Lawmakers considering Waikiki casino, wagering tax - Hawaii News Now - KGMB and KHNL

Lawmakers considering Waikiki casino, wagering tax

By TREENA SHAPIRO

Associated Press

HONOLULU (AP) - The state House Tourism Committee is reviewing a proposal to allow one standalone casino in Waikiki.

House Bill 2788 would also create the Hawaii Gaming Commission and impose a 15% tax on the casino's gross receipts.

The bill to allow a 20-yar license for a single casino was introduced by Speaker Emeritus Rep. Joe Souki.

Gaming bills are regularly introduced at the Legislature, but Hawaii remains 1 of 2 states with no legalized form of gambling.

Tourism Committee Chairman Tom Brower said he would hear the bill to keep the conversation open.

Gambling is a way to increase tax revenue and lessen future tax increases on residents, Brower said.

He added that other cities show how residents can benefit from legalized gambling, if done correctly. Otherwise some might suffer.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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