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Monkey Slots - Mohegan Texas Expansion Under Re-Evaluation

With the exorbitant amounts of money that flows through the hands of pretty much any individual or group that ends up operating slot machines, it isn’t surprising that the next issue at hand is who get to keep the majority of it. It is a common practice for casinos to share a portion of their proceeds with the state government and the surrounding community, so that is a less arguable fact. But the percentage of which they will receive does tend to become somewhat of a sore issue.

This is the topic of debate in Texas where the Connecticut slot machine power house, Mohegan Suns at Pocono Downs, was in the process of planning its 400,000 square-foot casino that was to include 2,000 slot machines and a one hundred and forty million dollar budget until the area government sprung a surprise increase of the originally agreed fifty-five percent cut of their slot machine revenues up to a whopping sixty-five percent.

The casino group is in a bit of a shock about the sudden change of heart and is officially rethinking its plans to build in the area. “These comments are not intended as a threat or attempt to assert leverage—they are a statement of business reality,” explains one casino rep about their statement of uncertainty. They feel that with the initial out going cost at hand to develop the slot machine casino that the risk would be too great if there were that much of an increase in the governmental cut, “Downs Racing cannot absorb an additional tax obligation of this magnitude and maintain a plan for its gaming and harness racing business which provides for an adequate recover of, and return on, its investment.”