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Resorts World seeks uniform tax rates for New York downstate casinos

Regulation

Resorts World New York City said in an October supplemental application that it supports a standard tax structure for all downstate casinos once they are operating. Its proposal retains 56% slot and 30% table-game tax rates until competitors open, then calls for the same rates to apply across licensees; the Gaming Facility Location Board recommended the three finalists proceed to licensing on 1 December.

Resorts World’s proposal could set common tax rates for downstate casinos after competitors open.

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Regulation

Resorts World New York disputes $150 million annual racing payments

Resorts World New York City is disputing a New York Gaming Commission demand for at least $150 million a year in payments to support horse racing. The casino says it understood the payments would be covered by taxes it already pays, while the regulator seeks them in addition. Resorts World is lobbying for legislation to route the payments through the state's Commercial Gaming Revenue Fund before the legislative session ends on 10 June.

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