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

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

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

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

The 16 per cent income tax rate switches into effect next week.

‘This one sort of came out of nowhere,’ Sands Casino Resort Bethlehem CEO Mark Juliano told The Morning get in touch with Allentown. ‘We’re not happy about. Pennsylvania is already the highest tax environment for casinos, but we’ll deal along with it.’

Feet in the Sands

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

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