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Slots to Offset Casino Fee Drop

Wheeling track presses for reducing state’s take

March 29, 2013

WHEELING — Jim Simms was glad the West Virginia Senate Judiciary Committee advanced a bill to lower the annual fee for table gambling Thursday, but he was disappointed the same bill would now make i......

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(18)

BrianW

Mar-31-13 4:53 AM

This isn't about jobs. DNC, their puppet Simms, and the politicians working for them don't care about the table gaming jobs anymore than they care about the poop shoveling jobs in the racing industry. This is about increasing corporate profits in a heavily taxes industry. Slots profits are high enough that no jobs have to be lost, not table gaming jobs or racing industry jobs.

Snyder's amendment was an improvement, a solution rightfully preserving all the jobs, whether table gaming and racing industry related. Like I say though, none of us are foolish enough to believe this is about jobs, keeping money in state or any other bogus lines we've been fed. It's about maximizing profits in a heavily taxed industry. Atoddh hit the nail on the head with the common sense solution, a sliding fee scale or simply a set tax %. Wheeling is having to pay the same fee as Camptown even though Wheeling has a mere fraction of the revenue. Base it on revenue so it is fair for all. Problem solved

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DickCiampa

Mar-30-13 7:15 PM

Looking at this statement:

"Maybe it is time to take a hard look at the tens of millions of dollars that are flowing to out-of-state breeders - and instead, focus on keeping jobs in West Virginia," Simms said.

I have to wonder if it's true.

The Wheeling programs online didn't indicate which dogs were WV bred and which weren't so I turned to Iowa which has a good Iowa bred incentive program as does WV.

At Bluffs run almost 75% of the dogs are Iowa bred.

Assuming that number is close to how many are WV bred how much money is really flowing out of the state. The WV breeders program is more stringent than the Iowa one so I would say Mr. Simms statement is incorrect.

On top of that how many industries keep most of their money in state, If you own a stock that pays a dividend and don't live in the state where the corporate headquarters is, your monthly dividend is going out of state.

If I live in Ohio, but work in WV I am taking your money out of state.

It happens eve

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legal6

Mar-30-13 11:01 AM

I love Snyder's ammendment. It's precisely what every voter wants from their elected officials. He basically said, hey, you're making millions and millions off the sales of carrots and not so much on the sale of beets. Take some of your carrot money and help the beets section.

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mikeyd

Mar-30-13 7:45 AM

if these places can't make it on their own then close them down.the rest of us are in the same boat these days but we ain't whining about having to pay taxes.sell some of your fancy buildings to raise some revenue.i'm sure that the owners are doing well.

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uglyassmf

Mar-29-13 7:24 PM

@WVU Jeff .. I never claimed to be a lawyer. On the other hand one thing I am is a casino employee in WV. Delaware North Corporate office is in Buffalo NY. I work for that company sometimes. I also have a gambling license. I'm just saying they should post the truth in the newspaper articles instead of saying revenue is down and is projected to be lower this year. Most people read that and think they are losing money. My guess is nothing is further from the truth and if they don't have enough business to warrant the employees they aare going to lay them off regardless of how much of a tax break the state of WV gives them. It's a horse crap scare tactic. They will lay these employees off regardless. Unless the state makes them keep the employees as part of the new bill some WILL lose their jobs. they are not going to pay people to stand there and do nothing.

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legal6

Mar-29-13 6:12 PM

wvujeff;

Jacobs family is in Mass and DNC headquarters is Buffalo, NY

Good grief.

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wvujeff

Mar-29-13 5:57 PM

@ legal6

Wheeling Island Casino is owned by Delaware North Company, not a company in NY or MA. They own and operate casinos in those States, but the parent company name pretty much reveals where they are based, don't ya think?

On the brighter side of things, Simms' last day as President of Wheeling Island Casino is supposed to be March 31, 2013. So, perhaps brighter things are ahead.

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wvujeff

Mar-29-13 5:55 PM

@ uglyassmf

If you actually knew the law regarding the reporting of gambling revenues, then you would realize that you can go here to "see the books" for all of the Casinos in WV... ***********state.wv.us/lottery/vidsum.htm

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wvujeff

Mar-29-13 5:50 PM

@ daWraith

Wheeling Island Casino has been around for decades. If you want to yap about parasite businesses that prey on people's weaknesses, then you should start pointing the finger at State Governments.

For example, the Government of the State of West Virginia has become so dependent on gambling revenues that we have gone from having no lottery, to having online lottery and scratch-off tickets, to having limited video lottery.

Stop criticizing the casinos, of which there are only 3 in the entire State of West Virginia. They aren't the poison of society, the gaming parlors that are on nearly every street corner are the real problem. Those are the places people go to and waste their paychecks across the State of West Virginia.

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wvujeff

Mar-29-13 5:45 PM

@ cigarbob

I don't know where you get your math, or knowledge of what employers have to pay out for an employee being on their payroll. However, you have left out a significant amount of money that employers must pay. In fact, if you want a more accurate number for your estimate, then you should double the salary of each employee - BEFORE benefits are paid.

There are payroll taxes, both local and federal, that must be paid, which include Social security and Medicare taxes. There are also Unemployment taxes that have to be paid in case an employee is terminated and is eligible for unemployment benefits. Add in any benefits paid by the Casino (health insurance, vision insurance, dental insurance, 401K, etc.) and your so-called "profit" disappears quickly.

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uglyassmf

Mar-29-13 2:16 PM

Once again...we have heard over and over again about revenue losses and projected future lost revenue. if you want money from the citizens then open your books and let us see what the net profit is. If you have twenty eggs in a basket and you lose two or three then life isn't so bad.

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atoddh

Mar-29-13 1:56 PM

The best solution would be a sliding fee scale based on revenue or no fee with a straight % of sales.Every incentive to modernize the casinos should be made by the State.It is to the State's-and public's- advantage.

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legal6

Mar-29-13 11:04 AM

Simms says, "take money from out of state breeders." What about the fact that your company has taken hundreds of millions out of WV to your owners in NY and Massachusetts. Duh. Not to mention the many many people employed by the horse and dog industry. Horse and dog people are not rich. Simms' bosses (out of state) are. This guy says dumber and dumber things everyday.

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cigarbob

Mar-29-13 10:00 AM

Based on the casino revenue from table games of 5,300,000,I did the math.After paying the state 45% tax leaves 2915000. They have 12 dealers and 3 pit bosses sunday thru thursday.Dealers are paid minimum wage. Pit bosses 18.00 per hour. I doubled the employee wages on friday and saturday . Wages for the period in the article are 760000.This leaves 2,155,000.They give very little "comps" meaning free drinks or meals. Other then employee insurance, what else is there? 80% of the casino is slot machines(their revenues are not mentioned), but the state knows that is. I think there is creative accounting here and the state knows that too.

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Hefner

Mar-29-13 9:15 AM

Even theft isn't profitable.

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VincentVega

Mar-29-13 9:13 AM

The bill will be amended closer to the original proposed by Senators Fitzsimmons and Yost. Herb Snyder was permitted to stage his opposition only to protect the political interest he devours from Charles Town Casino & Racetrack. President Kessler will support our most pragmatic and thoughtful representatives.

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Ladydiamond

Mar-29-13 8:48 AM

These thieves should not get any incentives to stay in the business of robbing the citizens of West Virginia. They have already bankrupted a large number of citizens who are compulsive gamblers and there have even been suicides directly resulting from this incidious addiction. Just how bad do these ignorant people need money that they would continue on in this destructive business.

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daWraith

Mar-29-13 6:22 AM

{BleeP} 'em! They are just a a {bleeping} PARASITE business that preys on people's weakness.

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