A popular tourist resort in America has received the go ahead to open its own casino, which is to consist of a large number of table casino games. The historic Greenbrier Resort, in Virginia, has only recently received its license, which will allow it to extent its facilities further. It is hoped that the publicity surrounding the new venture will act to bring about a large amount of interest, and that tourists will be eager to go there once the new casino is build and running. The owner of the Greenbrier Resort has paid sixty five thousand dollars for the license, so will clearly be hoping that his investment will pay off.
The plans that the Greenbrier Resort has for its new casino development are ambitious. The Greenbrier Resort plans to build a ‘classy casino’, which will attract upmarket classes of people. Initial plans see everyone in the casino holding a champagne toast in the evening at eight o’clock. Other plans to make the casino outstanding have yet to come to light, since officials at Greenbrier are still in the planning stages. The Greenbrier Resort is already ahead of other situs slot casinos, however, since the facilities it boats are already luxurious. The hotel complex already includes restaurants, a golf resort and a spa facility, so adding a casino to this development is likely to add to what is already a thriving business.
This thriving business has not always been the case for the Greenbrier Resort, however. It was losing money in the millions until it was bought by its current owner in May this year. Previously the Greenbrier Resort had been world famous, even playing host to kings and presidents, but unfortunately nine years ago it lost its five star status. It then began to lose money, until it was rescued by investors just this year. This new development of a tasteful and upmarket casino is very likely to restore the Greenbrier to its former glory.
New Internet Gambling Legislation Introduced
Rep. Jim McDermott (D-WA) introduced today an updated version of the Internet Gambling Regulation and Tax Enforcement Act of 2010, a bill that would ensure that applicable taxes and fees are collected from a regulated Internet gambling industry in order to raise much-needed revenue for federal and state budgets. The most significant change from the previous version, introduced in 2009, is the addition of a provision that allows each State and Tribal Government to be paid six percent of all deposits placed by residents of their jurisdiction with licensed online gambling operators – a change that is expected to generate up to $30 billion over 10 years. Furthermore, the legislation would assign 25 percent of the federal revenue collected on gambling operators – estimated at $42 billion over 10 years – to provide assistance to children in foster care.
According to The Hill, (“McDermott bill would use revenue from new online gaming tax for foster kids”) Rep. McDermott favored the new provisions because “state government budgets have been hit hard by the recession and social services, like children’s health insurance, are suffering.”
Rep. McDermott’s legislation is meant to serve as a companion to the Internet Gambling Togel Hongkong Regulation, Consumer Protection and Enforcement Act of 2009 (H.R. 2267), legislation introduced by House Financial Services Committee Chairman Barney Frank (D-MA) that would permit licensed operators to accept online wagers from individuals in the U.S.