Dover Downs casino open on Christmas Day for the first time

Dover Downs Hotel & Casino will allegedly be available on Christmas Day for the first time ever in the small Mid-Atlantic country ’s history.

According to the Delaware State News, for the first time since slot machines were approved at Delaware in 1994, it’s currently legal to bet at Delaware’s trio of casinos such as Dover Downs, Delaware Park Casino at Wilmington and Harrington Raceway & Casino, formerly Midway Slots, on Christmas and on Easter, courtesy of legislation signed by Gov. John Carney on June 30 this year.

Passage of tax relief bill:

Long sought by leaders at Delaware casinos that state they’t struggled without taxation relief, the law decreases the state’s share of revenue from slot machines by about one percentage point, from 42.5 percent or 41.5 percent. Additionally, it cuts the dining table game taxation in half, to approximately 15 percent, suspends the dining table gambling licensing fee and will reduce, casinos’ taxation burden $16.8 million by 2020.

According to the news portal, a provision at the casino relief charge allows for the state’s casinos to be available 24 hours a day, 365 days a year and to specifically operate video lottery terminals (VLTs). VLTs differ from slot machines because you will find a pre-determined number of winners, and players compete with each other for a decoration instead of against the house.  VLTs are most frequently found in Indian gambling casinos or racinos.

State’s other casinos won’t follow match :

But Dover Downs is the only one from those three which will be taking advantage of the shift in the law tomorrow. Both of the sites for another two casinos signify they will be closed on Christmas.

” McGlynn added the first time Christmas opening became “a little portion of the give and accept ” during discussions with the nation for new tax aid.

Up from past years, over 300 rooms at the resort have already been booked for December 25th, stated McGlynn.

“that the Size of the expense“

“Folks don’t even know that the magnitude of the expense of this sort of operation, and even though we got some modicum quantity of relief, a lot of it went away with the minimum wage growth, increased healthcare costs, increased payments to slot vendors,” McGlynn added.

Last year reduction :

In January, using their fourth-quarter results for 2017 in, Dover Downs Hotel & Casino reported a 1,068,000 loss for the year, compared to a $786,000 gain reported for the calendar year prior.

Blaming the earnings sharing policy at the time, McGlynn stated, “Once more the firm demonstrated substantial gaming operational profitability which once more was completely wiped out by an unfair and outdated gaming revenue sharing formula,” he said. “Legislation was introduced to implement a more fair and realistic formula and we expect the Delaware Legislature and Administration will act favorably on it. ”

For workers and clients alike, feelings were allegedly conflicted about Dover Downs being available on Christmas Day.