Posted inMoney

A British bet on OTB in Connecticut’s roiled gambling market

STAMFORD — Ted Taylor settled onto an upholstered leather bench in an unfinished booth at the new Bobby Valentine’s restaurant and sports bar, the Connecticut Gold Coast’s introduction to a plusher version of what’s been a shrinking, down-market gambling niche — off-tracking betting. His company, Sportech, is investing in a gambling market under pressure from increased competition both in and outside the state.

Posted inMoney, Politics

A symbolic victory for casino expansion

The state Senate approved the consolation prize late Wednesday for those hoping to see a new casino authorized to combat growing competition from gambling facilities in neighboring states — particularly one to open in Springfield in 2017. The bill, which now heads to the House of Representatives, instead establishes a search process for a potential host community for a new casino — and requires the legislature to revisit the matter one year from now.

Posted inCT Viewpoints

Some keen, others not so, on Connecticut Keno proposal

There is no small amount of disagreement over whether Connecticut should allow the game of chance Keno to be offered by the Connecticut Lottery Corporation in restaurants, bars, and convenience stores. There were dozens of witnesses addressing the issue (H.B. 7054) at a recent hearing, calling the idea everything from a good source of money for education to a regressive and harmful game that preys on low-income residents. Here are some examples.

Posted inMoney, Politics

So far, few bet on adding gaming sites

Since Mohegan tribal leaders declared their interest six weeks ago in offering casino games at a new site, state officials responses have ranged from negative to lukewarm. But if the concept is to get even a public hearing this spring, someone at the Capitol is going to have to step up and champion the issue, according to the leader of the legislative panel with jurisdiction over gaming issues.

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