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”Immediate intrusion:The News-Gazette reported that CoGFA’s examination moreover determined that tax revenues from sportsbetting in Illinois were virtually non-existent for the period covered due to the fact that the activity was legalized only a few months before the pandemic shut down or delayed a host of major sporting tournaments.Churchill Downs Incorporated (Nasdaq: CHDN) has opened its .4 million Newport Racing & Gaming property in Northern Kentucky....
ive multiplier and a respin feature. The October 2, 2020 opening an extension of the license of its Turfway Park in Florence. Even with the resumption of wagering, it is expected that the ramifications of the pandemic on public confidence will persist for some time....
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.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.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....
Also included is a bar area offering quick eats and drinks.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.”...
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