Maryland Casinos Don’t Assist Education as Promised, State Comptroller Says

Maryland Casinos Don’t Assist Education as Promised, State Comptroller Says

Maryland gambling enterprises were authorized by voters in 2008 on the grounds that the generated taxation income from legalizing commercial gambling is mainly utilized to fund education programs. But that promise, according to state Comptroller Peter Franchot (D), isn’t being kept.

Fifty-eight percent of voters supported the ballot referendum in 2008 to amend hawaii’s constitution and legalize slot machines at five privately owned gaming venues. a referendum that is further in 2012 to include a sixth facility, and permit table games at the casinos.

State Comptroller Peter Franchot says income tax revenue stemming from Maryland casinos isn’t being earmarked once the voter-approved 2008 constitutional referendum dictated.

The ’08 amendment posed to residents explained a vote of support ‘authorizes the State to issue up to five movie lottery licenses for the primary purpose of raising revenue for education of children in public schools, prekindergarten through grade 12, public school construction and improvements, and construction of capital projects at community universities and higher training institutions.’

But approaching nine years since Marylanders backed gambling, Franchot states the scheme ‘was fundamentally a lie.’

‘It was a crass, cynical work to dupe individuals,’ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief financial officer and responsible Continue reading “Maryland Casinos Don’t Assist Education as Promised, State Comptroller Says”

Japan Gambling Enterprises Expected to Embrace Slot Machines, But Pachinko a No-Go

Japan Gambling Enterprises Expected to Embrace Slot Machines, But Pachinko a No-Go

At minimum, two Japan casinos are expected to be authorized by the National Diet when the governing human body comes to terms on its resorts that are integrated sometime this fall.

And whenever casino companies make their pitches to the government to acquire one of the highly wanted licenses, slots are expected to have presence that is strong the gaming floor, a stark comparison to other gambling venues in Asia.

Pachinko may be tough to get inside the Japan casino resorts becoming deliberated by the united states’s government, but slots similar to those in the united states are likely to find space on the floor.

According to a report published by Global Market Advisors (GMA), a casino and hospitality consulting firm based in Las Vegas, slot devices takes center stage on Japan’s gaming floors. While other Asian nations with gambling give attention to dining table games to cater to your very popular baccarat crowd, in Japan, like in the US, slots will just take in a bigger part.

‘ The single greatest misconception a casino operator can make is always to assume that Japanese gamers will play the same games as those players that frequent Macau,’ the report, en titled ‘White Paper: Japan Integrated Resorts,’ explained. ‘The Chinese have a dining table game centric gaming culture and possess long embraced baccarat and sic bro. The Japanese … have long-established history as a machine-cent Continue reading “Japan Gambling Enterprises Expected to Embrace Slot Machines, But Pachinko a No-Go”