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Online Casino News for Tuesday - January 27, 2004

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• Initiative may provoke yet more California gaming
• The casino business — without the nation's many...
• Casino free from $5.6M in taxes following settled lawsuit
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Online Casino News
The casino business — without the nation's many... - 2004-01-27
The casino business — not including the nation's various American Indian casinos — is a $27 billion annual business in the United States, according to the American Gaming Association, a trade group.

Nevada is at the top of the list, with $9.4 billion in gross gaming earnings in 2002, followed by New Jersey with $4.4 billion. But newer casino markets — Mississippi, Louisiana and Illinois — have all passed or are near to $2 billion.
Read the full story at Pioneer Planet
 
Casino free from $5.6M in taxes following settled lawsuit - 2004-01-27
The Imperial Palace will save over $5 million in property taxes during the next eight years under a settlement deal reached Monday.

A distinctly assigned Chancery Court judge agreed and stated that the county could not document how it chose the $128 million value. The judge stated that the value of the casino was $83 million.
Read the full story at Sun Herald
 







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