Pennsylvania Casinos See Their Taxes Increased, Sheldon Adelson's Sands Bethlehem Suffers Most

Dining Table game revenue at Pennsylvania gambling enterprises will be taxed two soon percent greater, and the rise 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 steadily to look for new sources of income to bridge a $1 billion budget space in the state's spending plan for the upcoming year that is fiscal and gambling is enemy #1.

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

The 16 per cent tax price goes into effect week that is next.

'This one sort of came out of nowhere,' Sands Casino Resort Bethlehem CEO Mark Juliano told The Call in Allentown morning. 'We're unhappy about. Pennsylvania is already the highest tax environment for casinos, but we'll deal along 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 in the 2016 presidential election, Adelson's venue is considered the mos