Toronto Area Casino Opportunities Dwindling As More Doors Slam Shut
Apparently, Toronto and environs are significantly less than stoked up about getting a swank casino resort like this Oxford rendering depicts.
O Toronto, Canada! You do not seem to cotton way too much to the basic idea of a casino, would you?
Toronto and outlying areas have been earmarked and several designers have expressed desire for the area for making a resort casino, but it would appear that planners are operating out of places which may be prepared to accept a casino within their neighborhood. The area that is latest to block a casino is Vaughan, which has voted against the notion of developing a casino here.
Vaughan Just Says No, Narrowly
The city of Vaughan rejected the casino plan in a vote that is 5-4. Even though the vote ended up being very close, it echoed the outcomes in other towns and cities in the Greater Toronto Area (GTA), as two others have already rejected such an idea as well as the two remaining places appear unlikely or at the very least uncertain allowing a casino within their city limits.
Vaughan joins Toronto and Markham City as having formally refused casino deals. Toronto’s vote was the absolute most infamous of all, as despite the help of Mayor Rob Ford, the city council rejected a downtown casino by a vote that is 40-4. That ensured that the issue wouldn’t be coming up again in the future that is near. Markham’s vote was also one-sided, though by the less dramatic margin of 9-4.
Ontario Lottery Corp. Getting Less Than Warm Reception
Most of these votes are related to a proposal through the Ontario Lottery and Gaming Corp., that will be looking to expand its reach in to the GTA that is western area. However, OLG is limited on where they can place this type of location, and many of the proposed locations have previously refused such proposals into the past, or are expected to exhibit little curiosity about this round of casino expansion.
Associated with two locations that are remaining have actually yet to vote this time around, Richmond Hill may be the more adamantly opposed of the two.
‘no interest is had by us in hosting a casino,’ stated Mayor Dave Barrow. ‘we have never ever taken a vote to no say yes or, but when information came forward…we simply received it and took no action.’
Barrow pointed out that in addition to there being little regional interest in having a casino built there, there ‘s also very little land that could even be utilized for such a facility that is large.
‘as far away from residential properties as we could, we would literally have to place it on Highway 7,’ he noted if we were to place it where most municipalities seem to be placing it.
The final city that’s on the list of proposed casino locations has yet to make such a strong statement against having a casino in their borders on the other hand, Mississauga. But that could be because the city of Mississauga has yet to be approached by the OLG or any developers these times rather than because there’s growing support for the Las Vegas-style casino there. Into the 1990s, Mississauga rejected a similar proposition.
‘It type of floats straight back up,’ said long-time Mississauga Councilor Pat Saito. ‘Somebody comes forward and believes it would be a great idea again. The GTA is definitely a market that is attractive someone to come in and build a casino.’
And it’s likely that it will float back up once again into the future. Whilst the different rejections may make it unlikely for a casino to be built into the western GTA in the forseeable future, that doesn’t signify the idea will disappear forever.
‘If we say no, formally, and Richmond Hill says no formally, it’s not likely to be the conclusion of it,’ Saito said. ‘ Somebody will come back and want to do it another right time, perhaps hoping that if there’s a change on council here’ll be a modification in attitude.’
UK National Lottery Provider Camelot Loophole that is using to Less Fees
UK National Lottery providers Camelot are accused of using a tax loophole to cover less. Isn’t that why loopholes exist though?
Due to the fact National Lottery providers for Great Britain, Camelot earned enough from the Uk public to pay a whopping load of taxes back to the country. But UK paper The frequent Mail has revealed that Camelot has a different look at the situation.
The Canadian-owned company has been accused of exploiting a tax loophole, that the taxman is aware of but has never power down (probably as the taxman created it to start with), in order to avoid paying at least £10 million ($16,130,000) in corporate taxes in simply a matter of weeks considering that the price of an admission for the national draw doubled.
Corporate Tax Loophole
Camelot is reported to have applied for high-interest loans from the parent company, utilising the Channel Islands Stock Exchange, and utilized the interest that is enormous to really reduce their own profits, meaning they paid less income tax as the company as an entire still pocketed the money in a tax haven.
The loans are said to have amounted to £172.6 million ($278,405,000), which then accrued £38.7 million ($62,423,000) in interest.
This tactic that is legal reported to possess saved the business at the least £10 million in taxes since just April 2010.
Each year in fact, according to Corporate Watch and The Independent, at least 30 other organizations are said to be using such a method to reduce and avoid tax payments in the UK, which could amount all the way up to £500 ($806.5) million in lost taxes.
These numbers conflict quite significantly with the government’s estimations of £200 ($322.6) million annually, whenever they unveiled their knowing of the loophole this past year. Apparently the powers-that-be are not quite as miffed about it all as some people think they ought to be, however.
Who’s Being Naive, Exactly?
‘I believe it is extraordinary that [Her Majesty’s Revenue and Customs] HMRC could be so naïve as to send a consultation document out on shutting a tax loophole up to a group of vested interests, including a number of the really people who benefit, or whose clients benefit, from it,’ explained seat of this Commons Public Accounts Committee Margaret Hodge to The Independent newspaper, additionally stating that she will ensure that the HMRC is given a tough ride over the issue.
We’re not sure exactly why a public figure thinks tax loopholes are made in the first place, but let’s simply say every person is fully alert to their purpose, except, evidently, puffy politicians trying to act surprised about them with their constituents.
Even though Camelot has stated that ‘their analysis of our numbers is inaccurate,’ they have made no effort to deny utilizing the loophole to decrease their income tax bills.
‘Camelot complies fully with all UK regulatory, tax and legal requirements and is a very UK that is significant,’ said a Camelot spokesman, basically highlighting the very fact that the law is enabling them to dodge some of their tax obligations.
‘In fact, in the time scale reported by The Independent, Camelot paid UK fees well in excess of £1.5 billion,’ the spokesman added. Sounds like a national government lottery win to us.
Prohibited Vietnamese Gambling Den Results In Hidden Man’s Death
Police count cash from a unlawful gambling den in Vietnam where one underground gambler suffocated. (Image source: TuoitreNews)
There are a lot of bizarre stories related to individuals attempting to cheat casinos and other gambling venues, and also quite a few which have tragic endings. But few can rival the story of a new man from Vietnam who passed away recently while attempting to help gamblers cheat at a gambling den that is illegal.
The story began with Nguyen Ngoc Thanh, a 28-year-old who invited about 20 people in the future gamble in a secret location in the Nghia Thang Commune. However, Thanh already had other plans, as he and another man had already come up with a cheating scheme that could gain a few of the members associated with gambling den.
That is once they brought in 24-year-old Bi Van Trung to help them carry away their plan. Whilst the details of the plot are still under research, it required the conspirators to dig an opening about one meter (3.28 foot) deep under the floor of this gambling den. Trung would stay in that opening, utilizing electronic devices to assist a few of the gamblers cheat (exactly how that would work, we cannot tell you).
The gap had been covered by four wooden panels, making it hard to detect that it also existed. Several holes were then punctured into the timber, permitting air to enter the area and allow Trung to breathe while he was carrying out the master plan. That ended up being the theory, anyway.
Regarding the day of the planned scheme, Trung worked his way to the opening at noon (with just three feet working with, we’re not sure how he did anything, let alone breathe). The program was to keep Trung in the hole before the gamblers left, at which point the other users of the scheme would take away the boards and get him out of the hole.
Plan Gone Awry
But somewhere along the relative line, the program went horribly wrong. At about 6 pm the exact same time, Ngo Vu Truong Hai another regarding the people included in the scam heard a mobile phone ringing from the hole, and decided to have a look inside. He removed the wooden panels and discovered that Trung was still inside, unconscious.
At the right time, Trung ended up being still alive. However, he had been never ever revived and died on the real solution to a medical center. According to detectives, it showed up as though Trung had suffocated to death.
Along with the death, local police also investigated the operations of this gambling den, shutting it down. When raiding the den, they were able to have a number of electronic devices including gambling control units and mobile phones, too as 10 million in Vietnamese Dong ($470) in cash.
According to reports, the gambling den had hosted about 30-40 players each with an entry fee of VND 100,000 ($4.70) or more per player day.
While Vietnam comes with legalized gambling at casinos in the nation, just foreigners are permitted to play at such venues, with casino operators facing hefty fines if Vietnamese residents are located on the casino floor. That means that many Vietnamese residents either travel to foreign countries to gamble at casinos, or participate in unlawful games inside the nation. As the government of Vietnam has been hesitant allowing gambling for its citizens, citing issues in regards to the social impact of gambling, they have actually softened their stance somewhat in recent years: in 2012, the nation allowed gambling on displaying events in an attempt to bring such wagering into a regulated market and away from underground gambling syndicates. And simply this past August, lawmakers met once more to discuss the possibility of opening up area casino gambling to citizens who meet certain income requirements.