2008 September 24 Gambling News, Events and Happenings

Students at N.Y.U.?s Stern School of Business are charged with investing nearly $2 million of the university?s $2.2 billion endowment over the course of the semester.

LAS VEGAS The small casino is ringed with a fence topped with barbed wire. Its beige walls have browned from the punishing desert sun. Its bulbous canopies are torn, and the marquee is missing vowels. The front door is padlocked.

Kentucky Governor Steve Beshear has found an innovative solution to dealing with the drop in state revenues as spending on horse racing drops. When all else fails, blame the online gambling sites, and attempt to seize their domain names. Read More…

A $90 million casino and golf resort is closer to coming to Lyon County, Iowa.

LITTLE ROCK — Before bingo operators uttered an opposing word against it, members of a legislative committee concluded Wednesday a state tax on charitable bingo games is unfair and should be repealed altogether.

In what some say is a stunning move, Montgomery County Executive Isiah Leggett announced last week he will now vote in favor of the legalization of slot machines in Maryland.

Several lawmakers pledged Wednesday to try to repeal a tax on charitable bingo games that nonprofit groups say cut into money that would go toward helping others.

THE CITY area may be buzzing in anticipation of the Formula One race this Sunday, but the hype has apparently yet to hit the betting outlets. While odds for this weekend’s inaugural night race were released yesterday, The New Paper found out that punters’ interest in it was lukewarm at best.

Auditors are recommending the Kentucky Department of Charitable Gaming do more to ensure money raised through bingo and other games reaches the intended beneficiaries.