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Stakes raised for cities as new cardroom opens
Woodland, a city known for its freeway-stop business district and blue-collar workers, has now placed a bet that its new Oak Tree cardroom can take a $7.3 million bite out of the casino business in neighboring La Center.
And the stakes will be even higher when the owners of Woodland’s new casino build a planned 15-table annex, already approved for the old Parr Lumber site behind the Oak Tree. Woodland City Council members lifted a ban on gambling establishments more than a year ago.
La Center’s four cardroom-restaurants -- The Palace, The Last Frontier, The New Phoenix and Chips Casino -- are among the top 10 moneymaking, nontribal cardrooms in Washington, according to a new report issued by the Washington State Gambling Commission. La Center cardrooms brought in more than $31.3 million in gross receipts in the year ending in June 2011, which meant the town collected $3.1 million from its 10 percent tax on gambling receipts.
Operators of Woodland’s new Oak Tree Casino expect to make $7.3 million in their first year of business, which would translate to $292,000 in city taxes for Woodland, which is collecting 4 percent of the gross receipts. The council voted to raise the city’s take to 5 percent in 2013.
Source: The Columbian
