Borgata Understatement of Gross Revenue Violations; Ordered to Pay $1.3 MIllion by NJDGE
Atlantic City’s premier casino, the Borgata, has recently made headlines for underpaying its internet gambling taxes twice, according to a recent Associated Press (AP) report. New Jersey regulators identified that the casino claimed nearly $15 million in excess credits, leading to a tax shortfall of $1.1 million. This discrepancy emerged from an improper allocation of credits intended for […]
Atlantic City’s premier casino, the Borgata, has recently made headlines for underpaying its internet gambling taxes twice, according to a recent Associated Press (AP) report. New Jersey regulators identified that the casino claimed nearly $15 million in excess credits, leading to a tax shortfall of $1.1 million. This discrepancy emerged from an improper allocation of credits intended for […]
