Maryland Casinos Don’t Assist Education as Promised, State Comptroller Says

Maryland Casinos Don’t Assist Education as Promised, State Comptroller Says

Maryland gambling enterprises were authorized by voters in 2008 on the grounds that the generated income tax income from legalizing commercial gambling is primarily used to fund education programs. But that promise, based on state Comptroller Peter Franchot (D), isn’t being kept.

Fifty-eight percent of voters supported the ballot referendum in 2008 to amend their state’s constitution and legalize slot machines at five privately owned video gaming venues. a referendum that is further in 2012 to incorporate a sixth facility, and invite table games at the gambling enterprises.

State Comptroller Peter Franchot says taxation revenue stemming from Maryland casinos isn’t being earmarked whilst the voter-approved 2008 referendum that is constitutional.

The ’08 amendment posed to residents explained a vote of support ‘authorizes the State to issue up to five video lottery licenses for the primary intent behind raising revenue for education of children in public schools, prekindergarten through grade 12, public school construction and improvements, and construction of capital projects at community colleges and higher education institutions.’

But approaching nine years since Marylanders backed gambling, Franchot says the scheme ‘was fundamentally a lie.’

‘It was a crass, cynical effort to dupe people,’ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief economic officer Continue reading “Maryland Casinos Don’t Assist Education as Promised, State Comptroller Says”

ESports Gambling Now Fully Recognized Under Nevada Law, Gov. Sandoval Signs Parimutuel Bill

ESports Gambling Now Fully Recognized Under Nevada Law, Gov. Sandoval Signs Parimutuel Bill

ESports wagering is finally getting the sort of recognition the space that is rapidly emerging deserves. Over the Nevada Governor Brian Sandoval (R) made wagering on competitive video gaming fully legal weekend.

Nevada Governor Brian Sandoval has officially made eSports gambling an activity that is legal hawaii.

By signing a bill that adds the tournaments to their state’s parimutuel code, Governor Sandoval solidified the legality of eSports betting in the state of Nevada for the foreseeable future.

Senate Bill 240, authored by State Sen. Becky Harris (R-Clark County), amends Nevada’s law on parimutuel wagering to include ‘other events’ than just horse races, animal races, and athletic sporting events.

The legislation will allow Silver State sportsbooks to take odds on everything from eSports to whom will win Best Actor at the Oscars. It will not, however, allow for gambling on politics.

SB 240 ended up being passed away unanimously by both the Nevada Assembly and Senate. Sandoval’s signature on the statute came as no surprise.

The Nevada Gaming Control Board, a three-member panel appointed by the governor, signed off on a suggestion from the state’s Gaming Policy Committee to enable books to take eSports wagers fall that is last. The Downtown Grand’s William Hill sportsbook right after became the location that is first simply take eSports bets.

‘There’s a lot he doesn’t play video g Continue reading “ESports Gambling Now Fully Recognized Under Nevada Law, Gov. Sandoval Signs Parimutuel Bill”

Britain’s ‘Rich List’ Crowns Gambling Business’s Wealthiest Royalty