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Online Casino News for Tuesday - January 18, 2005

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• Winnings for Louisiana casinos remain relatively flat
• Seminoles dispute IRS claim that they owe millions in taxes on casino bonds
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Winnings for Louisiana casinos remain relatively flat - 2005-01-18
With Louisiana's 15th and final riverboat casino allowed under the law scheduled to open later this year, the existing state-licensed gambling halls continued a trend in December of little overall growth in winnings. This is despite the addition of more wagering outlets.

The 14 river boats, the downtown New Orleans casino and three slot-machine casinos at race tracks took $175.8 million from gamblers last month, compared with $166 million in December 2003, state police reported on Tuesday.
Read the full story at The Ledger, FL
 
Seminoles dispute IRS claim that they owe millions in taxes on casino bonds - 2005-01-18
Seminole leaders are confident the bonds used to build their new hotels and casinos are not taxable under the law. They said others involved in the deal would have to pay any fines resulting from a recent ruling by the Internal Revenue Service.
Read the full story at Sun-Sentinel.com, FL
 







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