Borgata pays New Jersey $1.3m in taxes and fees
State regulators discovered the Atlantic City casino underpaid its iGaming taxes.
Gambling regulators in New Jersey have found that Borgata in Atlantic City has underpaid some of its iGaming taxes by $1.1m, according to a recent Associated Press report.
State regulators went on to note that Borgata underpaid twice “by taking almost $15m more in credits than it was entitled.”
The New Jersey Division of Gaming Enforcement told the AP that it ordered Borgata “to pay the full amount of taxes due,” along with interest and penalties.
The casino’s tax bill came to $1.3m as a result.
Acting Director Mary Jo Flaherty explained the situation in further detail in a letter to the casino last month.
She said in the statement, “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 $10m. This second understatement of gross revenue was in an amount of over $4.5m.
“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.”
Borgata has complied with the state’s order and repaid the money, along with a civil penalty that totaled $75,000, the report said.
Both Borgata and MGM Resorts International have not commented on the matter.
In other state news, Superior Court Judge Patrick Bartels recently issued a ruling that will allow smoking in Atlantic City’s casinos to continue.
Judge Bartels’ ruling was in response to a recent lawsuit filed by The United Auto Workers, a union that represents Bally’s Tropicana and Caesars casino dealers.
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