|
Online gambling industry can bring taxes to declining economy?
 November 19, 2008, 9:11 am (3 years ago)American Gaming Association President and CEO Frank Fahrenkopf threw the edgy question of legalized and taxed U.S. Internet gambling when he had a conversation with the Global Gaming Expo in Las Vegas Tuesday this week. Following the last minute rush by the Bush supervision to rush supporting rules for the UIGEA through, Fahrenkopf told delegates that the online business could bring taxes for state governments feeling the deep end of declining casino incomes which lowered tax profits.
Fahrenkopf gave a summary of the down-sliding US financial system and its influence on the land-based gambling industry and state taxes, announcing that Nevada alone faced a $1 billion shortage this year.
Gaming incomes in the 12 states with commercial casinos have went down 2.5 % with the initial 9 months of 2008 and the trend deteriorated as the year continued, with a 4.6 % average downslide throughout the 3rd quarter, he explained, further with more detail the influence this has had in a business sense. Nevada gaming incomes dropped 6.6 % this September alone compared to the same period in 2007.
Automatic Translation
|
Comments (0)
