Report Says Expanded Gambling Could Generate $1.4 Billion

| January 28, 2012

A report has been released showing the potential tax revenue, generated income and growth that expanded gaming could bring to the commonwealth. The study, commissioned by the horse racing industry, precedes Gov. Steve Beshear’s proposal for expanded gaming. Spectrum Gaming Group says eight casinos at horse racing tracks would have an overall economic impact of nearly [...]

New Gambling Venues in Delaware on Hold

| January 27, 2012

Gov. Jack Markell will not push for expanded gambling in the First State this year, said spokesman Brian Selander in an email. The governors office acknowledged that Markell, who is up for reelection this year, previously supported casino expansion.

Greek deal disrupted by bondholders gambling on default

| January 19, 2012

lsquo;Significant numbers of Greek bonds may have migrated from financial institutions participating in the voluntary Private Sector Initiative (PSI) to others betting that the country will default, throwing the negotiations into peril, a senior economist has warned EurActiv.

Illinois governor touts report skeptical of gambling revenue

| January 15, 2012

CHICAGO — Illinois Gov. Pat Quinn is a touting a new report that his office says casts doubt how much extra money gambling expansion would bring in. Quinns staff released a report Monday that says an initial gambling expansion bill passed by lawmakers would generate about $160 million in new annual gaming revenue and not [...]

Tierney’s spouse testifies in gambling case

| December 26, 2011

Essdras M Suarez/Globe staff. Patrice Tierney, wife of US Representative John Tierney, testified today in her brothers gambling trial. She is seen here in a photo from January.

John Gambling

| December 11, 2011

MYFOXNY.COM – The Joint Select Committee on Deficit Reduction (the “Super Committee”) failed to forge a deficit reduction deal on Monday. Dubbed by several media outlets as the Super Failure, the bi-partisan committee said it could not reach an agreement in time to meet a deadline. Talk radio host John Gambling weighed in on the [...]

Gambling losses drive man to suicide

| December 7, 2011

HYDERABAD: Three months after a gambler jumped to death from a club at Begumpet due to heavy losses, a rice miller from Karimnagar on Monday ended his life by consuming liquor laced with poison in a city lodge, after allegedly losing money in gambling. T Divakar Rao (58) was a rice miller from Pothugal village [...]

GUEST VIEW: Gambling on a new Vikings stadium

| December 3, 2011

As I visit with people throughout the district, the issue I’m asked about most is the Vikings stadium. While it may be “politically smart” to avoid this issue, I believe the right thing to do is address it in a straightforward manner. Several ideas have been mentioned, but very little about the facts and figures. [...]

Daio Paper ex-chief held over massive loans said for gambling

| December 1, 2011

TOKYO (Kyodo) — Prosecutors arrested former Daio Paper Corp. Chairman Mototaka Ikawa on Tuesday in connection with his massive borrowings from Daio Paper group companies for personal use in gambling, alleging that he has caused 3.2 billion yen in damage to the firms. The 47-year-old Ikawa, grandson of the publicly traded papermakers founder, admitted to [...]

Austerity hits gambling at OPAP

| November 29, 2011

(Adds comment, background) * Greek gambling monopoly posts 16 pct profit drop * Austerity hits gambling ATHENS, Nov 21 (Reuters) – Austerity-hit Greeks spurned gambling as their economy nosedived over the summer, punching a hole in quarterly profit at OPAP, Europes biggest betting company. Unlike some recession-hit countries where more people turn to lotteries as [...]