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Delaware Casinos Enter Talks with Gaming Commission

Delaware Casinos Enter Talks with Gaming Commission

Over the last few years casino revenues in Delaware have been dropping dramatically and the state’s lawmakers are trying to work out what to do about it. The Lottery and Gaming Commission has met over the last few months to try and address the issue and last week they met to hear from the casinos in an executive session.

Delaware Casinos Enter Talks with Gaming Commission

The Lottery and Gaming Commission has been meeting with Delaware casinos to discuss ways to tackle falling revenues.

The casinos told the committee that some parts of their financial pictures, such as marketing and payroll, should be considered proprietary and despite some objections this idea is moving ahead.
Senator Brian Pettyjohn said, “There was a lot of useful information that we got from the executive sessions, we got to delve into some of the marketing plans, some of the deeper numbers.”

The meeting also focused on the revenue sharing system between the state, casino and machine vendors. The casinos are arguing that their portion of the split is too little and unsustainable.

Until now the meetings have been focused on fact finding rather than discussing solutions. However, the commission owes a full report and recommendation for action to the Delaware General Assembly by the end of January, so some ideas should be floated over the coming month.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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