Gaming facilities in Indiana State have had a rough time to meet revenue and profit-making target for a long time now.
In fact, according to gaming authorities in the state, operators have not met their revenue projections for over ten years, something that is raising fears over the amount of money and time gaming companies spent in their respective investments.
Because of the ‘perennial’ revenue challenges, operators of the 13 current gaming facilities are now asking the state to look for ways to help them get out of the problem.
One of the ways gaming companies are suggesting, through their respective CEOs, is bail or legislation that would somehow enable them not to be compelled to meet certain tax measures.
However, a section of lawmakers still believes that gaming companies have the ability to solve their own problems.
In fact, those who are subscribed to the belief that gaming companies can solve their own problems say that individual gaming companies can try to remodel their respective floors and try out modern marketing strategies that will enable them attract more clients thus making real money online casino gambling sites a major channel of boosting the economy.
“I am not seeing the likelihood of any of us going back to open checkbooks again. It is my belief that gaming companies can try to be more self-sufficient,” said one of the gaming legislators who did not want to be named.
On what seems to many as the state making it even harder for gaming operators to resurface, current Bill AB 1350, which is likely to sail through to become law according to its current performance, talks tough on the way to get the money for the state. Ohio Gambling Growth Affected By Too Many Gaming Facilities.
The challenge, however, is how to balance the needs for the two parties-the state, which is in dire need of funds through tax to fund for many of her projects, and the operators who need the money to carter for their numerous expenditure that include the paying of employees.
While speaking on the challenge of striking a balance, Luke Kenley, the Senate Appropriations Chairman said, “Nobody can deny the fact that we are indeed partners with the gaming industry. We are striving to keep the industry as healthy as possible, but we intend they pay a lot of revenue to us because the state needs tax from them.”Four Winds Casino To Cut Indiana’s Revenue Collection By $350 Million, Says Research.
Indiana State casinos used to make a lot of money ten years ago when it seemed that it was the only state that offered high-end gaming solutions along the border with neighboring states. Now things have changed! Michigan and Ohio have options that seem closer.