29 Feb Pennsylvania Casinos See Their Taxes Increased, Sheldon Adelson’s Sands Bethlehem Suffers Most
Dining Table game revenue at Pennsylvania gambling enterprises will soon be taxed two percent higher, and the rise will most greatly affect the Sands Casino Resort in Bethlehem.
Pennsylvania gambling enterprises will soon begin paying higher taxes on revenues generated at their tables. Lawmakers in Harrisburg continue steadily to look for new sources of income to bridge a $1 billion spending plan space in the state's spending plan for the upcoming year that is fiscal and gambling is enemy # 1.
The legislature that is republican-controlled approved increasing fees on casino table games from 14 to 16 per cent, a seemingly modest hike that in reality will probably pay substantial dividends. In accordance with calculations, the continuing state stands to get an additional $17 million annually from the two per cent bump.
The 16 percent tax rate switches into effect week that is next.
'This one kind of came out of nowhere,' Sands Casino Resort Bethlehem CEO Mark Juliano told The Morning get in touch with Allentown. 'We're unhappy about. Pennsylvania is currently the highest tax environment for casinos, but we'll deal with it.'
Feet in the Sands
The tax increase on Pennsylvania gambling enterprises will impact that is most the Sands Bethlehem resort. Owned by billionaire Sheldon Adelson, one of Donald Trump's biggest financiers within the 2016 election that is presidential Adelson's ven