Friday, July 26, 2013

Regulation

Ohio Supreme Court to hear complaint against racinos.
"The anti-gambling group, Ohio Roundtable, filed a lawsuit challenging Kasich’s decision to allow VLTs at the state’s seven horse tracks. The group charged that the state was letting the racetracks keep too much of the proceeds from slot machines — two-thirds — compared with other lottery games and that installing thousands of electronic slot machines was not an expansion of the Ohio Lottery, which is the state’s justification for allowing the VLTs into racetracks without a public vote, among other issues."
Sounds shady but typical for government.
"Both a Franklin County Common Pleas judge and the 10th District Court of Appeals dismissed the suit because they determined the opponents do not have standing to bring an action against the governor, the racinos and others."
They probably won't have standing until the racinos are in operation, then it'll be a fiat accompli

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