TITLE

Lost Slot Revenues

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/10/2006, Vol. 356 Issue 32378, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the failure of collecting a total of 337 million dollars from slot machine revenues from the seven Indian tribes in Michigan. The uncollected taxes is derived from the tribe which signed an agreement with the state to pay eight percent of slot machine revenues in a condition that they held the monopoly on the machines.
ACCESSION #
20944796

 

Related Articles

  • Casino Control commission: Casino revenue still sliding. Daks, Martin C. // njbiz;11/16/2009, Vol. 22 Issue 46, p3 

    The article reports on the 6.5 percent decline in casino revenue in Atlantic City, New Jersey with a total of 346.3 million U.S. dollars for October 2009 compared to 323.8 million dollars during the same period in the previous year, according to the Casino Control Commission. Figures released by...

  • CHAPTER 17: TABLE GAMES. Miller, Richard K.; Washington, Kelli // Casinos;2008, p189 

    Chapter 17 of the book "Casinos" is presented. This chapter provides information on table games in casino in the U.S. Over the last five years, table games have increased in popularity. That trend continued in 2007 as the share of wager wins garnered by table games rose two percentage points...

  • Quarterly Arizona casino contribution down 9.4%.  // Inside Tucson Business;8/10/2009, Vol. 19 Issue 10, p4 

    The article reports on the reduction in the gaming revenue among tribal casinos based on the data gathered from the Arizona Department of Gaming. The gaming industry found a total of 9.4.% reduction on its revenue in the end of the second quarter of 2009. Moreover, it mentions that 22 casinos in...

  • Gaming initiatives pack November ballot. Gibbons, Valerie // Business Journal Serving Fresno & the Central San Joaquin Valley;4/9/2004, Issue 323228, p3 

    Reports on the Indian gaming initiatives in California. Approval of nontribal businesses to offer slot machines; Expenditure of revenue toward education and public safety programs; Development of pre-determined card rooms and racetracks.

  • Strong year for casinos in Switzerland as their take climbs to €492 million. Rutherford, James // International Gaming & Wagering;Jun2005, Vol. 26 Issue 6, p8 

    Reports on an increase in the revenues posted by several casinos in Switzerland in 2004. Portion of the total revenues accounted for Class A casinos; Percentage of revenues accounted for slot machines and table games; Composition of the Swiss gambling industry.

  • Racino operators look to tax reform to pick up the pace. Rutherford, James // International Gaming & Wagering;Jun2004, Vol. 25 Issue 6, p1 

    Reports on the revenue performance of tracks operating video gaming machines in the gambling industry in New York as of June 2004. Comparison of the revenue of video lottery operations in Delaware, West Virginia and Rhode Island to the performance of the state; Factors that affect the revenue...

  • California casinos install controversial lottery-style games. Stutz, Howard // International Gaming & Wagering;Dec2004, Vol. 25 Issue 12, p26 

    Focuses on the issue of installing video lottery terminals in California. Effect of installing video lottery terminals on casinos; Number of slot machines or casinos that could be operated by tribes under the terms of the original gaming compacts which were ratified by voters in March 2000;...

  • Golden handshake.  // Casino Journal;Aug2004, Vol. 17 Issue 8, p10 

    Reports on a deal signed by California Governor Arnold Schwarzenegger with California tribes related to gambling. Nature of the deal; Tribes involved in the negotiations; Report from CIBC Work Markets regarding the slot market.

  • The New Special Interest. Whalen, Bill // Campaigns & Elections (1996); 

    Discusses the role of the Native American gaming tribes in U.S. politics. Promise of gaming tribes in California to spend millions against an initiative which would require them to pay 25 percent of their gross slot machine revenue to the state; Efforts of political parties to court the Native...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics