Wed March 12, 2014
Plan to Provide State Money to Ailing Casinos in Delaware
A Delaware commission is recommending that the state give casinos $30 million over the next two years in an effort to save the ailing industry.
The Lottery and Gaming Study Commission also recommends that state help cover vendor fees paid by the casinos.
The price tag: $9 million a year beginning in the next fiscal year.
The Wilmington News Journal also reports that the state would give up $7.2 million dollars in the 2016 year by reducing its share of the table game revenue from 30 percent to 15 percent.
The commission is set to meet next summer to figure out what impact the changes were having on the state and the casino industry.