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Tracks Continue Tax Break Calls

Facilities seek boost from reduction in state’s take

March 19, 2013

WHEELING — Officials at Mountaineer Casino, Racetrack & Resort and Wheeling Island Hotel-Casino-Racetrack often view each other as competitors, but they both want lower table gambling taxes....

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(10)

uglyassmf

Mar-19-13 12:57 AM

While I do think that the 2.5 million yearly fee is sort or rediculous i would like to know what the real numbers are. This article says they will lose revenue but it doesn't state any where how much profit per year they actually net with the table games. my point is if I was making a 7 million dollar a year clear profit after taxes and the next year I only made 5 million in clear net profits I wouldn't think I had anything to whine about.

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Gooseman

Mar-19-13 4:33 AM

Another too big to fail. Socialism for big business.

But if you were at the Island last weekend, you know the track had no mercy on you with the slot machines. Tell us what percentage the slots are paying out, like they do in PA. I doubt if its anywhere near 90% as in PA.

Track has enough money to get politicians to do whatever they want, end of story.

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Alphacentaur

Mar-19-13 10:13 AM

I am disappointed with this story. It took up place that could have been used to tell us what Jane doe had for breakfast and what mays' dog thinks of the guilty verdict.

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wvhoopie2

Mar-19-13 12:39 PM

Mountaineer really does not have much to say since they sold over 600 acres of oil and gas lease. Now that is a landslide of a profit but who would not take a taxbreak.

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richardwhee

Mar-19-13 2:05 PM

You can state {Profits & Losses} in so many different ways that we need an acconntnant to figure it out. They are always out for a tax break.

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bloomin

Mar-19-13 2:10 PM

Give them No more tax breaks. If they do not find the casino profitable as it is-close the doors. Many of the people over there are on medicare or medicaid. I agree with Gooseman-they do not disclose what they are paying out and I have been told that the fines for paying less is cheaper that paying out. I remember when it was a dog track. The casino has done nothing for this community. Maybe our politicians should suggest the Casino's open a brothel to offset their losses. When I am out of town and say I live in wheeling, the only thing people know about whg is the casino. We got nothing else, and I dont think the casino is anything to be proud of. Its just another way of stealing from the weak. We should have left the casino's for vacations to Vegas and Atlantic City. Its hurting locals as much as the drug problem, but state gets money so its ok.

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tgreen7597

Mar-19-13 3:02 PM

Maybe if they real casino management running the place they wouldn't be losing money and reduce management salaries like they did to the frontline employees cutting them down to part time. Here is a link to gaming revenue *******wvlottery****/tablegames/reports.aspx

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Ladydiamond

Mar-19-13 9:05 PM

Thieves don’t deserve tax breaks. The working poor citizens of West Virginia should get a tax break if anyone does. Having said that, I want to add that the quaint little website that shows the money thieved from people and the (so called) % of payouts are falsely stated. It does not show how much actual money that’s paid out to the players. It only shows how many points that the machines pay out which is a far cry from the actual true money paid. SO MUCH FOR GOVERNMENT TRANSPARENCY. A smart attorney who isn’t one of the “good old’ boys club” could really clean house with a lawsuit for this deception to the public. Any attorneys out there with morals and a backbone?

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Ladydiamond

Mar-19-13 9:16 PM

Bloomin, you are exactly right. Of course the fines are cheaper to pay than giving up (in payouts) the multi millions of dollars they steal from WV citizens and not only that, our government knows what’s going on and does nothing (except continue to occasionally fine them). A large amount of that money leaves our state, never to return, nor is it invested in West Virginia, except for the paltry scraps that are thrown to schools and senior centers. Take a look around. Do you see any noticeable improvements in anything?

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promo61

Mar-20-13 8:31 AM

I agree with LadyDiamond except for the stealing part. It's not theft if people willingly hand it over day after day, week after week. Tax breaks? No. Manage your business without the crutch of government support like everyone else. The revenue curve has to flatten out somewhere. If not, the inevitable crash will come at greater cost.

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