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Casino Gambling Financials Gambling Law Gambling News Lottery Mr. Andersons Insight

Ohio’s Issue 6 – Allowing gambling in the Bible Belt?

Well after years of failed gambling voting in Ohio Issue six this November is the newest to surface. Issue 6 run by a small time group of Indian Casino promoters is attempting to slip one in there. They have many loopholes in the proposed amendment to the Ohio Constitution that will allow real casino based gambling once and for all. They state Millions will go directly to each county of the state evenly and everyone will be happy keeping Ohio’s dollars inside the state but what they do not tell you is this is not forever. A major loophole in issue 6 is that it states, all casinos in Ohio will have to pay the exact same tax rate. Does not sound to bad as millions are supposed to flow from just the first casino right? Looking further, if these boys bring an Indian based casino into Ohio later the effective tax rate for all casinos will be 0 (ZERO) (NOTHING)!! as you can not tax a Native American or a business (Casino) run by them. At least the government did something right for these folks that took care of our land before we stepped in.Â

So, as much as I want a casino or two in Ohio, I will be voting NO on issue 6 as I firmly believe a casino will be great for the state, but it must be done correctly or its just a giant vacuum for Ohio’s cash.

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Featured Gambling News Sports News

Irish Bookmaker pays out on presidential election betting EARLY!

DUBLIN, Ireland (AP) – The race is over as far as Ireland’s biggest bookmaker is concerned.
Paddy Power PLC says it is so sure Barack Obama will win the U.S. presidential election next month that it paid off Thursday on all bets it had taken backing the Democratic candidate. It said it shelled out more than euro1 million, about $1.35 million.

“We declare this race well and truly over and congratulate all those who backed Obama—your winnings await you,” the company said in a statement.

Paddy Power has a long tradition of winning free publicity by paying off early, particularly on political contests—and it also has a recent record of getting the result spectacularly wrong.

In June, the company paid out early in favor of people who bet Irish voters would approve the European Union’s latest treaty in a referendum. The next day, a “no” result sent shock waves across the 27-nation EU, and cost Powers a hefty sum since it ended up paying off both sides of the bet.

The same thing would happen to Powers if it guessed wrong about the U.S. election. The pro-Obama bettors would keep the winnings paid out Thursday, while John McCain backers would cash in, too.

Powers said the biggest winner among the Obama bettors was someone who gambled euro100,000 and got back a total of euro150,000.

The most visionary bettor, though, was the “punter” who put down euro50 on Obama in 2005. At the time, Obama was listed at 50-to-1, so the bettor got euro2,550.

Despite calling the contest, the Dublin-based bookmaker said it is still taking new bets on the race. A John McCain victory Nov. 4 on a bet placed Thursday would pay off euro5 for every euro1 bet. By contrast, each euro1 bet on Obama would net just 11 euro cents.

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Gambling Law Gambling News Mr. Andersons Insight

Submit a question about gambling on the Debate tonight!


Well we still have a chance to get our question onto the the debate for tonight, I urege you all to write a question to get the stance on Internet freedoms, Blocking URL’s and stance on the UIGEA NOW — m hurry up

http://www.msnbc.msn.com/id/18182175/

Use the link to submit your question.

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Featured Gambling Law Gambling News Mr. Andersons Insight Online Casinos Online Poker

Kentucky on the move – Doyle’s Room falls and others

It is simply amazing. Amazing that the freedoms of the world and the people of the United States have to be sold off to land based casinos and the horse racing monopoly of Kentucky. Where is the freedom of choice? When it comes to cash the United States only sees one thing. If you make money we get a piece, if you spend money we better be getting a piece. With the 700 (850) Billion dollar tax bail out for Wall Street and the censorship of the Internet I hope and pray the American public wakes up before we are all standing in line for food and health care. WAKE UP PEOPLE!

 Others handed over form Go Daddy registrar are Cake Poker, and Ultimate Bet Poker along with of course Doyle’s Room.

 If anyone has a domain registered with Go Daddy I suggest moving it ASAP.