Stealing is wrong and the State of Nevada is about to steal money from the casinos when a slot machine ticket is not cashed in, the State wants 75% of that money,
From the Las Vegas Sun: A proposed regulation to divert most of the money from unredeemed slot machine tickets to the state took another step forward Tuesday.
The state Gaming Control Board held a workshop on the preliminary regulation that could mean millions dollars more for the state treasury.
Board Chairman Mark Lipparelli said he was surprised no one showed up to testify about the proposal. The proposal drew spirited opposition from the Nevada Resort Association and other casino representatives during the last Legislature.
By one estimate, it could mean $43 million now being kept by the casinos would go to the state.
Slot players routinely put cash in machines and receive a printed ticket for their balance when finished playing. Mostly gone are the days when coins were used in the one-armed bandits.
Some customers, however, forget to cash in their tickets or don’t bother, especially if the balance is small.
If the voucher is not redeemed, the casino keeps the extra money and pays the state’s 6.75 percent tax on it.
Under the proposed regulation, the casinos would have to send 75 percent of the proceeds from uncashed tickets to the state. The clubs would keep the remaining 25 percent and pay taxes on it.
http://www.lasvegassun.com/news/2011/aug/30/state-looking-cash-unredeemed-slot-tickets/
If a casino patron doesn't turn is a slot machine winning ticket, it is not the State of Nevada's property, it is the casino's. This is just plain theft by the State of Nevada.
Maybe if the State of Nevada had some skin in the game, like helping pay out winning tickets, maybe they might have a claim of tickets people don't cash. But the State doesn't have any skin in the game, but they want to steal money from the casinos by confiscating cash tickets that were not cashed in.
Brian Sandoval, governor of Nevada, stop this craziness and outright theft by the State of Nevada.
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Sandoval had a chance to stop this during the Legislature by vetoing the bill that contained this. That bill was actually a compromise. The original called for the state to take 100%.
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