Milwaukee Casino Withholds Tax Payment

    Last post ago over 2 years by Lipstick
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      • Archnye
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        • last active 31 min ago

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        Potawatomi Casino in Milwaukee has refused to makes its revenue payment to the state of Wisconsin due to Gov. Scott Walker's consideration for the opening of a competing casino in nearby Kenosha.

        Potawatomi is run by the Ho-Chunk Nation and the new casino would be run off-reservation by the Menominee Nation. It would increase revenue for the state; however the deal that the Ho-Chunk tribe has will make the state responsible for its losses created by the opening of this new casino. Losses could be so significant that Potawatomi may end up owing nothing to the state.

        The governor has until February 19, 2015 to make a final decision.

        Potawatomi has been building a new hotel and it's fabulous so the new casino would have quite a high expectation to live up to.
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        If I was a resident of that state and a non-gambler I would take serious issue with a deal like that! If its expected that the losses will cancel out their entire tax bill, that has to be a massive loss of income for the state - what about in future years, surely the arrangement cannot be more than a one off?
      • Putting on lipstick emoticon 1
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        • last active 13 min ago
        Will be interesting to see how this turns out. I agree it would really be hard for another casino to live up to Potawatomi! I am really looking forward to going back there again at some point.

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