Fri January 31, 2014
Saving the Delaware Casino Industry
DOVER, Del. (AP) - Members of a panel examining how to keep Delaware's gambling industry competitive say they need more time to submit a report to lawmakers.
The commission was to submit its findings and recommendations on Friday.
But state finance secretary Tom Cook, the panel chairman, disclosed Thursday that members now expect to complete their work by Feb. 28.
A key issue for the panel is how much of a hit the state general fund should take in order to give a financial break to Delaware's three casinos.
Options being discussed include revising how gambling revenue is shared among the state, the casinos and horse racing purses.
Delaware's three casinos have steadily lost business in recent years to casinos in neighboring states despite the addition of table games, sports betting and online gambling.