Saturday, May 28, 2005

 

EXPANSION OF GAMBLING DIES

Plans to expand gambling were stopped this week in the Senate. A
proposal to expand gambling into the Lottery Commission sunset bill
wasn’t able to make the time deadline early Thursday morning. The
senate observed a 2 a.m. deadline for the Senate to pass its final
legislation.

The Lottery Commission sunset legislation HB 1434 would have
continued the current operations of the Lottery Commission for another
12 years, while increasing the size of the commission panel from three
to five members and alter a variety of regulatory changes. The
amendment offered by Sen. Ken Armbrister (D-Victoria ), would have
opened the door for a statewide referendum to legalize lottery terminals
at venues across the state.

In addition county gaming districts would be established. County and
city governments would split a percentage that allowed for the counties
and cities to obtain 2% and the state 6 %. The proposal could have
potentially raised an estimated $1.2 billion in revenue in the first year
after passage, and an estimated $5.4 billion by the fifth year. Among
those considered for county gaming districts include: Jefferson County,
Travis County, Dallas, Fort Worth, Galveston, Houston, Laredo, El
Paso, South Padre Island and San Antonio.
Comments:
Gambling Commission under the old regulatory regime, applications have progressed to full hearings while the fortitude of these online gambling casinos commissions and licenses are all but operational; some of these are thought to be dormant and others under construction. Concern at the spate of applications and imposed a cut-off date of April next year for submissions under the old legislation.
 
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