11-27-2015, 06:41 AM
if the Hawaiian government has enough sovereignty to open a casino, the real fight begins
The industry standard for casinos is a 92% income retention for the house, and 8% paid in winnings to their players. That coincidentally, is the same tax payment to tax benefit ratio I'd estimate I pay and receive with my Hawaii Excise, State, and Real Property Taxes. The House always wins.
Maybe the Hawaiian Nation aligning itself with the casinos is more honest and transparent than what we have now. At least with the casinos, you can count on them treating the premises and protecting their customers from dengue.
The industry standard for casinos is a 92% income retention for the house, and 8% paid in winnings to their players. That coincidentally, is the same tax payment to tax benefit ratio I'd estimate I pay and receive with my Hawaii Excise, State, and Real Property Taxes. The House always wins.
Maybe the Hawaiian Nation aligning itself with the casinos is more honest and transparent than what we have now. At least with the casinos, you can count on them treating the premises and protecting their customers from dengue.
"I'm at that stage in life where I stay out of discussions. Even if you say 1+1=5, you're right - have fun." - Keanu Reeves