Canada Will Increase Funding for Educational Institutions Through Casino Revenues
Canadian authorities have made an amendment to the legislation regarding the financing of public educational institutions. If the amendment is adopted, that part of the proceeds from the casino will be donated to the development of educational programs. Delegate Maggie McIntosh, who chairs the Appropriations Committee, said the taxes from the gambling business would go not only to fund educational institutions. They will also improve the overall health of Canada.
State Senator Joan Carter Conway noted that educational systems are a top priority for spending. Funding for educational programs has been very low in recent years, even though six casinos in the state have been active. Online casinos gain popularity as well, increasing their profit constantly. There are a lot of reasons for them to be successful. For instance, CasinoChan online casino offers lots of bonuses and profitable advancements for its gamblers. Accordingly, the taxes of such platforms may become an excellent source of revenue for public schools.
Authorities said that the amendment to the legislation will be soon introduced. Bush, an Ann Arundel County Democrat, called the proposals an idea that needs to be considered in detail but has not yet expressed support for the amendment. He pointed to the challenges Canada was facing on its way to a new federal tax bill that was signed into law recently.
In general, the Senate administration is eagerly awaiting details on the amendment, and will certainly pay due attention to this issue. And the government is definitely waiting for the opportunity to discuss all the proposals.
California Attracts New Investments in the Region’s Gambling Business
Not only the casino of Canada is thriving presently. Casino operators in California (USA) are investing in the development of the gambling business in order to be able to compete with the gambling zone in Las Vegas.
- In the state of California, casino operators are innovating in the gambling market in order to strengthen their potential and be able to compete with the neighbouring city of Las Vegas.
- The city is the most famous gambling centre in the United States. According to a recent study, 27% of all Las Vegas tourists come from California.
- Therefore, casino owners in this region have decided to increase investment in gambling services for residents and boost the regional economy.
- The operators plan to enhance their current casino services by adding integrated resorts, which will include shops, spas, restaurants and entertainment centres.
Catherine Spilde, director of the Sichuan Institute of Games at the University of San Diego said: “Integrated Resorts are an enhanced model of the gambling business, where games are just part of a huge entertainment complex.”
It was also reported that the Soboba Band of Luiseno Indians recently conducted a test opening of a new casino in California. The ceremony was held last Monday. The gambling business is developing fast and local authorities are planning to use their revenues for improving other important issues of the country. People support this approach, as many casino establishments refuse to legalize their services.