Online poker proposal in California takes a hitCalifornian Indian casinos to allow more slot machinesPoker Players Alliance expresses support for Colorado poker appealPPA commends Senate bill for poker regulation
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Delaware casinos reach table games revenue agreement
Wednesday, July 29, 2009
DOVER, Delaware -- As reported by The News Journal: "The state and it's three casinos reached an agreement today on how the revenues from table games will be divided.
"Dover Downs CEO Ed
Sutor, who represented the casino industry, said they were willing to accept a split that will give 29.4 percent of revenues to the state, 66.1 percent to the casinos and 4.5 percent to horse racing.
"The industry will also pay a collective $13.5 million annual license fee that could be reduced if the casinos make capital investments or reach a revenue goal.
"Estimates put the first year's total revenue for table games at $108 million, a figure that would mean about $30 million for the state in the 2011 fiscal year..."