Casinos will consider tax rate for Fla. projects

11/5/2013 | Miami Herald (tiered subscription model), The

Representatives from casino firms told Florida lawmakers that taxes levied on casinos would be a key consideration for developing properties in the state. "The higher the tax, the less you can spend on the facility," said Nick Iarossi, representing Las Vegas Sands. "The less you spend on the facility, the less iconic the structure is, and the less people want to jump on an airplane or drive a long distance in a car to come see it."

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