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casino gambling

Economists uncertain of gambling amendment’s effect

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It’s not clear whether a proposed gambling-control amendment will help or hinder the state’s finances. A panel of state economists stalemated this week on the financial impact of the Voter Control of Gambling amendment. The Financial Impact Estimating Conference’s final report was hand-delivered to Attorney General Pam Bondi and Secretary of State Ken Detzner on Thursday. A summary reads: “The amendment’s impact on state and local government revenues and costs, if any, cannot be determined at this time because of its unknown effect on gambling…

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Gambling amendment group not fundraising

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The panel behind a proposed constitutional amendment on gambling again posted no new fundraising as of its April report. But Voters in Charge has nearly burned through the $195,000 given to it as seed money from the No Casinos anti-gambling expansion organization — awkwardly misspelled in a report as “No Cashinos.” The committee’s campaign finance report for April shows total expenditures at $189,100, according to the Division of Elections. Much of that money was given to paid petition gatherers. The amendment would “ensure…

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Economists puzzle over proposed gambling amendment

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If it’s approved, would a proposed constitutional amendment outlaw currently legal kinds of gambling? A panel of state economic analysts debated the question on Tuesday. The Financial Impact Estimating Conference, a slate of economists for the Legislature and executive branches, held a public workshop in Tallahassee on the Voter Control of Gambling amendment. It would “ensure that Florida voters shall have the exclusive right to decide whether to authorize casino gambling,” the ballot summary says. It’s aiming to get on the 2018 statewide…

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Today on Context Florida: Florida’s bad bet, Marco Rubio, little Donnie Trump and weather-related crisis

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Today on Context Florida: Former Lt. Gov. Jeff Kottkamp says expansion of gambling is a “bad bet” for Florida. When the current state constitution was approved in 1968 the only approved gambling involved pari-mutuels: dog tracks, horse tracks and jai alai. They had been in operation for decades and considered sporting events you could bet on. Since the constitution was passed, the voters of Florida have rejected amendments to allow casino gambling three times: in 1978, 1986 and 1994. When the…

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For Donald Trump’s gambling bets, some wins and losses

in 2017/Top Headlines by

The first rule of gambling is sometimes you win and sometimes you lose. Not even Donald Trump was immune to that fundamental truth as he built a gambling empire. He helped Atlantic City grow its casino market into the nation’s second-largest while welcoming celebrity friends like Michael Jackson, smothering his casinos in neon purple carpeting and bringing his touch to decorating: If one chandelier is good, then 17 are better. But the debt he incurred while doing so repeatedly led…

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Financier Reid Nagle voices opposition to Florida horse race decoupling

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Before he started training Thoroughbred racehorses in Florida five years ago, Reid Nagle had spent more than 30 years in the world of high finance. In 1987, he founded SNL Financial, the premier multi-industry business intelligence service that caters to Wall Street and public companies worldwide. Starting with four employees and a small office in Hoboken, N.J., today SNL has 3,300 employees, offices in four continents and was just sold last month to McGraw-Hill Financial for $2.25 billion. Currently, Nagle has…

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Floridians divided on expanding gambling, survey says

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The latest Sunshine State Survey data show “a conflicted populace” on the question of expanding gambling in Florida, with roughly a third wanting Nevada-style casinos and another 20 percent wanting no gambling at all. More survey results released Monday included a question on gambling: “Do you believe the State of Florida should allow casino gambling only at Seminole Tribe facilities or allow Nevada-style casinos to be built, or allow no gambling at all?” Results show 34 percent favoring expansion to Nevada-style casinos, 33 percent…

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