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MGM Mirage Quits Trade Groups24 July 2003LAS VEGAS – As reported by the Associated Press: “Unhappy that a broad-based business tax wasn't approved by the Nevada Legislature while casino taxes were increased, gambling company MGM Mirage Inc. quit the Las Vegas Chamber of Commerce and two other business groups. “MGM Mirage said it will pursue its own agenda in state politics. “Company chief executive Terry Lanni said Wednesday that the Nevada tax package passed this week by the Legislature and signed by Gov. Kenny Guinn will cost his company at least $30 million dollars over the next two years. “The measure increases taxes on gambling companies from 6.25 percent to 6.75 percent. “Lanni blamed lobbying by the chamber, the Nevada Development Authority and the Nevada Resort Association with helping persuade legislators to reject a broad-based business tax on large companies, such as Wal-Mart and big banks. “…The company will use the $635,000 it had been paying in chamber, development authority and resort association dues to promote its own goals, he said. “…MGM Mirage is the second casino owner to quit the Las Vegas chamber over tax policy. Southern Nevada casino company Station Casinos withdrew in June…” |