Sam S Town Casino Shreveport Louisiana tate Senate chamber. Gamblers eagerly await to enter the Amelia Belle riverboat casino following its closure by COVID-19. Louisiana casinos could soon offer their guests tax-free gambling credits. admiral casino motherwell (Image: Brooks Kubena/The Advocate)Senate Bill 5, introduced by Sen. Ronnie Johns (R-Lake Charles), would allow casinos to issue up to million annually in tax-free promotional play credits. Any money the casino won from the free marketing money given to gamblers wouldn’t be subject to the state’s standard 21. 5 percent tax on gross gaming revenue (GGR). golden nugget casino hotel lake charles nugget hotel and casino reno nv Louisiana’s gaming industry employs nearly 20,000 people. poker casino holdem texas Many of those jobs are at risk because of the coronavirus pandemic. Johns says SB5 will help offset some of the losses the casinos suffered during their two-month closures ordered by Louisiana Gov. John Bel Edwards (D). casino zurich roulette

The casino industry, whether we like it, don’t like it, whatever, has been here for many, many years,” Johns said this week. “It was voted on by the people in the locales that it’s located in. ”Reports from the Louisiana Gaming Control Board (LGCB) reveal that 2020 GGR is down 2 million through May. “They’re on their heels right now from COVID,” Johns added. Casino Bailout, at What Cost? The coronavirus has already resulted in one casino casualty. ruby slots vip DiamondJacks in Bossier City announced in May that it would close permanently due to “business circumstances. ” That brought the total number of Louisiana casinos to 1borgata casino towels5. Fourteen are riverboats, Harrah’s New Orleans the lone land-based venue with slots and table games. Boyd Gaming, operator of three Louisiana riverboat casinos (Sam’s Town, Treasure Chest, Amelia Belle) and two racinos (Delta Downs, Evangeline Downs), informed the LGCB earlier this week that it is considering laying off as many as 1,500 workers in the Pelican State. With more than 400 casino workers at DiamondJacks terminated, Louisiana’s gaming industry is already looking at a workforce reduction of nearly 2,000 positions.

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Though jobs are being slashed, not all state lawmakers are on board with SB5. Sen. black lotus casino 100 no deposit bonus 2020 sam s town casino tunica buffet Karen Carter Peterson (D-New Orleans) — who has struggled with her own gambling addictions in the past — expressed concerns during the bill’s consideration in the Senate Revenue and Fiscal Affairs Committee. cliff castle casino gift shop She opined that allowing casinos to lure players with promotional credits they won’t have to pay tax on is a risky solution. “Everybody in here [Senate committee], whether you’re on the committee or in the audience, knows someone who has ruined their family, who has spent all of their retirement money because of gambling,” she declared. “We can’t ignore it. Free 50 Lions Slots Online Xlau ”Tax SavingsDespite Peterson’s apprehensions, SB5 passed the Senate 26-8 yesterday. She was one of the nay votes. choctaw casino website A fiscal analysis of the legislation suggests Louisiana casinos would save nearly million in taxes over a five-year period. cache creek casino restaurants The Legislative Fiscal Office saysborgata casino towels the casinos would save . 2 million during the 2020-21 fiscal year, . Casino Hotel New Jersey Oxur

2 million in 2021-22, . 3 million in 2022-23, and . 6 million in each of the next two years. downstream casino kansas slot casino games real money In 2019, promotional play wagers represented approximately 10 percent of Louisiana casino GGR. seneca niagara casino entry fee desert diamond casino ceo When proceeds from the state lottery are included, Louisiana’s gaming industry delivers the state more tax money than even its oil and gas industry. The Best Free Online Slots Muye The I-15 Tropicana Avenue Project being built by the Nevada Department of Transportation is set to receive million in federal funds. That’s after President Donald Trump said yesterday he’s allocating such money to assist in its construction. The project to reduce congestion at the I-15 interchange at Tropicana Avenue will receive federal assistance, President Donald Trump says. Santa Ana Casino Resort Albuquerque Vsps (Image: Mick Akers/Las Vegas Review-Journal)The 0 million project includes replacing the interstate’s existing interchange structures, and widening and lengthening the Tropicana Avenue bridge that passes over I-15. coushatta casino weather Other