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USVI: Revised horse racing deal adds 5-year SGVI commitment
VI CONSORTIUM
CHARLOTTE AMALIE, St Thomas, USVI- The Governor of the US Virgin Islands, Albert A. Bryan Jr, has submitted a revised horse racing agreement to the 36th Legislature that now requires SGVI to remain the promoter of horse racing for at least five years, removes a proposed full gross receipts tax exemption for entertainment activities at the racetracks, adds quarterly gaming revenue reporting, and doubles the St. Thomas-St. John Horsemen Association’s racino revenue share from 3% to 6%.
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