Atlantic City's top-performing Borgata casino was short on its online gambling taxes by $1.1 million, regulators say [Fortune]
MGM Resorts International (MGM)
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Source: Fortune
That led the casino to pay $1.1 million less in taxes than it should have. The state Division of Gaming Enforcement said the casino was ordered to pay the full amount of taxes due, with penalties and interest totaling $1.3 million. The money has already been paid, including a $75,000 civil penalty, the state said. “The Division views this matter as serious,” its acting director, Mary Jo Flaherty, wrote in an Aug. 15 letter to the Borgata. “The original violation was an understatement of gross revenue by almost $10 million. This second understatement of gross revenue was in an amount of over $4.5 million. “The fact that this conduct was repeated less than 18 months after the Division warned an additional violation of this type could result in a civil penalty is also to be considered,” she wrote. The Borgata declined to comment Thursday; its parent company, MGM Resorts International, did not respond to requests for comment. In March 2023, the Borgata wrongly included $9.8 m
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- Atlantic City's top casino underpaid its online gambling taxes by $1.1M, regulators say [Yahoo! Finance Canada]Yahoo! Finance Canada
- New Jersey says Borgata, Atlantic City's top casino, underpaid its online gambling taxes by $1.1M [Financial Post (Toronto, Ontario, Canada)]Financial Post
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