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But it asserts that the practice shortchanged a gambling-addiction program the city requires the cardrooms to fund and perhaps underpaid taxes as well.
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Casino M8trix opened its snazzy digs on Aug.
But M8trix and the city have continued to squabble over the pace of permit approval and a decision to ban gaming on the eighth floor.
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Eric Swallow, one of the M8trix owners, did not return phone messages.
But it asserts that the practice shortchanged a gambling-addiction program the city requires the cardrooms to fund and perhaps underpaid taxes as well.
An administrative law judge will consider the accusation, filed May 2, and issue a recommendation to the independent California Gambling Control Commission.
Penalties could range from fines to stripping the casino of its license.
It includes a flow chart that tracks the dizzying path of the money.
The accusation notes that other California card clubs of similar size reported net income that averaged 10 percent of gross gaming revenues over the same period.
Doyle said his reading of the accusation is that the state investigation has turned up many more questions than answers — and that raises red flags in continue reading heavily regulated gaming business.
Why did they set up all these entities to move around money from the cardrooms?
It just seems very odd.
In addition, under a 2009 settlement agreement to a cardroom lawsuit over city regulations, the clubs must pay a portion of their profits to support gambling addiction programs.
Public officials and voters have tried to balance the thirst for the lucrative tax revenues they provide without expanding legalized gambling too much in the city.
In 2010, voters cast their bets with the cardrooms, approving a measure that increased the number of gambling tables in exchange for a boost in the tax revenue from the establishments.
But two years later, a ballot link was rejected that would have further expanded the cardrooms without extracting more tax revenue.
Casino M8trix opened its snazzy digs on Aug.
But M8trix and the city have continued to squabble over the pace of permit approval and a decision to ban gaming on the eighth floor.
Contact Mark Emmons at and Mark Gomez at.
Rangers responded to reports of gunfire by suspect whose bullets caused no injuries, State Parks m8trix casino san jose news />By Darlene Superville The Associated Press WASHINGTON — Secretary of State Mike Pompeo said Sunday he wants to build a global coalition against Iran during urgent consultations in the Middle East, following a week of crisis that saw the United States pull back from the brink of a military strike on Iran.
Pompeo spoke as he left Washington for.
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