Delaware Lawmakers Approve Casino Bailout - 47 ABC - Delmarva's Choice

Delaware Lawmakers Approve Casino Bailout

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DOVER, Del. (AP) - Delaware lawmakers approved a $10 million financial bailout for the state's three casinos in one of the final acts of this year's legislative session.

House lawmakers approved the bailout early Tuesday, just minutes before adjourning. Senate lawmakers had approved the legislation last week.
    
The casinos have complained repeatedly that they're struggling with increased competition from neighboring states and have to share too much of their gambling revenue with the state.
    
Supporters of the bill touted it as an effort to save jobs in Delaware's gambling industry, one of the largest sources of revenue for the state's general fund.
    
But even while approving the bailout, lawmakers acknowledged that they have no guarantees the casinos won't lay off workers in an effort to stay profitable.

 

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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