Thu March 20, 2014
Doubts About Breaks for Delaware Casinos
The proposal to give casinos more than $20 million in state assistance is running into skepticism in the Delaware General Assembly.
Rep. Dennis Williams, a member of the House gaming committee, questioned where the money would come from.
He told the Wilmington News Journal that this was not a short-term two-year bailout but something that would become permanent.
And he reflected the opinions of other members of the committee that included its chair Rep. Charles Potter who voted against the proposal.
The Talleyville Democrat’s remarks followed a hearing by the committee about the proposal from the Lottery and Gaming Study Commission last week.
The News Journal reports that the Commission is recommending the state provide $10 million beginning in the next fiscal year to cover vendor fees paid by the casinos.
The state would provide funds of up to $7.2 million in next fiscal year by cutting its share of table game revenue from 30 percent to 15 percent.
It would also provide an additional $3 million by not charging casinos table gaming license fees.