Rivers Casino gets back, withdraws Lawsuit in tax Dispute

By | July 30, 2016

Rivers Casino gets back, withdraws Lawsuit in tax DisputeRivers casino has dropped its lawsuit in Pittsburgh regarding their yearly tax Payment of $10 Million revenue from slot machine gaming. The lawsuit was filed against it, a few weeks ago but the casino has withdrawn the lawsuit without any further comment or notification.

The casino made an announcement that the lawsuit filed by them regarding local share of tax based on the municipal portion in Pennsylvania Supreme Court and against the Pennsylvania Department of Revenue is withdrawn now.

The spokesperson of the Rivers casino Mr. Jack Horner did not commented on anything regarding why or what are the causes of the Lawsuit withdrawal. In Simple Gambling means, “Rivers Casino has folded its hands against the Municipal Corporation of Pennsylvania”

The Rivers casino owner i.e. Holdings acquisition co, had filed this particular lawsuit against Municipal Corporation, because of the Local share tax.

Lucky Red Casino

Almost all the casinos operating in the state have to pay more than 2% of their gross revenue on slot machine or a rate of a minimum $10 Million to the local municipal body of the state. Many casinos were paying this on behalf of their gross revenue generation, but it was Rivers which filed a lawsuit/case against the municipal corporation, saying that the rule is simply unequal.

According to the casino, the tax was in violation of the clauses due to the constitution of the state as well as of the United States.

Kevin Acklin, the chief of staff to the city’s Mayor Bill Peduto said that “we are very pleased to know that the Rivers casino has withdrawn their lawsuit against the corporation”. We will remain vigilant and defend our commitments to any casino operating in the state.

Two other casinos of the state named Mount Airy and Harrah’s Philadelphia have filed similar complaints and are remained same.