Toronto Area Casino Opportunities Dwindling As More Doors Slam Shut

Toronto Area Casino Opportunities Dwindling As More Doors Slam Shut

Apparently, Toronto and environs are significantly less than worked up about getting a swank casino resort like this Oxford rendering depicts.

O Toronto, Canada! You are doing not seem to cotton too much to the huuuge casino mobile basic idea of a casino, would you?

Toronto and areas that are outlying been earmarked and several designers have expressed curiosity about the area for creating a resort casino, but it would appear that planners are operating out of places that may be willing to accept a casino in their neighborhood. The latest area to block a casino is Vaughan, which has now voted against the idea of developing a casino here.

Vaughan Just Says No, Narrowly

The city of Vaughan rejected the casino plan in a 5-4 vote. Even though the vote had been very close, it echoed the outcome in other towns and cities in the Greater Toronto Area (GTA), as two others have actually already rejected this kind of idea as well as the two locations that are remaining not likely or at the least uncertain to allow a casino within their city limits.

Vaughan joins Toronto and Markham City as having formally refused casino deals. Toronto’s vote was the most infamous of all, as despite the support of Mayor Rob Ford, the town council rejected a downtown casino by a 40-4 vote. That ensured that the issue wouldn’t be coming up again within the not too distant future. Markham’s vote was also one-sided, though by the less margin that is dramatic of.

Ontario Lottery Corp. Getting Less Than Warm Reception

All of these votes are pertaining to a proposition through the Ontario Lottery and Gaming Corp., that will be looking to grow its reach in to the GTA that is western area. However, OLG is restricted on where they can place such a location, and lots of the proposed locations have previously refused such proposals into the past, or are expected showing small curiosity about this round of casino expansion.

Of this two remaining locations that have actually yet to vote this time around around, Richmond Hill is the more adamantly compared of the two.

‘we now have no interest in hosting a casino,’ said Mayor Dave Barrow. ‘we have never taken a vote to say yes or no, but whenever information came forward…we simply received it and took no action.’

Barrow pointed down that in addition to there being little regional interest in having a casino built there, there is also very little land that could even be utilized for such a large center.

‘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 populous 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. In the 1990s, Mississauga rejected a proposal that is similar.

‘It kind of floats back up,’ said long-time Mississauga Councilor Pat Saito. ‘Somebody comes forward and thinks it would have been a good idea again. The GTA is a very market that is attractive you to definitely come in and develop a casino.’

And it’s really likely that it’ll float back up once again into the future. Although the various rejections may make it unlikely for a casino to be built in the western GTA into the forseeable future, that doesn’t signify the idea will disappear forever.

‘it,’ Saito said if we say no, formally, and Richmond Hill says no formally, it’s not going to be the end of. ‘ Somebody can come right back and wish to do it another time, possibly hoping that if there’s a change on council there’ll be a change in attitude.’

UK National Lottery Provider Camelot Using Loophole to Pay Less Fees


UK National Lottery providers Camelot are accused of utilizing a tax loophole to pay less. Isn’t that why loopholes occur though?

As the National Lottery providers for Great Britain, Camelot earned enough from the public that is british pay an impressive load of taxes back into the country. But British paper The frequent Mail has revealed that Camelot has a view that is different the problem.

The Canadian-owned firm has been accused of exploiting a tax loophole, which the taxman is aware of but has never ever turn off (probably because the taxman created it in the first place), in purchase to avoid paying at least £10 million ($16,130,000) in corporate taxes in just a matter of weeks considering that the price of an admission for the national draw doubled.

Business Tax Loophole

Camelot is reported to have taken out high-interest loans from the parent company, using the Channel Islands Stock Exchange, and utilized the enormous interest payments to essentially reduce their particular profits, meaning they paid less taxation as the company as an entire still pocketed the profit a taxation haven.

The loans are said to have amounted to £172.6 million ($278,405,000), which in turn accrued £38.7 million ($62,423,000) in interest.

This tactic that is legal reported to have saved the business at 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 federal government’s estimations of £200 ($322.6) million annually, whenever they unveiled their awareness of the loophole last year. Apparently the powers-that-be aren’t quite as miffed about it all as some individuals think they should be, however.

Whom’s Being Naive, Exactly?

‘I find it extraordinary that [Her Majesty’s Revenue and Customs] HMRC could be so naïve as to deliver out a assessment document on closing a tax loophole to a number of vested interests, including a few of the very people who benefit, or whose clients benefit, from it,’ explained seat of the Commons Public Accounts Committee Margaret Hodge to The separate newspaper, additionally stating that she’ll ensure that the HMRC is provided a tough ride over the issue.

We’re not sure precisely why a general public figure believes tax loopholes are created in the first place, but allow’s simply say everyone is fully alert to their purpose, except, evidently, puffy politicians trying to act surprised about them to their constituents.

And even though Camelot has stated that ‘their analysis of our figures is inaccurate,’ they have made no effort to deny utilizing the loophole to decrease their tax bills.

‘Camelot complies fully with all UK regulatory, tax and legal requirements and it is a very significant UK taxpayer,’ said a Camelot spokesman, basically showcasing the actual fact that the law is allowing them to dodge some of these tax responsibilities.

‘In fact, in the time reported by The Independent, Camelot paid UK taxes well in excess of £1.5 billion,’ the spokesman added. Sounds like a national government lottery winnings to us.

Prohibited Vietnamese Gambling Den Results In Hidden Man’s Death

Police count cash from a illegal gambling den in Vietnam where one underground gambler suffocated. (Image source: TuoitreNews)

There are a good amount of bizarre stories related to individuals attempting to cheat casinos along with other gambling venues, as well as quite a few that have tragic endings. But few can rival the story of a young man from Vietnam who died recently while wanting 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 to come gamble in a location that is secret the Nghia Thang Commune. Nonetheless, Thanh already had other plans, as he and another guy had already come up with a scheme that is cheating could benefit a few of the members associated with the gambling den.

Small Quarters

That’s if they brought in 24-year-old Bi Van Trung to assist them carry their plan out. While the details associated with the plot are still under research, it required the conspirators to dig an opening about one meter (3.28 feet) deep under a floor of this gambling den. Trung would stay in that gap, making use of electronic products to help a number of the gamblers cheat (exactly how that would work, we cannot inform you).

The opening had been covered by four boards that are wooden making it tough to detect it also existed. A few holes were then punctured into the lumber, enabling air to enter the space and enable Trung to breathe while he was carrying out the program. That was the theory, anyway.

On the day’s the planned scheme, Trung worked his way to the gap at noon (with just three feet working with, we’re not sure exactly how he did any such thing, let alone breathe). The master plan was to keep Trung in the hole until the gamblers left, at which point the other people of the scheme would remove the panels and get him from the hole.

Plan Gone Awry

But someplace along the relative line, the program went horribly wrong. The same day, Ngo Vu Truong Hai another of the members involved in the scam heard a mobile phone ringing from the hole, and decided to take a look inside at about 6 pm. He removed the boards that are wooden found that Trung was still inside, unconscious.

During the time, Trung ended up being still alive. However, he was never revived and passed away on the real option to a hospital. According to investigators, it appeared as though Trung had suffocated to death.

Along with the death, local police additionally investigated the operations of this gambling den, shutting it down. When raiding the den, these were able to have a number of electronic devices gambling that is including units and mobile phones, also as 10 million in Vietnamese Dong ($470) in cash.

According to reports, the gambling den had hosted about 30-40 players each day, having an entry charge of VND 100,000 ($4.70) or even more per player.

While Vietnam has legalized gambling at casinos in the nation, just foreigners are allowed to play at such venues, with casino operators facing heavy fines if Vietnamese residents are observed on the casino floor. That means that many Vietnamese residents either travel to foreign countries to gamble at casinos, or participate in illegal games inside the nation. Even though the government of Vietnam has been hesitant to permit gambling for the citizens, citing concerns about the social impact of gambling, they have actually softened their stance somewhat in recent years: in 2012, the nation allowed gambling on displaying activities in an attempt to bring such gambling into a regulated market and away from underground gambling syndicates. And just this previous August, lawmakers met again to discuss the possibility of opening up area casino gambling to residents who meet specific income requirements.