders, Several lawmakers introduced a measure Wednesday that would slash the taxes and fees they pay by an estimated $14 million a year and permit them to scale back racing.
And while the casinos aren't seeking to end racing West Virginia first legalized other forms of gambling at sites to support the racing industry they also need greater control of their costs, replied John Cavacini, Lobbyist and president of the state Racing association.
"If a racetrack is falling in value on racing, It has to consider a reduction of racing days and the viability of live racing, Cavacini said wed. "It's purely an economical, feature concept of the operation,
Groups from racing workers at the state's horse tracks did not respond to requests for comment Wednesday. Five Democratic senators subsidized the measure, consisting of two whose district includes the Northern Panhandle casinos. It would cut the annual fee that each casino now pays to host table games such as craps and roulette by more than half, because of $2.5 million so as to $1 million.
The fees benefit senior programs, And the bill proposes offsetting the ensuing annual $6 million revenue loss by dipping into the purse fund for race winners by that amount.
The state's share of table game proceeds would drop from 35 percent of gross receipts to 25 percent. This tax on table games enjoyed $78.1 million over the last budget year, And the proposed rate change might have reduced that amount by $7.8 million.
The bill pares down the minimum number of live racing days at all four tracks from 200 to 150. Actual racing days ranged from 210 days at the Northern Panhandle's Mountaineer Casino Racetrack Resort to 311 days at the fat tuesday Casino Resort in Kanawha County in 2011, The latest year for which figures were you can purchase the West Virginia Racing Commission. The measure would also allow each casino to set numerous races per day, A power now wielded by the Racing hire.
Mountaineer and the showmanship Casino at Charles Town Races in the Eastern Panhandle offer horse racing,mbt zapatillas, While greyhounds race at mardi gras and Wheeling Island Casino Resort in the Northern Panhandle.
Cavacini counted 14 competing gambling facilities that have opened in border states within the last four years. consist of two racetrack casinos in Pittsburgh, While Ohio has opened video slot rooms at seven racetracks as well as four standalone casinos. maryland, the particular, Has allowed slot machines since 2010 and on Wednesday granted a license allowing its first casino to offer table games since voters approved that expansion in November.
All 14 venues cited by Cavacini are within 150 miles of the upper Panhandle's two tracks, he was quoted saying.
"These monies would be used for retailing, pay increases, special gifts, Incentives for people to find the (on line casino), Cavacini said of the bill's terms. "make use of them be pure marketing dollars to try to win back the customers we have lost,
Mountaineer is owned by MTR video game, which also operates several of the competing Ohio gambling sites. The movie Casino is part of Penn National Gaming, Which also includes competitors in Ohio and pa.
many gamblers at West Virginia's casinos hail from other states. Even carnival, Which unlike the other sites is not in a border county, uses other states for twothirds of its patrons. But figures presented earlier this week by the Lottery transaction fee, Which oversees all casino gambling except race playing, Show that the instate share of gamblers is creeping upward not less than two of the casinos.
Cavacini cited how the casinos provided $430 million in revenues to mention, County and municipal government during the last budget year despite economic woes, And look for 4,000 people on the nonracing side of their action.
"We want to sustain that revenue stream, And keep former mate back',mbt barcelona,folks working. beneficial side,which is the upside goal, Cavacini documented,mbt outlet,相关的主题文章:
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