{"id":276001,"date":"2023-06-04T19:05:19","date_gmt":"2023-06-05T00:05:19","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=276001"},"modified":"2023-06-05T11:22:06","modified_gmt":"2023-06-05T16:22:06","slug":"opposition-emerges-to-sands-long-island-casino-tax-requests","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/","title":{"rendered":"Las Vegas Sands Request for Long Island Tax Breaks Draws Ire"},"content":{"rendered":"

A Nassau County civic group claims it\u2019s the \u201cheight of hypocrisy\u201d for Las Vegas Sands to seek tax relief in its quest to build a $4 billion integrated resort in Uniondale, NY.<\/p>\n

\"new
Protestors at an anti-casino rally in Long Island. The Say NO to the Casino Civic Association opposes tax relief for Las Vegas Sands. (Image: ABC7 New York<\/em>)<\/figcaption><\/figure>\n

The “Say NO to the Casino Civic Association” issued a scathing statement after reports surfaced last week<\/a> that Sands was seeking tax breaks. Reports said it could approach the Nassau County Industrial Development Association (IDA) with requests for sales tax relief on select items, and a reduction in the mortgage recording tax. Specifically, the gaming operator is said to be aiming for sales tax exemptions on construction equipment, raw materials, and furnishings for the yet-to-be-approved gaming venue.<\/p>\n

It is the height of hypocrisy for one of the world\u2019s most profitable casino companies, with a market capitalization of $45 billion (and majority owned by a billionaire worth more than $34 billion) to ask for \u201ctax breaks\u201d from Nassau County residents,\u201d<\/strong> according to a statement issued by the anti-casino group.<\/p><\/blockquote>\n

The majority ownership being referenced by the civic organization is that of Dr. Miriam Adelson<\/a>, Sheldon Adelson\u2019s widow, and her family. They are the majority owners of Sands stock, which closed last Friday with a market value of $42.38 billion.<\/p>\n

Group\u00a0 Wants Sands to Pay its \u2018Fair Share\u2019<\/h2>\n

The “Say NO to the Casino Civic Association” claimed Las Vegas Sands is looking to skirt tax obligations to the county should it be awarded a gaming license. The group contends that the gaming company should be subject to the same levies as any other local business.<\/p>\n

\n

Nassau County has previously granted mortgage relief on Nassau Coliseum, the site where Sands is looking to build the casino hotel. Companies requesting sales tax relief in the early stages of large-scale projects is commonplace across the US.<\/p>\n<\/div>\n

\u201cNow that Las Vegas Sands has been awarded the land lease, it doesn\u2019t want to pay its fair share of sales tax and real estate taxes. The pervasive negative impacts that a casino will bring to our county will require significant additional government and community resources to address,\u201d added “Say NO to the Casino Civic Association.”<\/p>\n

While LVS will reportedly seek tax relief, the company is on the hook for a sizable cash payment<\/a> to Nassau County. That’s regardless of its success in winning one of three downstate casino licenses.<\/p>\n

Civic Organization Doesn\u2019t See Value in Casino<\/h2>\n

The “Say NO to the Casino Civic Association” takes issue with the potential economic benefits of a Nassau County casino. It claims it will make money off of locals and contribute a meager percentage to the county\u2019s annual budget.<\/p>\n

If Las Vegas Sands is, unfortunately, awarded a gaming license, the annual payment Las Vegas Sands\u2019 will make to Nassau County represents a mere 1.4% of the county\u2019s budget, and now, they\u2019re asking for an even better bargain,\u201d<\/strong> noted the group.<\/p><\/blockquote>\n

Conversely, the venue will create thousands of jobs, resulting in elevated contributions to New York\u2019s income tax collection efforts. Additionally, the casino resort\u2019s convention space, entertainment, eateries, and rooms could be significant sales tax generators for Nassau County over the long haul.<\/p>\n","protected":false},"excerpt":{"rendered":"

A Nassau County civic group claims it\u2019s the \u201cheight of hypocrisy\u201d for Las Vegas Sands to seek tax relief in its quest to build a $4 billion integrated resort in Uniondale, NY. The “Say NO to the Casino Civic Association” issued a scathing statement after reports surfaced last week that Sands was seeking tax breaks. […]<\/p>\n","protected":false},"author":46,"featured_media":253657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,86438,13592],"tags":[81897,86457,81895],"acf":[],"yoast_head":"\nOpposition Emerges To Sands Long Island Casino Tax Requests<\/title>\n<meta name=\"description\" content=\"Civic group opposes Sands' plan to request tax cuts for Long Island casino.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opposition Emerges To Sands Long Island Casino Tax Requests\" \/>\n<meta property=\"og:description\" content=\"Civic group opposes Sands' plan to request tax cuts for Long Island casino.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-05T00:05:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-05T16:22:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/nos2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/\",\"url\":\"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/\",\"name\":\"Opposition Emerges To Sands Long Island Casino Tax Requests\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/nos2.jpg\",\"datePublished\":\"2023-06-05T00:05:19+00:00\",\"dateModified\":\"2023-06-05T16:22:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Civic group opposes Sands' plan to request tax cuts for Long Island casino.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/opposition-emerges-to-sands-long-island-casino-tax-requests\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/nos2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/01\/nos2.jpg\",\"width\":1600,\"height\":900,\"caption\":\"Protestors at an anti-casino rally in Long Island. 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