Gambling

5/15/2008 | Economy, Gambling

Schwarzenegger to propose borrowing against lottery

Yahoo News

SACRAMENTO, Calif. - Gov. Arnold Schwarzenegger will propose borrowing against future state lottery revenue to help close a budget shortfall estimated as high as $20 billion, administration officials told The Associated Press. In a revised budget to be released Wednesday, Schwarzenegger will propose raising $15 billion over three years by selling bonds based on anticipated lottery revenue, then use about $5.1 billion of that for the coming fiscal year to help erase the deficit, the officials said Tuesday.

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3/29/2007 | Gambling

Will SugarHouse Casino Be Blocked?

The Bulletin

Philadelphia - After all the turmoil, hand-wringing and gnashing of teeth over how to create local control of casinos in Philadelphia, it turns out one of the two proposed casinos in Philadelphia is already in violation of city zoning. Pretty much everybody who should have known the casino is proposed in an overlay district (which prohibits entertainment in places that serve liquor) says they just forgot the overlay was there. That's their story and they're sticking to it.

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