Tuesday, February 14, 2012

Beshear Unveils Gambling Proposal

  • {Frankfort, Kentucky}...Governor Steve Beshear unveiled a plan Tuesday to amend Kentucky's Constitution to allow casinos in the state. Beshear argues that Kentuckians are wagering hundreds of millions of dollars in casinos in neighboring states, and, if Kentucky legalized casinos, that money could increase General Fund revenue and bolster the struggling horse racing industry. To get through the General Assembly, the proposal has to be approved by 23 of the state's 38 senators and 60 of the 100 representatives. Republican Senator Damon Thayer of Georgetown filed a bill that would allow as many as seven casinos, five at horse tracks and two elsewhere. If approved by lawmakers, the proposal would be placed on the ballot in November to be ratified or rejected by voters.