morongo casino video rouletteFirst, there’s a state’s need for more revenue. And a newly issued rosy economic forecast could remove the impetus for lawmakers to rush into gaming and cannabis legislation in 2021, according to Texas Tribune Executive Editor Ross Ramsey.“Some of the folks promoting casinos and marijuana sales in Texas were hoping the recession triggered by the pandemic would open legislative minds to the possibility of new ways to raise money without angering taxpayers,” writes Ramsey.In most cases, politicians love to get their hands on new revenue sources. A Century Casinos venue in Canada. aliante casino sports bookBut there’s a credible question as to whether Texas even needs the cash that would be provided by casinos and marijuana. First, there’s a state’s need for more revenue. Last week, Comptroller Glenn Hegar released the Biennial Revenue Estimate (BRE), which shows the state will have 2.5 billion for general purpose spending for the 2022-23 biennium.The revenue estimate represents an 0.4 percent decrease from funds available for the 2020-21 biennium,” according to Hegar. online slots real money no deposit bonus

hollywood casino jamul

blackjack casino videoBut the eight casinos are important contributors to Century’s overall financial picture.In the September quarter, those venues contributed four percent of the operator’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). Legalization of bingo, a lottery, and pari-mutuel facilities was born out of necessity, not foresight.The other wild card that could crimp casino efforts in Texas is California. Despite the fact Oklahoma is home to some of the largest tribal gaming venues in the US and Louisiana is the fifth-largest domestic gaming market, Lone Star State policymakers have long been unmoved by gaming dollars fleeing to another state.Impetus NeededAs Texas Tribune’s Ramsey points out, politicians in the state have a history of being reactive when it comes to gaming. mohegan sun casino uconnA Century Casinos venue in Canada. And a newly issued rosy economic forecast could remove the impetus for lawmakers to rush into gaming and cannabis legislation in 2021, according to Texas Tribune Executive Editor Ross Ramsey.“Some of the folks promoting casinos and marijuana sales in Texas were hoping the recession triggered by the pandemic would open legislative minds to the possibility of new ways to raise money without angering taxpayers,” writes Ramsey.In most cases, politicians love to get their hands on new revenue sources. Think New York’s recent signals that online sports wagering is on the table, or Illinois signing off on more casinos, recreational marijuana, and sports betting in nearly simultaneous fashion.The other argument is losing revenue to other states. thunder valley casino thunder valley casino

poker casino ohio

gold coast casino dreb codeSince December, Charles Scis mgm casino smoke freehwab, Digital Realty, Hewlett Packard Enterprise, and Oracle are among the companies saying they’re shifting headquarters to Texas from the Golden State.Those moves mean Texas will collect more corporate taxes, and the influx of employees brings opportunities for the state to generate more property and sales tax revenue. The Venetian operator is also said to be preparing a massive lobbying blitz with the hopes of bringing a high-end integrated resort to Texas.LVS scion Sheldon Adelson reportedly viewed Texas a plum untapped market in the US gaming scene. The ending 2020-21 balance will be close to a negative billion.”That billion represents a scant percentage of the 0 billion budget in the second-largest state.Some Momentum for the IdeaLast year, Las Vegas Sands (LVS) spent millis mgm casino smoke freeions supporting Republican legislators in Texas. However, that situation isn’t nearly as severe as it is in other states. As such, the company is warning that the COVID-19 pandemi“This decline is a direct result of the COVID-19 pandemic, which caused revenue collections to fall well short of what was expected when the Legislature approved the 2020-21 budget. blackjack casino game