Taxes

MA Allots More Funds For S-Bred Racing

It has been reported this week that changes in the way Massachusetts distributes revenue it rakes in via slot machine taxes will provide a financial boost to the state’s harness racing industry.

KY Committee Passes Tax-Break Bill

February 11, 2016

On Wednesday, February 10 in Kentucky, the House Agriculture and Small Business Committee voted in favour of a piece of legislation that calls for taxes on agricultural items related to the horse raci...

Raceline Summary Available For Taxes

Horsepeople can now receive a comprehensive Driver, Trainer or Owner Raceline Summary for 2012 to help with updating records or to assist with income tax filing.

Report Names CNE As Best Spot For T.O. Casino Expansion

October 29, 2012

A highly-anticipated report by Toronto City Manager Joseph Pennachetti regarding casino expansion in the city was released today (Monday, October 29). The report has determined that gaming expansion a...

Milton: Taxes Could Increase 25% Without Gaming Revenue

Linda Leeds, treasurer for the Town of Milton, which is home to Mohawk Racetrack, has gone on the record as saying that taxes in Canada's fastest-growing community could skyrocket 25 per cent if the m...

Racino Chance Tied To Hotel Situation

December 20, 2011

An apparent last-minute move by a hotel owner in Upstate New York could very well prove to be wind in the sails of the Wilmot Corporation's hopes to get a racino in Onondaga County

Trois-Rivières To Be Seized, Auctioned?

October 13, 2011

The City of Trois-Rivières has issued an ultimatum to Senator Paul Massicotte in regard to his now-defunct raceway, Sulky Trois-Rivières

Delaware Racinos Want Relief

Dover Downs Hotel & Casino CEO Ed Sutor has gone on the record as saying that his track, Delaware Park and Harrington Raceway recently had to go their banks in order to pay their most recent licen...

Gamblers Can Write Off Expenses

According to a January, 2011 ruling by the United States Tax Court, professional gamblers' expenses to reach a casino or racetrack, and other expenses associated with the activity of gambling, can be ...