'KY in Crisis' Special

[Benny Leger]

Spot on Cannon...BTW...Nice job on "ATRAB" Wed....very eloquent. If we are not careful we will screw up the one thing Kentucky is famous for WORLD WIDE.

[Bigsmc]

Originally Posted by Cannon Shell

It will pass if it gets on the ballot especially in bad economic times. The counties that tint blue dont have that many people. Of course if it does get on the ballot we will be swamped by tv and radio ads that will spout untruths and bs religous crap that will be entirely funded by the Casinos.

Exactly what happened here in Florida. The number one contributor to the anti-slots campaign? The Seminole and Miccosukee Indians. Why didn't they want the pari-mutuel tracks and frontons to get slots? Because they already had them and had the market cornered. So they funded all of these ads that told the TV watching public how awful gambling was, how it was going to leave them all broke and bring the "criminal element" to your neighborhoods. All the while, they are raking in through their own slots.

Now, since Dade and Broward Co. have slots (and they lost their monopoly), they want full table games, so they have been stumping in Tallahassee telling everyone within earshot how great they are for the community and how many thousands of jobs the table games will create.

[Riot]

Excerpts from todays Lexington Herald-Leader:

"House panel OKs bill for slots at tracks. But Stumbo doubts it will pass full house this session."

"Despite Thursday's swift action, the slots bill proposed by House Speaker Greg Stumbo will go to the Appropriations and Revenue Committee, where Stumbo said it might be shelved for the session."

Stumbo said it was up to the horse industry to makes it's case (meaning don't expect politicians to put their butts on the line supporting this publically)

"Gov. Beshear said he would not object to including slots in the tax debate but said his hands are presently full with the state's budget crisis"

"Opponents of expanded gambling objected to the fact that copies of the bill were not available before the meeting."

"Although she called the committee's action "a travesty" because of the lack of public input, the Rev. Nancy Jo Kemper, executive director of the Kentucky Council of Churches, said she does not see Thursday night's vote as significant."

New licensing structure: Turfway would pay highest fee $125 million, Keeneland and The Red Mile would share a slots license with a fee of $100 million. Churchill buys it's own at $100 million.

Flat 28 percent tax rate on proceeds from slots for the first five years (to the state), then 28 percent tax on first $100 million in revenue and 38 percent on anything above that.

[Cannon Shell]

Originally Posted by Riot

Excerpts from todays Lexington Herald-Leader:

"House panel OKs bill for slots at tracks. But Stumbo doubts it will pass full house this session."

"Despite Thursday's swift action, the slots bill proposed by House Speaker Greg Stumbo will go to the Appropriations and Revenue Committee, where Stumbo said it might be shelved for the session."

Stumbo said it was up to the horse industry to makes it's case (meaning don't expect politicians to put their butts on the line supporting this publically)

"Gov. Beshear said he would not object to including slots in the tax debate but said his hands are presently full with the state's budget crisis"

"Opponents of expanded gambling objected to the fact that copies of the bill were not available before the meeting."

"Although she called the committee's action "a travesty" because of the lack of public input, the Rev. Nancy Jo Kemper, executive director of the Kentucky Council of Churches, said she does not see Thursday night's vote as significant."

New licensing structure: Turfway would pay highest fee $125 million, Keeneland and The Red Mile would share a slots license with a fee of $100 million. Churchill buys it's own at $100 million.

Flat 28 percent tax rate on proceeds from slots for the first five years (to the state), then 28 percent tax on first $100 million in revenue and 38 percent on anything above that.

Kemper is as dirty as a politician