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

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

Dining Table game income at Pennsylvania casinos will soon be taxed two percent greater, and the rise will most greatly affect the Sands Casino Resort in Bethlehem.

Pennsylvania casinos will quickly start paying higher taxes on revenues generated at their tables. Lawmakers in Harrisburg continue to look for brand new sources of income to bridge a $1 billion budget gap in the state’s investing plan for the upcoming year that is fiscal and gambling is enemy # 1.

The Republican-controlled legislature recently approved increasing fees on casino table games from 14 to 16 percent, a seemingly modest hike that in reality will pay substantial dividends. In accordance with calculations, the state stands to get an additional $17 million annually from the 2 percent bump.

The 16 percent tax price adopts effect week that is next.

‘This one kind of came out of nowhere,’ Sands Casino Resort Bethlehem CEO Mark Juliano told The Morning contact Allentown. ‘We’re unhappy about. Pennsylvania is already the tax environment that is highest for casinos, but we’ll deal along with it.’

Feet in the Sands

The tax increase on Pennsylvania casinos will impact that is most the Sands Bethlehem resort. Owned by billionaire Sheldon Adelson, one of Donald Trump’s biggest financiers within the 2016 presidential election, Adelson’s venue is considered the most profitable casino within the Keystone State.

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