Casinos to plead for legislative relief again
DOVER — Delaware’s casinos are set to make the same recommendations for legislative relief for the third year in a row.
At a meeting of the Video Lottery Advisory Council Tuesday, casino executives laid out details of the current picture. The market remains “saturated” because of competition in neighboring states, Dover Downs Hotel & Casino President and CEO Ed Sutor. Combined with tax rates the casinos see as stifling, the out-of-state attractions are hurting the state’s gaming industry, although Dover Downs did make a profit of $1.9 million in 2015.
The plan the council is set to approve next month would contain several recommendations, listed in order of preference.
The first option would be to alter the revenue-sharing formula, lowering the tax rates when revenue is down and increasing them when more money is flowing in.
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