Online Casino News

Legislators promise to retrieve money from casinos - 2004-02-04
Iowa Republican legislative leaders on Tuesday promised to prevent taxpayers from having to pay millions of dollars to racetrack casinos after an Iowa Supreme Court ruled that racetracks can't be taxed differently from riverboats.

"We'll find another way to recoup that money from the casinos, absolutely," pledged House Speaker Christopher Rants, a Sioux City Republican.
"Casinos shouldn't go spending their winnings just yet. The rest of the taxpayers in the state aren't going to get stuck with that liability."
Read the full story at DesMoinesRegister.com

Gambling opponents say casinos' payments come with a price - 2004-02-04
Groups that redistribute millions of dollars of Iowa's casino revenues to charities and nonprofit groups are touting the contributions they make to local communities, but opposers of expanding the gambling industry say that charity is coming at a price.
By law, it is mandatory for groups that present gaming licenses to dole out the profits of their casinos or racetracks to non-profit groups once they have paid taxes and operating costs.
Read the full story at Sioux City Journal