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MA treasurer candidates bet against gambling bill

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Pre-Reveal Sweepstakes

BOSTON – The three Democratic candidates for the state’s treasurer were unified against casino in Massachusetts during a debate on TV.

The candidates namely Tom Conroy of Wayland, Barry Finegold of Andover and Deb Goldberg of Brookline told they are against casinos in Massachusetts and expressed concerns for the state’s lottery.

According to the Supreme Judicial Court, a referendum to revoke the 2011 expanded gambling law which allowed three regional resort casinos and one slot parlor will be voted upon on the statewide ballot on November.

State representative Conroy of the 13th Middlesex District told that the gaming bill could create more bankruptcies and hurt the state’s budget.

“I’m the only one who has done a cost-benefit analysis. The costs outweigh the benefits,” Conroy stated.

Meanwhile, Goldberg who served six years for the Brookline Board of Selectmen told that the money generated from lottery tickets was the only unrestricted general funding communities received from the state.

Senator Finegold stated that he voted twice against the gambling bill.

“The gaming bill is a bad bet for the Commonwealth,” Finegold said.

Goldberg also agreed with Finegold saying online gambling would hurt small business like lottery outlets.

“They are terrified of this. Online gambling – there couldn’t be anything worse,” Goldberg expressed.

Missouri Governor allowed casinos to provide $10,000 credit line to gamblers

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Pre-Reveal Sweepstakes

JEFFERSON CITY, Mo. – Gamblers will soon enjoy up to $10,000 credit line in the state of Missouri after Gov. Jay Nixon allowed the bill to take into effect on Tuesday morning.

“This is about a convenience for our patrons. I think we’re missing out on some players who would come to Missouri,” said Mike Winter, executive director of the Missouri Gaming Association.

The new bill called SB 741 stated that a “qualified person” who has completed a credit application provided by the licensee and who was determined by the licensee, after performing a credit check and applying usual standards to establish credit worthiness is qualified for a line of credit of at least ten thousand dollars.

“What the bill does is it allows casinos to extend credit to individuals. To do that they first must run a credit check on the patron who is applying for that credit, they have to use what the statute calls the usual standards of credit worthiness to determine if the patron qualifies for the line of credit of at least $10,000,” explained Ed Grewach, General Counsel for the Missouri Gaming Commission.

Grewach added that the zero percent loan must be paid within 30 days from the day it was taken out.

According to the new bill, once the licensee makes the determination that a person is a qualified person; additional credit checks are not required.  Furthermore, the approval to accept a credit instrument from a qualified person shall be made by the holder of an occupational license.

The bill took will took effect on August 28.

Good-bye Trump Plaza

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Pre-Reveal Sweepstakes

ATLANTIC CITY, N.J. – The owner of Trump Plaza casino announced it will shut down in mid-September.

On Saturday, the Trump Entertainment Resorts told The Associated Press that though no final decision has been made yet, it expects to close its doors on September 16.

According to the management of Trump Plaza, its board of directors have been reviewing alternatives for the property. Although this review has not been completed and no final decision has been made, the company expects that it will terminate the operations of Trump Plaza Hotel and Casino on or shortly after September 16, 2014.

New Jersey State Senator Jim Whelan expressed distress with the news.

“I’ve been back and forth between being depressed and angry all day,” said Whelan.

According to Whelan, the closure of Trump Plaza would lay off 1,000 employees. The WARN notices will be sent as early as Monday.

“I’d love to stand here and tell people – particularly the employees – don’t worry, we’re going to fight, we’re going to save your jobs; this, that and the other. I’d be lying,” added the former Atlantic City mayor.