This past Tuesday, the governor signed into law a bill that has been several years in the making. The bill gives tax incentives to casinos that develop non-gaming entertainment facilities. That can be anything from golf courses, hotels or even convention centers.
After years of debate and years of similar bills dying in the state legislature, lawmakers finally saw the light this year and gave the bill a big thumbs up. No doubt, the economic might of the casino industry played a role in the decision. No doubt the sagging state economy played a role as well.
Casinos pump hundreds of millions of dollars into the state coffers every year, enabling the state to fund many programs that would otherwise go without. With this added tax break, we hope casino operators will take advantage of the situation, and build bigger and better facilities across the state. Facilities that will draw even more tourists and the money they spend while visiting here. That in turn will help turn our economy around. It's a win-win situation for both the industry and the state.
That's our opinion, we would like to hear yours. Email your thoughts to email@example.com, or post your comments below.
WLOX-TV Station Manager