Quote:
Originally Posted by Ace
In Alberta, Casino operators receive a set percentage of revenues in which they try to make a profit. A set percentage goes to "charity" and the remainder to the Alberta government to cover operational costs (all slot machines, for instance, are government owned and maintained), and to support social programs etc.
For instance slot revenues are split 15-15-70. Operator-Charity-Government. Native run casinos are considered to be their own charity so they essentially split 30-70 (double the normal operator percentage).
As Troutman indicated they are also free to set their own operational policies, and have a monopoly on the "smoking" clientele which have boosted revenues compared to other casinos significantly.
Charity volunteer groups have their earnings pooled, which essentially mean they make the same no matter what casino they volunteer at. I'm not sure if the Native Casinos have their "volunteer" portion pooled or if they have an examption and keep what was made at their facility.
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Thanks for this explanation. I assume similar agreements exist for Native Casinos in the U.S. and other parts of Canada?
Do you know what a 'regular' business like a grocery store would be taxed at on a Native Reserve and how that would compare to a grocery store in a city centre like Calgary?