gambling

Politics
4:47 pm
Wed April 2, 2014

Missouri bill seeks to lure high-stakes gamblers

A bill approved Wednesday, April 2 in Jefferson City would let Missouri casinos extend a line of credit to gamblers willing to put up at least $10,000. The bill still has to pass a House vote.
Credit Kristofor Husted / KBIA

High stakes gamblers could find Missouri more alluring if legislation passed by the Senate becomes law.

A bill approved Wednesday would let Missouri casinos extend a line of credit to gamblers willing to put up at least $10,000.

Supporters said the bill would free big bettors from having to carry large quantities of cash to casinos.

Casino officials also hope to attract more high rollers from other states, like professional athletes who may be traveling to Missouri to play in a game.

The Senate sent the bill to the House by a 24-9 vote.

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Politics
8:10 am
Mon March 10, 2014

Missouri seeing effects of declining casino visits

Credit Rob Boudon / flickr

A recent decline in Missouri's casino revenues is raising questions among lawmakers about the extent to which the state can continue to rely on gambling to fund key programs.

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Politics
8:29 am
Wed August 14, 2013

Missouri casino revenue continues its tumble

Credit Rob Boudon / Flickr

Casinos across Missouri are reporting decreased revenue this summer, continuing a trend seen at most of the state's 13 riverboat gambling sites last year.

Overall revenues for July were more than $9.5 million less than in July 2012, a 6.3 decline. That means nearly $2 million less for state education spending derived from a gambling tax compared with this time last year.

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PM Newscasts
6:24 pm
Wed September 26, 2012

Newscast for September 26, 2012

Regional news coverage from the KBIA newsroom, including:

  • State fines Aetna over autism, abortion coverage violations
  • Santorum, DeMint endorse Akin in Mo. Senate race
  • Branson mourns loss of singer Andy Williams
  • Mo. casino industry "doing a good job" at keeping minors out
  • Storms cause outages, damage in St. Louis area
Business
4:45 pm
Wed May 30, 2012

Missouri Gaming Commission chairman to step down

Jim Mathewson, the chairman of the Missouri Gaming Commission will step down Friday. Matthewson chose not to stay for a second three-year term in order to spend more time with his family.

During Mathewson’s tenure with the Gaming Commission, Missouri’s 13th casino license was awarded to developers in Cape Girardeau and disassociated gamblers were provided a pathway to reinstatement.  He says the main challenge now is raising enough revenue to help K-through-12 schools.

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PM Newscasts
6:00 pm
Fri April 27, 2012

Newscast for April 27, 2012

Regional news coverage from the KBIA newsroom, including:

  • A local Kirksville grocer shuts down for good
  • Missouri lawmakers considering allowing casinos to loan money to their patrons
  • Columbia residents unsure of future of neighborhood trees
  • Kirksville shows highest growth of any NE Missouri city
  • University of Missouri hosting Rwanda symposium for public