Kentucky Again Considering Las Vegas-Style Casinos
Proposal On Table Would Let Voters Decide On Issue
A proposal was introduced Tuesday that, if successful, would lead to Kentuckians voting in November on whether or not to allow casinos in the state. The move would require an amendment to Kentucky’s constitution.
There was some momentum for a bill last year, but it didn’t end up gaining traction. Casinos have been discussed for 17 straight legislative sessions, with opponents always being able to kill any measure up for debate.
Under this year’s proposal, 90 percent of casino tax revenue would help shore up the state’s pension system, while the remaining funds would aid the horse racing industry.
According to Bizjournals.com, Kentucky Gov. Matt Bevin in the past has said that he is opposed to casino-style gambling, but the governor wouldn’t need to support the plan if the referendum is successful. The legislature would need to hash out the logistics of bringing commercial casinos to the state, should voters sign off on the idea.
While Kentucky lawmakers continue to discuss casinos, the state is also pursuing a $870 million judgement against PokerStars, the world’s largest online poker site. Kentucky alleges that the site illegally did business with residents between 2006 and 2011. PokerStars’ parent company, which is appealing the ruling, said that the damages award “is notable only for its absurdity.”
A federal court in Illinois recently dismissed a nearly identical case against PokerStars. That court found that the plantiffs’ case had no standing because PokerStars facilitated the games. In other words, the players didn’t lose money to PokerStars, but rather other customers. The players in that case also weren’t the ones claiming gambling losses and the law trying to be used is centuries old and comes from an anti-gambling era in Illinois.
|1||Damon Impersonates Malkovich From 'Rounders'|
|2||Someone Paid €110,000 To Player Poker With Ed Norton|
|3||Jon Turner Wins CPPT Venetian Main Event|
|4||CPPT Venetian: Thomas Paul Leads Final 16 Players|
|5||CPPT Venetian: Erick Lindgren Leads Final 62 Players|
|6||Vegas Bookmaker Fined $1.5M, CEO To Resign|
|7||Poker Strategy: Beware Of Unforced Bets|
|8||Poker Strategy With Ed Miller: Three Bet-Sizing Tells|
|9||Caesars In Talks To Sell CIE, But Would Keep WSOP|
|10||Jon Little: Top Poker Pro Becomes Top Instructor|
|1||Poker Pro Folds Quads To All-In Bet In Main Event|
|2||Final Nine Set For 2016 WSOP Main Event|
|3||Fedor Holz Wins 2016 WSOP $111,111 High Roller|
|4||Man Runs Up $10K Into One Drop Buy-In Playing BJ|
|5||Phil Ivey Enters First And Only WSOP Event In 2016|
|6||Raymer Not Impressed By Being Last Former Champ Left|
|7||Mercier Proposes To Girlfriend At Final Table|
|8||Man Pays $10K To Enter Ladies Event At 2016 WSOP|
|9||2016 WSOP Main Event: 80 Players Remain After Day 5|
|10||Money Bubble Bursts In 2016 WSOP Main Event|