The World Casino in New York City

Money from Casinos

The Government like taxes

During the month of May with $ 57.5 million in taxes from the operation of slots, Resorts World Casino New York City became the first American casino, moving in the list to all the remaining houses games in the country, including those in Las Vegas and Atlantic City.

Michael Speller, president of the complex said that “we have maximized the entries for the State of New York from the game in a way that has not been replicated by any other national structure.” More than 40 million or 70% of monthly income of the resort were for training, the field of horse racing and other state agencies as a public education fund.

According to a report provided by the same casino, resort, owned by Genting Group, “surpassed Las Vegas, Pennsylvania, Atlantic City, Connecticut and all other cities is the only individual that generated these entries only with slots installed eight months ago and the consequent amount of taxes, “said its president. “We are proud of the incredible income that this venture has left for the resort and the casino,” Speller said.

As comparative data, the casinos of Las Vegas as a whole sent to the State of Nevada in taxes about $ 30 million in April, while the 12 casinos in Atlantic City about $ 18.3 million to the State of New Jersey always in the same month, and the Mohegan Sun with the Foxwoods Resort Casino 28 million for the State of Connecticut in May.

The casino located in Queens near the South Ozone Park got better numbers in March, reaching a win of $ 59 million. The success of the New York World Resort comes at a time when Governor Cuomo and state legislators are pushing to pass a law on casinos with complete games in the state.

This is only another proof of how profitable these business ventures can be for the government and why more countries are now legalizing this form of entertainment.  Online gambling is now accepted in many places as well and this has only increased the number of people who are in favor of opening casinos worldwide.

Many governments have come to the need of legalizing this activity, because they get millions in tax returns, which helps them tom get out of debt and to actually pay for some of the jobs that they have made available for their citizens.  Resorts and casinos like the one in New York, can only be good for the economy these days and this is why these business ventures should be encouraged as much as possible.

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