Slot Machines - News

Headlines About Slot Machines

Tax Rate Drop Approved

The Senate in Maryland has agreed to drop the tax rate for the Rocky Gap casino in the western part of the state. The casino has been having some difficulties getting people to bid on the location due to increased pressure and competition from other slot machines in the area, and so they had asked the state for a drop in their tax rate to make it more appealing. The slot machine revenue from the state will now be taxed at a much lower rate than it was going to be before, which is going to help them gain more momentum as a viable casino. The plan will now reduce their rate on the slot machines too 50% as opposed to the 67% that the state is currently listed to take from them.

This new rate will be in effect for the next ten years, where depending on the economic situation there could be a change or it could stay the same. The new bill will also let people who bid on the Rocky Gap territory own another slot machine casino in the state, which makes it much more appealing. There is also a provision that would change where the slot machines can be located – as right now you could not put any of the machines in the lodge and now you would be able to.

The state says that it is important that they get someone to take over the property as right now it is costing the state money that they do not have. The state has been supporting the location and getting someone in to run the slot machines would be a huge deal for them and a big relief financially.

Back to April Index - Slot Machines Fan

Slot Machines

Slot Machine News

Slot Machines - Books