Gambling Pays Off in Allegheny County With First Revenue Payment
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Opponents of casino gambling are always quick to point out the downfalls of having gambling in a state. In Pennsylvania, Allegheny County is a testament to what can be good about casino gambling.
Allegheny County received their first revenue payment from the state. The money provides a much needed boost to a county that is struggling with its finances.
$19.9 million was given to the county from the state. The money will go towards repaying a debt to the county of $42.5 million it contributed to the construction of a new airport terminal.
The state has established a slot financed state economic development fund, which will contribute $150 million to Allegheny County over the next ten years. The money will be used in various areas for improvements inside the county. Debts will also be repaid with the money.
Bonds that were sold for a county economic development program were also paid off to the tune of $2.5 million from the state. That money also came from money that was generated from gambling revenue.
Island of Rota Receives House Vote For Casino Industry Funding
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Currently only the island of Tinian has a functional casino in the Northern Mariana islands. That may change soon after the House of Representatives in Rota approved an appropriation Bill that will fund a casino project.
The Bill was not a landslide in the House. It needed fourteen yes votes to pass, and originally it only had twelve. After being urged by House Speaker Oscar Babauta, three representatives that originally abstained changed their votes to yes.
The Bill will call for $500,000 to be transferred from the Route 100 project. It will now be used for the casino industry. The industry will now have the task of regaining economic stability on the island.
Laws are already in place for the casino expansion. Operators must pay five percent of the gross revenue income. An annual license fee and an original license fee will also be collected from the operators.
Now that the Bill has passed the House it will head on to the Senate, where it must also pass to become law.