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Paper City Development Company, a developer hoping to build a casino at the site of a Holyoke country club, has volunteered to share a sliver of its net gaming revenue with surrounding communities, touting the “revenue sharing plan” that would supplement any additional state aid that results from expanded gambling itself.
Under the
Detroit Mayor Dave Bing this morning laid out an aggressive financial plan that would increase the casino tax by up to 3%, delay pension payments and reduce the citys cost of worker health care and fringe benefits by 20% through concessions.
Detroits $155-million budget deficit will grow to $1.2 billion by 2015 if drastic steps are not taken to cut costs, Bing told City
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Use of, or registration on, this site constitutes
Partners in Foxwoods Casino filed an appeal Monday in Commonwealth Court seeking to reverse the revocation of their $50 million license to build a casino in South Philadelphia.
In their petition,
Atlantic City casino gambling revenue fell 6.7 percent in March from a year ago amid increased competition from nearby markets.
Proceeds shrank to $280.5 million, New Jersey’s Division of Gaming Enforcement said today on its website. Slot machine revenue at the 11 casinos fell 5.3 percent to $196.3 million, and table game winnings dropped 9.9 percent to $84.2
New figures show revenue at Atlantic City's 11 casinos fell by 6.7 percent in March, as the decline in the nation's second-largest gambling market appeared to be lessening.
It was the second straight month that the decline was measured in single digits, which passes for progress in a resort battered
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