Slots Line News - January 15, 2006

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Minner Expands Delaware Slots 

A joint proposal from Delaware’s Governor Ruth Ann Minner, Legislator, and casino officials will permit Delaware’s three gambling parlors to house more slot machines and stay open nearly around the clock.  The price casinos must pay for the benefits would be a fee between $300-$1000 per machine, paid yearly to the state.

The state could see a current budget increase of $2.3 million from the combination of the new fees and the regular state share of the increased slots proceeds.  However, according to the Department of Finance, when the 2007 fiscal year begins on July 1st, the budget could receive an $11.4 million boost. 

Supporters of the proposal would like to launch legislation to put the plan into effect as soon as possible.  Specifics in the new legislation include a mandate for the state to use $1 million of yearly slots proceeds to benefit the treatment of gambling addicts. 

Newark’s Rep. William A Oberle (R) says, “The real money here is in the additional machines that will be allowed and the additional hours.”  Oberle backed the legislations that legally placed slot machines in Delaware’s horse racing tracks.  Governor Minner was not in initial support of extending casino hours; however her views changed as out-of-state competition against her state’s 4th largest revenue source began to gain momentum.

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