Churchill Downs To Push Slots Again
There's no big surprise here but Churchill Downs Inc. has gone on record saying it will pursue expanding gambling once again in the upcoming Kentucky General Assembly session. A story in this morning's Louisville Courier-Journal quotes Churchhill Downs President Bob Evans as saying the company will ask the legislature once again to approve slot machines at the racetracks. Gambling expansion has repeatedly been beaten back in the General Assembly but big gambling has so much to gain financially (at the expense of Kentucky's families) that the industry is willing to spend as much as it takes for as long as it takes to get what it wants.
Of course, with the nation's economy slumping, expanding gambling is an even worse idea than usual. Addictive slot machines will suck money out of Kentuckians' pockets like vacuum cleaners.
Here's the story from the Courier-Journal:
Churchill Downs Inc. President Bob Evans pledged to pursue expanded gambling next year in Kentucky, citing Maryland voters' approval of slot machines.
A portion of slots revenue would go to boost racing purses.
"With Maryland voters just approving slots there this week, Kentucky is now the only one of the three states that conduct racing's storied Triple Crown without legislation allowing slot machines," Evans said in a conference call with investors and analysts yesterday to review third-quarter earnings.
Maryland's law allows slots at Laurel Park, although not at Pimlico Race Course, where the Preakness Stakes is held. Both of those tracks are owned by Magna Entertainment Corp.
Click here to read the rest of the story.
0 Comments posted by: Site Administrator on November 7th, 2008