CNMI gets a windfall from its casinos

4:50 pm on 5 December 2017

The CNMI's casino industry appears to be a boon for the government which has announced it has collected over $US38.5 million in casino business gross revenue tax.

A blackjack hand at the casino

Photo: (TaxRebate.org.uk CC BY 2.0)

Of the amount, only $US16.5 million is available for appropriation because of a recently passed law that sets aside $US22 million in a special account to pay five percent of retiree pensions as well as the payment for this year's bonus to retirees and their families.

Governor Ralph Torres has earmarked the remaining money to cover land compensation obligations, and for education - including the public school system, the Northern Marianas College and public-private job placements and training.

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