Virginia has been trying to move forward with gambling expansion for over a year, but it is evident that the subject is not finding majority support. A bill to allow casinos to be built in key areas has been bounced around legislative committees and hearings in both the House and Senate, and, each time, someone wants to make some type of modification. In the latest update, the House sought new language regarding the tax structure, which the Senate immediately rejected. As the two chambers can’t seem to reach a unified solution, the next step toward trying to pass the legislation is to sit down at a negotiating table.

The House’s version of Senate Bill 36 met a resounding “no” in the Senate – all 40 members of the chamber rejected the changes. As a result, a conference committee is going to be formed to try to resolve the differences. It isn’t clear when the first meeting might take place.

The crux of the failure of any casino legislation to move forward centers on how much casino operators will have to turn over to the state. The Senate wants 27% on the first $150 million of adjusted gross revenue (AGR) each year, and 31% from $150 million to $300 million. After that, 40% would have to be given up. However, the House of Delegates want things to be structured in another way, and approved a different version of the legislation last Friday. The chamber would classify casinos based on their investment, and then assign taxes appropriately.

According to the House, if a casino has an investment ranging from $250 million to $350 million, the tax rate would be 15% on the first $150 million in AGR. From $150 million to $300 million, the rate increases to 20%, and anything above $300 million would be charged 28%. Casinos that have an investment of over $350 million, a 15% tax would be assessed on the first $200 million in AGR, 20% on the next $200 million and 28% on everything above $400 million.

After nearly three years as the head of the Wind Creek Bethlehem casino, in Bethlehem, Pennsylvania, executive vice-president and general manager Brian Carr has stepped down on February 24. Kathy McCracken now steps into the role, moving from her position as executive vice-president of marketing and operations to become the casino’s new top executive.

Wind Creek provided no details as to why Carr opted to leave. They only provided a press release of the change and did not answer any additional questions posed following the announcement.

Both Carr and McCracken have impressive resumes within this industry. Carr had filled numerous executive finance roles while McCracken has an extensive background in operations, marketing, and systems.

McCracken was first hired at Bethlehem back in 2007 when she became the vice-president of casino marketing. She was instrumental in helping to successfully open the casino, leading to her promotion in 2016 to senior vice-president of marketing. She became the executive vice-president of marketing and operations in 2017.