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Casino Clubs NSW
Profits, Tax, Sport and Politics
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See moreCasino Clubs NSW describes how big clubs have attained and retained a dominant position in the gaming industry. While recognising the positive role of small mutual clubs, it questions the continuing government support to big clubs through tax and regulatory concessions and it refutes claims that the bulk of gaming profits is spent on community contributions and sport sponsorship.
Casino Clubs NSW describes how big clubs have attained and retained a dominant position in the gaming industry.
Book Hero Magic formatted this description to make it easier to read. While it's new and
still learning, it may not be perfect - your
feedback is welcome!
Description
The NSW club gaming industry is a multi-billion dollar business with some of the largest registered clubs in the world operating more poker machines than many casinos, but not subject to the same scrutiny. Their status as 'mutuals' allows them to pay little, if any, corporate income tax and low state tax rates on gaming profits.
Casino Clubs NSW describes how big clubs have attained and retained a dominant position in the gaming industry. While recognising the positive role of small mutual clubs, it questions the continuing government support to big clubs through tax and regulatory concessions and refutes claims that the bulk of gaming profits is spent on community contributions and sport sponsorship.
Casino Clubs NSW presents the story of public campaigns, private lobbying, and back-room machinations aimed at blocking a 2003 decision by Premier Bob Carr and Treasurer Michael Egan to increase taxes on the gaming profits of big clubs. Carr and Egan resisted that campaign, but incoming Premier Iemma backed down in order to obtain the support of some disaffected backbenchers. The price for the premiership has been a loss in state taxes of hundreds of millions of dollars—and rising.
Book Details
INFORMATION
ISBN: 9781920899400
Publisher: Sydney University Press
Format: Paperback / softback
Date Published: 13 October 2009
Country: Australia
Imprint: Sydney University Press
Illustration: 22 b&w ill., 33 tables
Audience: Professional and scholarly
DIMENSIONS
Spine width: 12.0mm
Width: 176.0mm
Height: 250.0mm
Weight: 470g
Pages: 211
About the Author
Betty Con Walker is an economist with experience in the private and public sectors, including the New South Wales Premier's Department and the New South Wales Treasury.
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