{"id":6903,"date":"2011-06-10T09:31:48","date_gmt":"2011-06-10T17:31:48","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=6903"},"modified":"2011-06-10T09:31:48","modified_gmt":"2011-06-10T17:31:48","slug":"quote-of-the-day-332","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/quote-of-the-day-332\/","title":{"rendered":"Quote of the Day"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-6904\" title=\"casino_chips1\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/06\/casino_chips1-150x112.jpg\" alt=\"\" width=\"150\" height=\"112\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/06\/casino_chips1-150x112.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/06\/casino_chips1-300x225.jpg 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2011\/06\/casino_chips1.jpg 320w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>&#8220;[<strong>Nevada Gaming Control Board<\/strong> analyst <strong>Michael<\/strong>] <strong>Lawton<\/strong> said the taxes were up despite revenue being down because of  credit play and collections from prior months. Lawton said that when  players lose money gambling on casino credit, casinos tally the monthly  revenue but it isn&#8217;t taxed until the winnings are actually collected.&#8221; &#8212; <em>thereby explaining a frequently paradoxical line item on the State of Nevada&#8217;s <a href=\"http:\/\/www.forbes.com\/feeds\/ap\/2011\/06\/09\/business-financials-us-casino-win-nevada_8508888.html\" target=\"_blank\">monthly gambling-revenue reports<\/a> (higher tax collections on lower revenues)<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;[Nevada Gaming Control Board analyst Michael] Lawton said the taxes were up despite revenue being down because of credit play and collections from prior months. Lawton said that when players lose money gambling on casino credit, casinos tally the monthly &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/quote-of-the-day-332\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14,25,31],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/6903"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=6903"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/6903\/revisions"}],"predecessor-version":[{"id":6905,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/6903\/revisions\/6905"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=6903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=6903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=6903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}