Sentences with phrase «of gambling revenue»

House Speaker Richard Corcoran alerted the possible need to reconvene legislators because of the potential loss of gambling revenue from the Seminole Tribe of Florida.

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

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.

Not exact matches

The sprouting of these islands of legality, observers predict, will spur other states to open up their cannabis markets lest they lose out on revenue and tourism, much as the casino gambling pioneered in Las Vegas became ubiquitous across the continent.

He explains that investors in the region focus on business fundamentals: revenue, number of customers and profitability, whereas Silicon Valley will gamble on the potential of a tech business model, looking at the number of new customers and growth rate.

In April, gambling revenue from Macau jumped 28 % — its 21st consecutive quarter of growth.

Read the prospectus carefully and pay special attention to: · The company's operating status — If the company has not begun operations or derives the bulk of revenues and earnings from sources other than its primary business, it is an outright gamble.

Businesses deriving more than one - third of gross annual revenue from legal gambling activities

In fact, binary option trading does not even incur any taxation because the Inland Revenue even considers it to be a type of gambling.

The revival of VIP gambling in the Chinese enclave helped Macau witness a 19 % gain in gaming revenue from the year before, and because Wynn Resorts (NASDAQ: WYNN) generates 60 % of its revenue from the region, it was able to overcome weakness in its Las Vegas operations and turn in fourth - quarter earnings and revenue that beat Wall Street forecasts.

The states of Nevada and Mississippi still take in substantial revenue from taxes on other forms of gambling.

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.

The great majority of the 183 tribes that have gambling facilities (in 28 states) bring in revenues of less than $ 1.5 million yearly.

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.

The Association of British Bookmakers was quoted by the Daily Mail as saying: «The increase in revenue from gaming machines in betting shops of three per cent [compared to the last report] is in line with the average growth in revenue across the whole of the gambling industry [three per cent] and growth in the economy as a whole.»

Although the policy game is a major source of illegal gambling profit, betting on sports is, perhaps, the largest in revenue and public interest.

Gambling on football brings in an estimated # 1 billion of revenue each year, whilst attendance globally is higher than ever before.

Gambling grilled Skelos on the tax code reform deal passed during last week's extraordinary session, repeatedly asking how it's possible that lawmakers» claims of an across - the - board tax cut while generating $ 1.9 billion in additional revenue could be true.

Opponents of gambling expansion in the state pushed back Thursday, saying such a move is about generating revenue so lawmakers can avoid raising taxes.

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.

Video lottery facilities like Vernon Downs pay 10 percent of their pre-tax gambling revenue to the state Gaming Commission to cover administrative costs.

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.

The City of Niagara Falls is set to receive a lump sum of $ 89 million after the settlement of a long - standing dispute between New York state and the Seneca Nation over gambling revenues.

But counting on that revenue is a gamble because there's no guarantee any of those expected conversions will occur anytime soon.

«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.

At a time when state taxes from traditional gambling like lotteries and casinos are flat or declining, a majority of states are now seeking to regulate — and possibly raise revenue from — daily fantasy sports sites.

A portion of the revenue generated by casino gaming is required by law to be directed to problem gambling, but Shafer believes both the state and casino companies have little interest in helping those with additions.

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.

Cuomo said in his State of the State address last week that he wants to expand casino gambling in New York, both as a revenue raiser and a job - creation vehicle.

Despite a rapid expansion of state - sanctioned gambling in recent years, revenue has been relatively weak, a report from the Rockefeller Institute of Government found.

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.

The revelation left a fog of uncertainty over Mr. Cuomo's drive to bring casino gambling to New York City, which his administration views as a key source of jobs and revenue.

The state will increase its share of revenue from video gambling machines and will allow a number of casinos to stay open later.

A new tax revenue generating project the governor is proposing is the construction of a convention center and gambling casino at the Aqueduct Racetrack in Queens.

Law said that was because an Orange County casino would have taken too much revenue from existing gambling operations closer to the city — and because many of the contenders faced financial uncertainties and environmental challenges.

Since the legalization of slots in neighboring Pennsylvania in 2004, Atlantic City gambling revenues have dropped between 10 and 15 percent, according to McGowan.

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.

Under the deal, Oneida County is getting the biggest share of the Oneida's annual payments to New York from its gambling revenue.

That would include the opening of a similar «full - service» casino within a 65 - mile radius of Aqueduct or if Resorts World's gambling revenue drops by 10 percent or more.

Turning Stone would be granted exclusive rights to Las Vegas - style gambling in Central New York, but the Oneidas would have to give a share of their slot machine revenues to the state.

New casinos will encourage problem gamblers To the Editor: Many people who favor expanding casino gambling in our state seem to overlook that problem gamblers provide about 50 percent of casino revenues.

Mr. Cuomo had led a campaign to expand gambling north and west of New York City as part of an economic development strategy to revitalize struggling areas, while providing jobs and revenues.

A number of gambling operations in New York and neighboring states has reported lower revenues since the vote amid the harsh winter.