Arkansas May Reconsider Casinos - Thursday 20th of April 2006

ARKANSAS – As reported by the Baxter Bulletin: "Arkansans don't mind betting on fast horses. They don't seem to have a problem making wagers on fast dogs. When it comes to casinos, however, they draw the line.

"Arkansas voters repeatedly have drawn the line on attempts to legalize casino gambling, most recently in 2000. This November, if proponents get the necessary 80,570 signatures on their petition, voters may get to have their say again, this time on a proposal similar to the one that went down in flames six years ago.

"Unlike the Legislature's proposed amendment to legalize bingo and raffles for established charitable organizations, the casino measure is being put forth by the private, for-profit Arkansas Casinos and Resorts Inc., a Texas-based company headed by Michael J. Wasserman of Gainsville, Texas.

"…In addition to casinos, the proposed amendment would establish a state lottery and a gaming commission. The proposal would earmark 50 percent of lottery revenue for prizes, 45 percent for an educational trust find and 5 percent for operating expenses.

"…Mr. Wasserman's proposal also would make gross gambling revenue from casinos subject to state and local sales taxes. However, the amendment would exempt the casinos from personal and property taxes, where local governments get most of their funding…"

Other news from around the same time

Harrah's Presents Pittsburgh Proposal - Thursday 20th of April 2006

PITTSBURGH, Pennsylvania – Forest City Enterprises(NYSE: FCEA; FCEB) and Harrah's Entertainment....


Spectrum Gaming Opens New Headquarters - Thursday 20th of April 2006

NORTHFIELD, New Jersey – Spectrum Gaming Group,responding to the rapidly growing demand for its....


Mega Millions Jackpot Grows to $265 Million - Thursday 20th of April 2006

UNITED STATES – $265 million and it's stillgrowing! The Mega Millions game is certainly living ....


Idaho Lottery Plans for Online System - Thursday 20th of April 2006

WEST GREENWICH, Rhode Island – GTECH HoldingsCorporation (NYSE: GTK) was notified by the Idaho ....


Inside Gaming Column: Harrah's Keeps Hopes High for Caesars - Thursday 20th of April 2006

by Rod SmithLas Vegas Gaming WireHarrah's Entertainment, which bought Caesars Entertainment last ye....


Red Rock Resort Offers an Array of Restaurants - Thursday 20th of April 2006

by Chris JonesLas Vegas Gaming WireSUMMERLIN, Nevada A multitude of mouths longing to pacify thei....


MGM Mirage Voice Foundation Celebrates - Thursday 20th of April 2006

LAS VEGAS – The MGM Mirage Voice Foundation is currently celebrating its fifth year of service ....


MTR Gaming Group to Pursue Private Placement of Notes - Thursday 20th of April 2006

CHESTER, West Virginia MTR Gaming Group, Inc. (Nasdaq National Market:MNTG) today announced that....


Harrah's to Acquire Casino Magic Biloxi - Thursday 20th of April 2006

LAS VEGAS Enhancing its ability to pursue long-term growth opportunities on the Gulf Coast, Harr....


Station Casinos Debuts Red Rock Casino - Thursday 20th of April 2006

LAS VEGAS Red Rock Casino, Resort and Spa from Station Casinos, Inc. (NYSE:STN), the first bill....