Friday, March 24, 2006

New Tax rises could Kill Super Casinos

Chancellor Brown plans to introduce high taxes on Super Casinos operators could scupper the chances of a Super Casino coming to Great Yarmouth, according to a senior industry insider the new tax proposals include taxing slot machines at massive £5000 each, meaning a the 1250 machines proposed by any super casino bid would incur a start-up fee of £6.25 million in tax alone.
The news was not greeted very well from the gaming industry yesterday, with senior officials claiming that the tax is to high and it could wreck plans for new casino developments across the country.
Great Yarmouth’s proposal for new Super Casino involves working with the hotel chain the Hilton Group. Great Yarmouth council hope a casino may give a much needed boost to regeneration for a deprived area.