43°F
weather icon Clear

Gaming industry refuses to pay more to help solve state budget crisis

The Nevada Resort Association announced Thursday night that the gaming industry won't agree to a Democratic plan to obtain $32 million more a year from casinos to help balance the state budget.

Lawmakers have been trying for days to negotiate a deal with the industry, which lost $6.7 billion in fiscal year 2009.

If Democrats can't get the casinos to agree to cough up more revenue, it puts in jeopardy their whole budget-balancing plan that attempts to avoid deep cuts in education and social services.

Key Republicans have said they won't support any revenue-raising plan that the target industry doesn't accept.

"The Nevada Resort Association announced tonight that it could not reach consensus among its statewide membership to support a legislative proposal to increase $32.5 million in fees that the gaming industry pays annually to the State of Nevada," the group said in a statement.

The association cited the $6.7 billion loss, a record decline in casino revenues, and nearly 34,500 layoffs in the past year.

The trade association represents most major casinos in Nevada.

Contact Laura Myers at lmyers@reviewjournal.com or 702-387-2919.

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
Justice Department releases massive trove from its Jeffrey Epstein files

The files, posted to the department’s website, include some of the several million pages of records that officials said were withheld from an initial release of documents in December.

MORE STORIES