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Metropolitan DC Local Politics
Reply to "Comstock doubled down again on Casino in Reston "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Is the intention that this casino will be financed the same way as the arena in Potomac Yard? In other words, will Virginia taxpayers be on the ok if the promised returns don’t happen?[/quote] No. This casino would be financed primarily by a Saudi Arabia investor. The casino owners would retain 82% of first $200 million in gambling receipts, 77% of the gambling receipts between $200 million and $400 million, and 62% of the gambling receipts above $400 million. Of the remaining gambling receipts, the State Treasury would get 30% of the 38% and Fairfax County would get 8% of the 38%.[/quote] Ahhh. The fleecing of Americans. [/quote]
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