Connecticut General Statutes 12-578g – Payments by MMCT Venture, LLC
(a) For the purposes of this section, “gross gaming revenue” has the same meaning as provided in § 12-557b.
Terms Used In Connecticut General Statutes 12-578g
- Casino gaming facility: means any casino gaming facility authorized by any provision of the general statutes or a public or special act to conduct authorized games on its premises, but does not include any casino gaming facility located on Indian lands pursuant to the Indian Gaming Regulatory Act, P. See Connecticut General Statutes 12-557b
- Gross gaming revenue: means the total of all sums actually received by a casino gaming facility from gaming operations less the total of all sums paid as winnings to patrons of the casino gaming facility, provided the total of all sums paid as winnings to such patrons shall not include the cash equivalent value of any merchandise or thing of value included in a jackpot or payout, and provided further the issuance to or wagering by such patrons of any promotional gaming credit shall not be included in the total of all sums actually received by a casino gaming facility for the purposes of determining gross gaming revenue. See Connecticut General Statutes 12-557b
(b) Not later than thirty days after the date the authorization of MMCT Venture, LLC, to conduct authorized games at a casino gaming facility is effective pursuant to § 12-578f, MMCT Venture, LLC, shall pay to the state one million dollars for the initial costs to be incurred by the state to regulate the casino gaming facility. Such money shall be credited against unpaid required payments pursuant to subsection (c) of this section for the first full calendar year in which the casino gaming facility is conducting authorized games.
(c) Not later than thirty days after the date the casino gaming facility is operational and on a monthly basis thereafter while such casino gaming facility is operational, MMCT Venture, LLC, shall pay to the state: (1) Ten per cent of the gross gaming revenue from the operation of authorized games, except video facsimile games, which shall be deposited in the state-wide tourism marketing account, established pursuant to § 10-395a; (2) fifteen per cent of the gross gaming revenue from the operation of authorized games, except video facsimile games, which shall be deposited in the General Fund; and (3) twenty-five per cent of the gross gaming revenue from the operation of video facsimile games, which shall be deposited as follows: (A) Seven million five hundred thousand dollars annually in the municipal gaming account, established pursuant to § 12-578h, and (B) any remaining amounts in the General Fund.
(d) Not later than the date the casino gaming facility is operational and annually thereafter while such casino gaming facility is operational, MMCT Venture, LLC, shall contribute three hundred thousand dollars to the chronic gamblers treatment and rehabilitation account created pursuant to § 17a-713.