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The decrease in net earnings attributable to Century Casinos, Inc. shareholders for the year ended December 31, 2016 primarily related to $4.0 million paid to the Company in the second quarter of 2015 by Norwegian Cruise Line Holdings ("Norwegian") for the termination of the Company's concession agreements with subsidiaries of Norwegian. The $4.0 million was recorded on the Company's casino online consolidated statement of earnings in the second quarter of 2015 under operating revenue net of $0.6 million related to assets that were sold to Norwegian as part of the termination agreement. In October 2016 , the Company's subsidiary, Century Casino St. Albert Inc., acquired 100% of the issued and outstanding shares and related land of entities operating the Apex Casino in suburban Edmonton, Alberta, Canada . Century Casino St. Albert ("CSA"), formerly Apex Casino, is a 34,500 square foot casino facility located on approximately six acres of land that includes 381 slot machines, 12 video lottery terminals, 11 live table games, a restaurant, a bar, a lounge and a banquet facility that can accommodate up to 175 guests. CSA contributed a total of $2.0 million in net operating revenue and $0.3 million in net earnings during the quarter ended December 31, 2016 . In June 2016 , the Company began operating the ship-based casinos onboard the Mein Schiff 5, a new 2,500 passenger cruise ship, and the TUI Discovery, a 2,067 passenger cruise ship. Under an agreement with Diamond Cruise International Co., Ltd., the Company began operating the ship-based casino onboard Glory Sea, a 1,200 passenger cruise ship, in July 2016 .
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The Supreme Court ruled in the fall that the assessment in place since casinos first opened is unconstitutional. The court ruled in favor of Mount Airy Casino Resorts complaint that casinos generating less revenue than others paid a heavier tax burden. A major hurdle with gambling expansion is finding consensus among the 12 casinos that are heavily regulated and generate state tax revenue and revenue earmarked for property tax relief. Two casinos already took positions against internet gambling. There is uniform opposition among casinos to video gaming terminals. Mount Airy supports internet gambling. Internet gaming will provide a critical new source of tax revenue for the commonwealth and new local share tax revenue to assist local communities, wrote Mount Airy in written testimony. Mount Airy is adamantly opposed to legalization of VGTs (video gaming terminals) as they will only serve to cannibalize the existing casino licensees. The debate in Harrisburg is focused too much on state revenue needs and not enough on the impact of new gambling, said Kaufer. He is concerned that legalizing internet gambling will turn cellphones into slot machines.
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blackjack rules a marathon House Energy and Commerce Committee hearing on a potential replacement for the Affordable Care Act are seen on Capitol Hill in Washington March 9, 2017. REUTERS/Aaron P. Bernstein' align='left' /> REUTERS/Aaron P. Bernstein By David Morgan | WASHINGTON WASHINGTON A Republican plan to repeal taxes set under Obamacare would benefit the wealthiest U.S. households at more than five times the rate for middle-income families, according to the nonpartisan Tax Policy Center. "The effects are really very dramatic. We found that a typical middle-income family would get a tax cut averaging about $300, while people in the top 0.1 percent would get a tax cut of about $207,000," Howard Gleckman, a senior fellow at the nonprofit research group, said on Monday. ( tpc.io/2n1Mdwi ) The expected benefits equal 2.6 percent of a wealthy family's after-tax income, but only 0.5 percent of the income of a middle-class household making $51,600 to $89,400 a year, including fringe benefits like employer-provided health insurance, the center estimated. The top 0.1 percent of U.S. families have income of at least $3.9 million. The proposed changes are part of a plan backed by Republican President Donald Trump to repeal and replace the law officially known as the Affordable Care Act, former Democratic President Barack Obama's signature domestic legislation.
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