Online Casino News

Casino rivals question whether deck was stacked - 2004-02-01
In under a year, Penn National Gaming has gone from one of Gov. Blagojevich's toughest critics to the repair for one of his largest problems: the state's budget crisis.

The Pennsylvania horse-track and casino company on Friday disclosed a $506 million proposal to purchase the state's last available casino license, contruct a $255 million casino and hotel in Rosemont and sell the entire package back to the state for $1.
Read the full story at Chicago Sun-Times

Casino receives tax slash from City Council - 2004-02-01
The Fife City Council has lowered the city gambling tax on struggling Freddie's Club.
After casino owner Chip Mudarri informed the council he would have to close without the reduction, the council on Tuesday voted 6-0 to cut the tax from 8.5 percent of gross receipts on card playing to 4 percent.

Fife uses the gambling tax income to pay off bonds it sent to buy park lands. Since 2000, Freddie's has paid the city over $861,000 in card room gambling taxes, but has lost money.
Read the full story at Tacoma News Tribune