Cannery Casino Resorts co-owner Bill Paulos said Pennsylvania's high gaming tax rate prevents developers from investing heavily in casino projects there.
The Las Vegas-based gaming company opened a $50 million temporary racino 25 miles southwest of Pittsburgh last week and is building a $155 million permanent facility.
The state receives a 54 percent tax from gross gaming revenues but the burden to operators is closer to 60 percent when figuring in fees paid to local county and city governments.
"Many of the jurisdictions don't realize that sometimes by charging less taxes they'll get more out of it," Paulos said. "We would have certainly invested more money in building a facility but you just can't get a return on investment."
Las Vegas Review-Journal
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