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Lawmakers debate racino revenues

02/04/10


The general manager of Hollywood Slots in Bangor yesterday urged lawmakers to allow the facility to operate table games to bring in additional revenue.

John Osborne went before the Legislature's Legal and Veterans Affairs Committee to push for a proposal that would bring poker, roulette and craps tables to Hollywood Slots, according to Capitol News Service. The tables would add 130 new jobs and produce about $8 million a year, $1.4 million of which would go to the state, along with a licensing fee of $5 million. The committee first floated the idea last month, and is preparing to send its ideas for gambling expansion to the appropriations committee.

In related news, Scarborough Downs is protesting a proposal to put a $4.5 million cap on the amount of annual revenues from Hollywood Slots that would go to the harness racing facility and others in the harness racing industry, according to Current Publishing. Rep. Linda Valentino, D-Saco, proposed the cap, which would extend for three years, to siphon another $1.8 million from Hollywood Slots to the state general fund, but Scarborough Downs said the measure would hurt the struggling harness racing industry. The Legislature approved a similar measure last year, capping the amount of slot revenues going to the Fund for a Healthy Maine at $4.5 million.

Go to the article from Capitol News Service >>
Go to the article from Current Publishing >>

 
 
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tibboheloh (February 04, 2010 2:37PM EST)

My issue with this is compensating the Indian Nation in our state that first proposed a casino and were so roundly refused. The revenue from the now existing casinos should be shared with them. It is not right for us to have refused them this badly needed income source, while we co-opted the idea and allowed it within a decade of their proposing it. It is just not right. How can we do the right thing for the forward thinking entrepreneurs that laid the groundwork for this income stream for the State of Maine. Their nation deserves a cut of the action.


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