Sentences with phrase «gambling revenue for»

Not exact matches

Casino floors have been noticeably quieter this year in Macau, where gambling revenues have fallen for an unprecedented 16 months straight.

Provincial governments devote some portion of gambling revenue to gambling addiction research and treatment (for example, in B.C., the total is 0.5 %; in Ontario, it's 2.6 %; and in Quebec, it's 2.3 %) but it appears that Canadians would like to see more done.

When asked if this is the best use of gambling revenue, most Canadians would rather see the money earmarked for specific purposes.

MGM Resorts may be known for gambling, but nearly half of the company's revenue comes off the casino floor — and in the U.S., the percentage is much higher than 50 %.

While they do not pay taxes on gambling revenues, they must use the majority of the proceeds for the common good of the tribe.

Because of the state government's interest in increasing gambling revenues, there is little concern for rehabilitating those addicted to gambling, and the churches offer little help to these victims.

He denies that such an agency would prove a political hot potato in a state which depends so heavily on gambling for its revenues.

Proposals to allow Internet poker in New York is dividing the gambling industry, with some companies predicting increased revenue for state government while others warn it would threaten existing gambling facilities.

Gambling companies have argued for years that New York loses billions of dollars a year to casinos in Connecticut and New Jersey, costing the state jobs and tax revenue.

Shadow chancellor Ed Balls called the decision to reduce the top rate of income tax to 45p a «gamble» - and pointed to figures from HM Revenue and Customs (HMRC) which the independence Office for Budget Responsibility (OBR) has labelled «highly uncertain» to back his case up.

Local mayors and county executives across the state, including Albany Mayor Jerry Jennings, say they back the amendment because host communities will receive millions of dollars in revenue from the gambling centers for tax relief.

In recent days that agenda has focused more on Upstate as Cuomo rolled out details for expanded gambling, then two revenue - sharing agreements with Native American - run casinos, and now a tax program that would favor communities with SUNY schools that are primarily outside of New York City.

Kristin Davis, the self - professed «Manhattan Madam,» made a case for raising revenue by proposing to legalize marijuana and casino gambling, and also offered some of the best barbs of the night.

The Oneida Nation secured its exclusive rights to operate casino gambling in the 10 - county region in exchange for sharing for the the first time gambling revenue each year generated from their casino operations.

The casino legislation offers new details, like the rates of taxation for the gambling centers, which would be set at 25 % of profits, and lays out how the revenues would be distributed to state and local governments.

«For state legislators, it is much harder to raise taxes on income or sales or cut spending on education or other vital services, while legalizing and expanding gambling is seen as a relatively easy and painless source of revenue and job growth,» said Lucy Dadayan, the Rockefeller analyst who wrote the report.

Gambling proponents typically overstate the amount of revenue that lotteries and casinos will generate for state treasuries.

With the Legislature considering bills to legalize online daily fantasy sports sites like FanDuel and DraftKings, some lawmakers and advocates say any revenue for the state should go toward education, as has been traditional for gambling - generated cash in New York.

Nationally, revenue from gambling for states was largely flat, increasing by 0.6 percent between 2013 and 2014.

Things are looking up for most of the nation's commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady.

However, the real problem is that gambling revenues that were to go to education do not enhance the general budget percentage for ed, but rather replace it.

A new report shows the opening of three new casinos in Upstate New York last year has sharply increased the state's gaming revenue, but it hasn't necessarily meant great things for the already existing businesses in the gambling industry.

Cuomo is pressing for major changes to the state's charitable gambling laws to help the charitable groups reverse the slump in revenues that has eaten into their support of local activities due to expanded lottery and commercial gaming.

It provided the Oneidas with a monopoly on casino gambling in a 10 - county region in exchange for them sharing each year for the first time gambling revenue from Turning Stone Casino & Resort with the state and with the 10 counties.

A 2013 settlement with the Oneida Indian Nation of New York provided that the Oneidas would get a monopoly on casino gambling in a 10 - county region in exchange for them sharing for the first time gambling revenue from Turning Stone Casino & Resort with the state and with the 10 counties.

Daily net revenue for OTB averaged $ 881 per machine, the highest among New York State's 11 video gambling sites.

«Cuomo wants tax cuts for his wealthy contributors, so he pushes gambling instead to raise needed state revenues.»

The 30 - year bond will be paid back using gambling revenue earmarked for Onondaga County, stemming from a deal between the state and the Oneida Indian Nation.

«In fiscal year 2014, gambling revenue has weakened,» concludes the survey which found that, adjusted for inflation, revenues dropped nearly 1 percent between 2013 and 2014.

With legislative support for casino expansion uncertain, the General Assembly's finance committee will dig into revenue implications for the state in the third gambling expansion bill to be considered by state lawmakers this session.

The Oneidas are expected to pay $ 50 million a year to the state from gambling revenues at Turning Stone casino in return for a casino monopoly in a 10 - county area.

To raise state revenues without increasing traditional taxes, Cuomo is expected to continue to push for a constitutional amendment to expand gambling in New York to up to seven new non-Indian run casinos.

Some legislators are concerned that the allure of money - both revenue for the state and campaign contributions from major gambling interests - has effectively killed any debate about the impact of gambling on New Yorkers, especially as the state just recently allowed the construction of a number of casinos.

Although the regulation and concession of licenses has cleaned up the panorama of online gambling, in the report «we clearly present one piece of unquestionable data: unauthorized websites are still open; they create unfair competition for operators who are legally authorized to offer their product in Spanish territory and, in addition, they cause a major loss of revenue for the Government,» denounces Professor Cases.

Las Vegas is the gambling capital of the US, with state gambling taxes accounting for over one third of general fund tax revenues.

I would venture to guess that online gambling will only become more popular as the government seeks new sources for revenues.

But when you are gambling on an increase to revenues for all competitors, your returns will be larger with the «worst» company.

Tired of seeing basically good companies tossed out the door for petty infractions, Pax wrestled with its conscience, then changed its guidelines in October to allow it to invest in such companies, so long as their gambling or alcohol revenues are just minor sidelines.

The boards of the two companies have agreed key terms for the proposed merger which would create a gambling company with a revenue of over # 1.1 bn.