Casinos Ask SD To Change Revenue Reporting
by Associated Press
June 07, 2012 10:07 AM
Deadwood casinos are asking South Dakota's gambling commission to change the way it reports revenue figures to give a better picture of the industry's health.
Revenue figures released monthly by the state Commission on Gaming combine the amount gamblers wager of their own money in slot machines and at card tables with the money the industry spends on free promotional play. The free play draws in customers but casinos say it also hurts their bottom line because it's taxed.
The tax dispute is the subject of a lawsuit that is making the gambling commission hesitant to change the reporting rules.
Deadwood Gaming Association President Tom Nelson says separating the reporting of free play and actual play would help clarify casino revenue.