Toronto Region Casino Opportunities Dwindling As More Doors Slam Shut

Toronto Region Casino Opportunities Dwindling As More Doors Slam Shut

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

O Toronto, Canada! You are doing not appear to cotton way too much to the idea of a casino, would you?

Toronto and areas that are outlying been earmarked and several designers have expressed desire for the area for making a resort casino, but it seems that planners are operating out of areas which may be willing to accept a casino inside their neighborhood. The latest area to block a casino is Vaughan, which has voted against the thought of building a casino there.

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 results in other towns and cities in the Greater Toronto Area (GTA), as two others have actually already rejected such an idea therefore the two locations that are remaining not likely or at 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 probably the most infamous of all, as inspite of the support of Mayor Rob Ford, the city council rejected a downtown casino by a 40-4 vote. That ensured that the issue wouldn’t be coming up again within 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 pertaining to a proposal through the Ontario Lottery and Gaming Corp., that will be looking to grow its reach to the western GTA area. However, OLG is restricted on where they can place this type of location, and most of the proposed locations have previously refused such proposals within the past, or are anticipated to show little interest in this round of casino expansion.

For the two remaining locations that have yet to vote this time around around, Richmond Hill could be the more adamantly opposed of the two.

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

Barrow pointed out that in addition to there being little neighborhood interest in having a casino built there, there ‘s also very little land that could even be properly used for such a large center.

‘If we were to place it where most municipalities appear to be placing it, as far away from domestic properties as we could, we’d literally have to stick it on Highway 7,’ he noted.

On the other hand, Mississauga the ultimate city that is one of several proposed casino areas has yet to produce such a strong statement against having a casino within their borders. But which may be because the populous city of Mississauga has yet to be approached by the OLG or any developers this time around rather than because there is growing support for the Las Vegas-style casino there. Within the 1990s, Mississauga rejected a proposal that is similar.

‘It sort of floats straight back up,’ said long-time Mississauga Councilor Pat Saito. ‘Somebody comes forward and believes it will be a idea that is great. The GTA is a very market that is attractive someone to come in and develop a casino.’

And it’s likely that it’ll float backup once again in the future. As the different rejections may make it unlikely for a casino to be built into the western GTA within the near future, that doesn’t imply that the idea will fade away 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 back and wish to do it another time, perhaps hoping that if there’s a change on council there’ll be a modification in attitude.’

UK National Lottery Provider Camelot Making Use Of Loophole to Pay Less Taxes

 

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

Due to the fact National Lottery providers for the uk, Camelot earned enough from the public that is british pay an impressive load of taxes back into the country. But UK newspaper The regular Mail has revealed that Camelot has a different view on the matter.

The Canadian-owned company has been accused of exploiting a tax loophole, which the taxman is conscious of but has never shut down (probably as the taxman created it in the first place), in purchase to avoid spending at the least £10 million ($16,130,000) in business taxes in simply a matter of weeks because the cost of a ticket for the national draw doubled.

Corporate Tax Loophole

Camelot is reported to have removed high-interest loans from the parent company, utilizing the Channel Islands Stock market, and used the enormous interest payments to basically reduce their own profits, meaning they paid less income tax as the company as a whole still pocketed the money in an income tax haven.

The loans are stated 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 the least £10 million in taxes since just April 2010.

In reality, according to Corporate Watch and The Independent, at least 30 other organizations are said to be using this kind of method to reduce and avoid taxation repayments in the UK, which could amount all the way up to £500 ($806.5) million in lost fees each year.

These figures conflict quite significantly with the us government’s estimations of £200 ($322.6) million yearly, when they revealed their knowing of the loophole year that is last. Apparently the powers-that-be are not quite as miffed they should be, however about it all as some people think.

Who’s Being Naive, Exactly?

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

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

And while Camelot has stated that ‘their analysis of our numbers is inaccurate,’ no effort has been made by them to deny utilizing the loophole to decrease their taxation bills.

‘Camelot complies fully with all UK regulatory, tax and legal requirements and it is a very UK that is significant,’ said a Camelot spokesman, basically highlighting the very fact that regulations is enabling them to dodge some of their tax duties.

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

Illegal Vietnamese Gambling Den Contributes To 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 lot of bizarre stories related to individuals trying to cheat casinos as well as other gambling venues, and even quite a few that have tragic endings. But few can rival the story of a young man from Vietnam who died 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 whom invited about 20 people in the future gamble in a location that is secret the Nghia Thang Commune. Nevertheless, Thanh already had other plans, as he and another man had already think of a scheme that is cheating could gain a few of the members of this gambling den.

Small Quarters

That is once they brought in 24-year-old Bi Van Trung to help them carry away their plan. Although the details of the plot are nevertheless under investigation, it required the conspirators to dig a hole about one meter (3.28 foot) deep under a floor regarding the gambling den. Trung would stay static in that opening, utilizing devices that are electronic assist a few of the gamblers cheat (exactly how that would work, we cannot inform you).

The gap was covered by four wooden panels, making it hard to detect so it also existed. Several holes were then punctured into the lumber, permitting air to enter the room and allow Trung to breathe while he had been carrying out the plan. That was the theory, anyhow.

Regarding the day’s the planned scheme, Trung worked his way to the gap at noon (with just three feet to work with, we’re not sure how he did any such thing, let alone breathe). The master plan would be to keep Trung in the hole before the gamblers left, at which point one other users of the scheme would take away the boards and get him from the huuuge bonus hole.

Plan Gone Awry

But someplace along the line, the plan 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 wood panels and discovered that Trung was still inside, unconscious.

During the right time, Trung had been still alive. However, he ended up being never revived and passed away on the real way to a medical center. According to detectives, it appeared as though Trung had suffocated to death.

Along with the death, local police additionally investigated the operations regarding the gambling den, shutting it straight down. When raiding the den, they were able to take a number of electronic devices including gambling control devices and smartphones, 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 does have legalized gambling at casinos in the country, only foreigners are allowed to play at such venues, with casino operators facing fines that are heavy Vietnamese residents are found 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 country. Although the government of Vietnam has been hesitant allowing gambling for its citizens, citing concerns in regards to the social impact of gambling, they have softened their stance somewhat in recent years: in 2012, the nation allowed gambling on sporting activities in an attempt to bring such betting into a market that is regulated away from underground gambling syndicates. And simply this August that is past met once more to go over the likelihood of checking area casino gambling to citizens who meet certain earnings requirements.

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