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yetis

I think you're all full of it.

The reason why Macau can charge a 39% tax rate is because there are only 6 concessions in Macau and a guarantee that the gov't will regulate expansion of the market. Oh, and the fact that 1 billion people live right across the boarder with a genetic disposition for gambling!

Nevada (and AC) dropped the ball, not controlling the number of casino licenses and overall development throughout the state, even as other states (CA/PA) expanded gaming.

Having a very low tax rate makes/made sense, as the industry was growing, as it attracted significant investment to the region. Look at Singapore, very low tax rate by comparison and two of the most expensive casinos in the world.

Raise the tax rate today and you will see property redevelopment stop on a dime in Nevada. Note that in the past, Vegas has been able to reinvent itself. Raise taxes and that will never happen. You will also see overall visitation decline as casinos will no longer have the capital or the willingness to bring high $$ players into the Las Vegas market. You will kill the industry or at the very least, set the ball in motion for a continued decline in visitation.

tannsummers, your kidding me! LV Sun once again needs to check the quality of its sources. This is the same company that valued the mortgage pools so very INCORRECTLY, that got us into this mess in the first place!
https://www.corelogic.com/services/inves...

Look at its wonder "partial list" of clients...
https://www.corelogic.com/about-corelogi...

This company needs to create the most shocking analysis possible, to attract people to the company, as it looks to rebrand itself away from the its prior core growth segment.

If people wall away, where do they go? Very few states don't have income tax and the if they rent, that props up property values.

Shut it down and help the well run operations the chance to survive. (Also kick Resorts out on their a$$).

Hmmm, not sure anyone is asking for a bailout in Las Vegas. If three fail, it is not like the gaming industry will disappear. Further, there are some that believe Detroit is of strategic importance. Once again, not so with gaming.

Finally, so what if one failed from the eyes of the employee. While the 2-bit casino in middle of nowhere might shut down, it seems pretty unlikely that the Bellagio or the Venetian would go dark. The Tropicana in AC has been bankrupt for over a year and it still operates... The case for a bailout of Detroit is that Michigan already has the highest unemployment rate in the US, letting an car company go under is assuring its will never survive, except in pieces as the two other surviving operators hack away the choicest pieces of meat. Personally I think that is what should happen, but its nothing like the gaming industry!

They will never be like video games as law requires slot machines to give all players an equal chance.