Pennsylvania Casinos See Their Fees Increased, Sheldon Adelson’s Sands Bethlehem Suffers Most

Pennsylvania Casinos See Their Fees Increased, Sheldon Adelson’s Sands Bethlehem Suffers Most

Dining Table game revenue at Pennsylvania gambling enterprises will soon be taxed two % higher, and the increase will many greatly affect the Sands Casino Resort in Bethlehem.

Pennsylvania gambling enterprises will begin paying higher soon taxes on revenues generated at their tables. Lawmakers in Harrisburg continue to look for brand new sources of income to bridge a $1 billion budget gap in hawaii’s spending plan for the upcoming year that is fiscal and gambling is enemy # 1.

The legislature that is republican-controlled approved increasing taxes on casino table games from 14 to 16 per cent, an apparently modest hike that in reality can pay significant dividends. Based on calculations, the continuing state stands to get an additional $17 million annually from the two per cent bump.

The 16 % tax rate switches into effect next week.

‘This one sort of came out of nowhere,’ Sands Casino Resort Bethlehem CEO Mark Juliano told The Morning Call in Allentown. ‘We’re not happy about. Pennsylvania is currently the highest tax environment for casinos, but we’ll deal with it.’

Toes in the Sands

The tax increase on Pennsylvania gambling enterprises will impact that is most the Sands Bethlehem resort. Owned by billionaire Sheldon Adelson, certainly one of Donald Trump’s biggest financiers into the 2016 presidential election, Adelson’s venue is considered the most profitable casino in the Key Continue reading