Casino Gambling

Casino Gambling

Massachusetts Taking Baby Steps Towards Casino Gambling

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The state of Massachusetts appears ready to take the plunge into the world of legalized gambling. It is not, however, the elaborate plan that Governor Duval Patrick had in mind when he first suggested the idea.

Governor Patrick ran his campaign in Massachusetts with a platform that included bringing casino gambling to the state. His first efforts from last year were turned away by legislators, but this year it appears the idea is gaining momentum.

The state may have to take baby steps before it realizes the ultimate goal of Patrick, which is casino resorts. A plan is being proposed today by Treasurer Tim Cahill that would bring three slot parlors to Massachusetts.

Cahill’s plan is to place a twenty seven percent tax on revenue that is generated at these slot parlors. Under the proposal the halls would be allowed from 2,500 to 3,000 slot machines each. If approved, Cahill believes the state would bring in an additional $244 million.

Governor Patrick actually had projections that were lower than that of Cahill when he proposed his casino resorts. The money generated from Cahill’s plan would actually be higher for the state, with less gambling taking place.

The money that would be generated would come largely from licensing rights. Licensing fees would be paid under a fifteen to twenty year contract and could bring the state upwards of $2 billion.

Gambling Debate

Gambling Debate

Massachusetts Gambling Debate To Heat Up With Governor’s Advice

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The state of Massachusetts is in the same position that most states are these days, they have legalized certain forms of gambling that the government can control, such as the lottery and bingo, but have not taken the next step, casino gambling.

In the next week Governor Deval Patrick is set to release his findings into whether the state should support the legalization of casino gambling.

The state is in a better position than it was financially a few years ago, so money, although enticing, will not be the only motivating factor to whether or not to support the form of gambling.

The central issue in the state is whether to put slot machines into their racetracks in Plainville, Revere, and Taunton-Raynham.

This is where the split in politicians comes in, some want to allow the racetracks to have the slot machines to generate more money and jobs, while others believe the state should hold out and allow the racetracks to bid on the right to have the slot machines.

Massachusetts is like most states in that their morals seem to arise only in times of non economic crisis, so the outcome of the debate in this state could most likely be drawn out for a long time, or at least until the budget takes a hit strong enough that the issue of allowing casino gambling becomes a valuable option.

Online Gambling

Online Gambling

Mark Up Phase Of Barney Frank Bill Complete, Vote Coming Later Today

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What was expected to be a longer wait throughout the day, quickly turned into the mark up phase of the new Barney Frank online gambling Bill, members of the Finance Services Committee approved the mark up and it will now go to a full vote later in the day.

Frank and some of his fellow Committee members blasted the sports leagues for their opposition to the Bill. Representative King went as far as to say that he was shocked by the opposition of the sports leagues to a Bill that they were held out of.

Frank was perplexed that the major sports leagues would oppose the Bill even after he conceded to them and excluded them from the Bill, against his wishes. Now that the marking up stage is complete, Frank will try to break the deadlock that caused the Bill to fail a few months ago. The Bill will go to vote later in the day.

Representative Bacchus continued his assault on the Bill, claiming that Frank is continually trying to impede the UIGEA from moving forward. He opposed the Bill, just as he had last time, but did acknowledge thanks for the revisions that were made by Frank in the new Bill.

Stay with CGW for the entire day as we will have updates of the vote as soon as it takes place.

New York Post Being Sued By Three Chiefs Over Gambling Editorials

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When a major new publication takes a stand on an issue, they must be careful how they word their opinions. The New York Post is accused of going overboard in recent editorials in their paper.

Three chiefs from the St. Regis Mohawks have taken exception to things that were printed in editorials in the New York Post. The chiefs have filed a defamation lawsuit.

The tribe had proposed to build a gambling casino near New York City. The proposal was for a casino in Monticello. The New York Post took exception to the casino and the proposal.

The lawsuit is claiming that the paper portrayed the tribe as a criminal enterprise. The chiefs are seeking $60 million in payment from the defamation lawsuit.

Two editorials are the focal point of the lawsuit. The first one was published last year. It claimed that the tribe was involved with a cigarette and gun smuggling ring. It also portrayed the tribe as being involved with engaging in shoot-outs with police officers.

In the second editorial, that was published last month, the words “criminal enterprise” was used in describing the tribe. The chiefs have filed the lawsuit with the New York Supreme Court