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 a lot of to the concept of a casino, can you?

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

Vaughan Just Says No, Narrowly

The city of Vaughan rejected the casino plan in a 5-4 vote. Although the vote ended up being 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 therefore the two locations that are remaining unlikely or at the very 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 the most infamous of all, as despite 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 in 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

Many of these votes are related to a proposition through the Ontario Lottery and Gaming Corp., that is looking to grow its reach to the western GTA region. However, OLG is limited on where they can place this kind of place, and many of the proposed locations have already refused such proposals into the past, or are anticipated to exhibit little desire for this round of casino expansion.

Associated with the two remaining locations that have yet to vote this time around around, Richmond Hill may be the more adamantly compared of the two.

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

Barrow pointed away 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 used for this kind of facility that is large.

‘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 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’s growing support for a Las Vegas-style casino there. Into the 1990s, Mississauga rejected a proposal that is similar.

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

And it is likely that it’ll float backup once again into the future. Although the various rejections may make it unlikely for a casino to be built into the western GTA in the near future, that doesn’t mean that the idea will disappear completely 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 want to do it another time, possibly hoping that if there’s a change on council here’ll be a change in attitude.’

British National Lottery Provider Camelot Making Use Of Loophole to Spend Less Fees


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

Due to the fact National Lottery providers for Great Britain, Camelot earned enough from the public that is british pay an impressive load of taxes back to the country. But UK newsprint The everyday Mail has revealed that Camelot has a view that is different the situation.

The firm that is canadian-owned been accused of exploiting a tax loophole, which the taxman is aware of but has never shut down (most likely because the taxman created it to begin with), in order to avoid paying at least £10 million ($16,130,000) in business taxes in just a matter of weeks considering that the cost of an admission 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 Exchange, and used the interest that is enormous to really reduce their particular profits, meaning they paid less tax as the company as a complete still pocketed the profit a taxation haven.

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

This tactic that is legal reported to possess saved the organization 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 government’s estimations of £200 ($322.6) million yearly, whenever they revealed their understanding of the loophole a year ago. Apparently the powers-that-be aren’t quite as miffed about it all as some people 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 consultation document on shutting a tax loophole up to a band of vested interests, including a few of the really people who benefit, or whoever clients benefit, from it,’ explained seat of this Commons Public Accounts Committee Margaret Hodge to The Independent newspaper, additionally stating that she will ensure that the HMRC is offered a tough ride within the issue.

We’re not sure why a general public figure thinks tax loopholes are manufactured in the first place, but let’s just say everybody is fully conscious of their purpose, except, apparently, puffy politicians trying to act surprised about them with their constituents.

And even though Camelot has stated that ‘their analysis of our figures is inaccurate,’ they are making no effort to deny utilising 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 fact that the law is enabling them to dodge some of the tax responsibilities.

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

Illegal Vietnamese Gambling Den Leads 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 an abundance of bizarre stories related to individuals wanting to cheat casinos and other gambling venues, and even quite a few which have tragic endings. But few can rival the story of a new man from Vietnam who passed away recently while wanting to help gamblers cheat at a unlawful gambling den.

The story began with Nguyen Ngoc Thanh, a 28-year-old who invited about 20 people in the future gamble in a location that is secret the Nghia Thang Commune. However, Thanh already had other plans, as he and another guy had already make a scheme that is cheating could benefit a number of the members regarding the gambling den.

Small Quarters

That’s once they brought in 24-year-old Bi Van Trung to assist them carry their plan out. Although the details of the plot are still under investigation, the conspirators were required by it to dig a hole about one meter (3.28 feet) deeply under the floor regarding the gambling den. Trung would remain in that opening, utilizing electronic devices to help a few of the gamblers cheat (exactly how that would work, we cannot tell you).

The gap was covered by four boards that are wooden making it hard to detect that it also existed. Several holes were then punctured into the timber, enabling air to enter the space and enable Trung to inhale while he was carrying out the master plan. That had been the theory, anyhow.

Regarding the day of the planned scheme, Trung worked his way into the hole at noon (with just three feet to the office with, we’re not sure exactly how he did anything, let alone breathe). The program was to keep Trung in the hole until the gamblers left, at which point one other people of the scheme would take away the boards and get him from the hole.

Plan Gone Awry

But somewhere over the relative line, the master 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 wooden boards and discovered that Trung was still inside, unconscious.

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

Along side the death, local police also investigated the operations associated with gambling den, shutting it down. When raiding the den, they were able to take a number of electronic products including gambling control units and mobile phones, 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 permitted to play at such venues, with casino operators facing fines that are heavy Vietnamese residents are located on the casino floor. That means that many residents that are vietnamese travel to foreign countries to gamble at gambling enterprises, or participate in illegal games inside the nation. Even though the government of Vietnam has been hesitant allowing gambling because of its citizens, citing issues in regards to the social impact of gambling, they have softened their stance somewhat in recent years: in 2012, the nation allowed gambling on displaying events so as to bring such betting into a market that is regulated away from underground gambling syndicates. And just this August that is past met once more to go over the chance of opening area casino gambling to citizens who meet particular earnings requirements.