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 Harrah's Resort has been fined $20,000 by the state because of missing electronic data from the casino's slot machines. The casino said that 154 days of slots data from 2008 and 2009 were "permanently lost" from a backup storage system because of space limitations but the state was not willing to accept their explanation.
The data provides the state with an accurate count of the cash inside the machines and helps the state calculate its share of the tax revenue generated by slots play. It is in the state's best interest to make it abundantly clear to casinos that they need to protect that data if they do not want to end up paying more than they would have otherwise. The New Jersey Division of Gaming Enforcement said that Harrah's has solved its data storage problems and that it should not be an issue in the future.
Caesars Entertainment Corp., parent company of Harrah's, has agreed to pay the fine. Jennifer Weissman, regional vice president of marketing for Caesars Entertainment said, "Caesars Entertainment takes the adherence to regulations very seriously. We recently received an order approving the proposed settlement and we are confident that all issues have been resolved."
DGE spokeswoman Lisa Spengler said no state tax revenue was lost from the Harrah's slot machines because the tax information was recorded before the failure of the backup system.
As always, stay tuned to Casinofan for more news and updates.
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