Boyd License Could Benefit Town - Sunday 26th of March 2006

LIMERICK, Pennsylvania – As reported by the Mercury News: "Should Boyd Gaming be granted a state license for a slots parlor off the Sanatoga exit of Route 422, the township stands to gain more than twice the amount of money that was originally promised.

"Pennsylvania's gaming law entitles host municipalities to a portion of a casino's revenues. That portion is equal to half of the host municipality's 2003-04 general fund budget; however, the state House passed a bill last week that would up the ante for small municipalities where a casino is proposed.

"An amendment to Senate Bill 862 would essentially remove the cap that limits gaming revenue to 50 percent of smaller municipalities' general fund budget. Under the amendment, those municipalities would receive 2 percent of the casino's gross revenue or $10 million, whichever figure is higher. The 148-page bill must now be sent back to the Senate for reconsideration.

"Limerick's general fund budget for 2004 was $5.4 million, which, under the original bill, would have meant that Limerick would receive about $2.7 million. The amended bill would add an additional $7.3 million to township coffers…"

Other news from around the same time

Rhode Islanders May Vote on Casino - Sunday 26th of March 2006

RHODE ISLAND – As reported by the Providence Business News: "Members of the House of Representati....


BC Casino Construction Begins - Sunday 26th of March 2006

VANCOUVER, British Columbia – As reported by the Globe and Mail: "Efforts to attract a more mains....


Bellagio to Present Ansel Adams Exhibit - Sunday 26th of March 2006

LAS VEGAS – The Bellagio Gallery of Fine Artannounced today plans to present an exhibition feat....


Tribal Leaders Oppose Legislation - Sunday 26th of March 2006

MINNESOTA – In a meeting held yesterday atMystic Lake Casino in Prior Lake, MN, tribal leaders ....


Florida Gaming Sells Excess Real Estate - Sunday 26th of March 2006

MIAMI, Florida Florida Gaming Corporation (OTCBB:FGMG) announced today that it has completed the....


Exec: Casino Industry Consolidation is Inevitable - Sunday 26th of March 2006

NEW ZEALAND – As reported by the New Zealand Stuff: "SkyCity Entertainment Group managing directo....


Caesars Foundation Donates $500,000 - Sunday 26th of March 2006

INDIANA – As reported by the Business First of Louisville: "The Caesars Foundation of Floyd Count....


UK Newspaper Bets on Gambling - Sunday 26th of March 2006

UNITED KINGDOM – As reported by Bloomberg: "The Sportsman, Britain's first new national daily new....


Ohio Closer to Casino Deal - Sunday 26th of March 2006

OHIO – As reported by the Cleveland Plain Dealer News: "The advent of spring heralds the promise....


Smaller Grand Casino in Biloxi Planned - Sunday 26th of March 2006

by Howard StutzLas Vegas Gaming WireMISSISSIPPI Harrah's Entertainment will reopen a smaller versi....