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Nevada asking Casinos For Bailout
2/27/10 - Friction appears to be building between the land casino industry in Nevada and state legislators scrambling to find a solution to the state's yawning $900 million budget gap...and this time an economically struggling industry is reluctant to bail the state out.
Suggestions by the Nevada State Legislature Speaker Barbara Buckley that the industry should accept additional taxes or fees to help address the worrying budget deficit were this week met with a strong refusal. Buckley had proposed that the casino industry put up the cash to cover the operations of the Gaming Control Board in addition to the usual taxes and fees.
Some analysts believe that the situation could be good for the online gambling legalisation cause as raising revenue becomes ever more urgent, whilst others seem to feel that the pressure would be focused on the Democratic Party and its expensive social spending program.
Responding to Buckley's call for assistance, the Nevada Resort Association said it was unable to "reach a consensus among our statewide membership" to support the proposal.
"We gave blood before and have given blood time after time," said Billy Vassiladis, a lobbyist for the group.
Legislators are not giving up as easily as that, it appears. Senate Majority Leader Steven Horsford went on record as saying: "We are not done. Gaming must participate."
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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