KY governor unveils casino/racino amendment
February 14, 2012
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Kentucky Gov. Steve Beshear unveiled a casino gambling amendment Tuesday that would allow five racetrack casinos and two others if legislators and then voters approve.
The proposed amendment does not specify which racetracks would get casinos, or where the non-track casinos could be located. Kentucky has eight racetracks and a ninth license available that has never been awarded. In previous proposals, The Red Mile and Keeneland had agreed to share a license and revenue.
The amendment, contained within a bill being sponsored by Republican Sen. Damon Thayer, suggests where revenues might be spent but does not require it. The split of revenues would be dealt with in subsequent legislation, should the amendment pass. An amendment requires three fifths approval in both houses — 60 House members and 23 senators — and ratification by voters in the general election.
Click here to read a Louisville Courier-Journal story about the initiative.