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CoGFA’s statement reportedly read…“Because of this, very little tax revenues, ,224 to be exact, were reported to have been received from the sports wagering tax in the fiscal year.ive multiplier and a respin feature.Churchill Downs Incorporated (Nasdaq: CHDN) has opened its ....
Inconvenient interruption:The newspaper reported that Illinois’ casinos were allowed to re-open from July 1 following an over 15-week coronavirus-induced shutdown so long as they agreed to abide by a range of capacity, social distancing and public health rules designed to help stop the spread of the highly-contagious infection.According to a report from The News-Gazette newspaper, this is the determination of the Commission on Government Forecasting and Accountability (CoGFA) with the biggest comparative decrease in combined receipts at 30% witnessed by the Midwestern state’s collection of ten riverboat casinos.Reportedly read a statement from CoGFA…“This decline is in large part due to the suspension of video gaming and casino operations between March 16 and June 30, which thereby prevented any revenues from being generated from these sources during this time period....
4 million Newport Racing & Gaming property in Northern Kentucky.Chief Executive Officer for Churchill Downs Incorporated, Bill Carstanjen, commented on the recent opening in a company press release…“We are thrilled that Northern Kentucky will be able to enjoy this premier entertainmenCoGFA’s statement reportedly read…“Because of this, very little tax revenues, ,224 to be exact, were reported to have been received from the sports wagering tax in the fiscal year....
However, local public health officials have since purportedly re-imposed more stern mitigation measures on the areas around the cities of East St Louis and Rock Island as the infection rate in these regions continues to surpass acceptable limits.Enduring experience:Even before the emergence of coronavirus and the investigation from CoGFA reportedly detailed that the casino industry in Illinois had been in decline with aggregated adjusted gross receipts having dropped by 42.”...
