Texas lawmakers are again visiting the topic of expanding gambling within the state. A severe budget deficit has the legislators desperate to consider any path that would allow funding of presidency services without raising taxes.Gambling supporters outweighed detractors last year through the battle for gambling on the Texas Statehouse, but infighting over whose personal vision of gaming could be adopted prevented anyone plan from advancing. Still, an $18 billion budget shortfall has brought the potential for race track slots and resort casinos back to the table.
However, an official from the state comptroller's office told a legislative committee that any new gambling laws may not have a vital financial effect for some time.
“You won’t get any money the primary year, and it is rather likely you'll get a small amount the second one year,” said John Heleman to the home Licensing and Administrative Procedures Committee. Heleman said the method to legalize a gambling expansion would first should be approved by lawmakers, then pass a general ballot test to become a constitutional amendment.
The earliest voters could judge the measure can be November of next year, in step with Heleman. Then rules and regulations must be devised, preventing any impact for with reference to two years.
Gambling supporters responded that the earlier the method begins, the earlier Texas can enjoy the gambling revenues it currently sees leaving around the borders to Louisiana and Oklahoma. And a few appeared to have learned it is vital to compromise in an effort to get gaming laws changed.
“There is opportunity for both casinos and racetracks,” said Andy Abboud, vp for Las Vegas Sands, some of the potential operators if resort casinos are licensed within the state.
Published on July 8, 2010 by VirginiaMaddox
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