Tue June 24, 2014
Casino Bailout Bill to Get Initial Vote in Delaware
DOVER, Del. (AP) - A bill providing a financial bailout to Delaware's three gambling casinos is poised for its initial vote in the state legislature.
The state Senate was scheduled to vote Tuesday on a bill to help the casinos, which have bemoaned competition in neighboring states and the share of gambling revenues they have to give to Delaware's general fund.
But a bailout plan that could have cost taxpayers about $20 million a year will be scaled down before Tuesday's vote to about half that amount.
The revised bill calls for the state to help pay vendor costs for slot machines, but proposals to eliminate the casinos' annual $3 million table games fee and to reduce the state's share of table game revenue will be dropped.