(1) Schedule of Fees. For purposes of this article, “gross gaming revenue” shall mean and include all cash received as collection fees, cash received in payment for credit extended by a licensee to a patron for purposes of gaming, cash received as winnings, and all revenues directly derived from gaming operations, including all fees derived from third-party proposition player services.

Each casino licensee, licensed pursuant to the provisions of this article, with total annual gross revenues in excess of $10,000 shall pay a monthly tax in an amount equal to 15 percent of total monthly gross revenues. Provided, however, that the license fee shall in no event be less than a minimum of $10,000 per month following the initial commencement operation of the casino.

Each third-party proposition player services company licensee with a valid contract with the casino shall pay a monthly fee equal to 15 percent of total monthly gross gaming revenues.

(2) Statement of Revenue. Each licensee shall file with the city, before the fifteenth day of each calendar month, a statement showing the true and correct amount of gross revenue derived from the gambling game business operated under the license issued to or held by such licensee for the preceding calendar month. Such statement shall be accompanied by the payment of the correct amount of license fee due and owing in accordance with the provisions of subsection (1) of this section, and such sums correctly reflecting the monthly fees payable for the preceding month shall be accepted by the city, subject, however, to the right of the city to audit and to determine the correctness of the figures set forth in such statement and the amount payable to the city pursuant to the provisions of subsection (1) of this section.

A certification shall be attached to the statement, or included therein, which certification or declaration shall be substantially in the following form:

I hereby declare under penalty of perjury that the foregoing is true and correct.

_________________________________
Licensee, Managing Partner, General Manager or Owner.
(Strike out the titles which are not applicable.)

(3) Audit of Reports. The books, records, and accounts of any casino may be audited by the city, such an audit to be performed by a qualified accountant who shall be selected by the council and/or city manager. Any information obtained pursuant to the provisions of this section or any statement filed by the licensees shall be deemed confidential and shall not be subject to public inspection except in connection with enforcement of the provisions of this article. It shall be the duty of the city manager to so preserve and keep such statements that the contents thereof shall not become known except to persons charged by law with the administration of the provisions of this article or pursuant to the order of any court of competent jurisdiction.

(4) Refusal to Display Records. Any failure or refusal of any such licensee to make and file any statements as required within the time required, or to pay such sums by way of license fees when the same are due and payable in accordance with the provisions of this article, or to permit such inspection of such books, records, and accounts of such licensee shall be and constitute sufficient grounds for suspension or revocation of the license of any such licensee.

(5) Tax Deemed Debt to City. The amount of any tax, penalties and interest imposed by the provisions of this chapter shall be deemed a debt to the city, and any permittee carrying on any business without having paid the tax under this chapter to the city shall be liable to an action in the name of the city in any court of competent jurisdiction for the amount of the tax, and penalties and interest imposed on such business. (Ord. 691 §§ 3, 4, 2018; Ord. 588 §§ 5, 6, 2003; Ord. 505 § 3. 2002 Code § 6-32.5).