State Senator Brandon Beach, along with the committee he chairs, has been tasked with analyzing the potential of Georgia gambling as it pertains to funding higher education.
Georgia gambling might make its way soon out of prohibition and casinos could be welcomed to your Peach State, as lawmakers confirmed two hearings are slated for mid-September to talk about the merit of funding its HOPE Scholarship Program through gaming profits.
The State Senate’s Preservation of the HOPE Scholarship Program research Committee will hold back-to-back meetings on September 14th and 15th to debate whether legalizing gambling, including possibly horse racing, would gain advanced schooling programs without negative social impacts.
The newly created committee was made to investigate the economic issues pertaining to Senate Resolution 605, a bill that seeks to use tax revenues from the legalization of gambling and horse racing wagering for education.
‘Without any doubt, the HOPE Scholarship is a very tool that is important Georgians being able to pay for higher education,’ State Senator Brandon Beach (R-District 21) and chair of the committee, said in July.
Hope for HOPE
First launched in 1993 under then-Governor Zell Miller, the HOPE Scholarship can be acquired to any or all Georgia residents who meet particular scholastic criteria, for instance maintaining a 3.0 minimal grade point average while in high college.
Today, HOPE consists of a show of tiered programs like the HOPE Grant, designed for pupils seeking a certification that is technical diploma, and the Zell Miller Scholarship, aimed at highly successful additional education students who have maintained a 3.7 GPA.
However, since 1998 tuition has surged more than 300 per cent nationwide, though inflation has increased only 85 percent, making state lawmakers scrambling to help keep HOPE adequately funded.
Its lottery, the form that is only of gambling currently in Georgia, has funded $8 billion in HOPE programs to more than 1.6 million deserving recipients since the program’s inception. But the lottery just can’t keep up with the escalating tuition increases.
‘Because of this success and need for the program, you should look at approaches to financially keep it solvent for a long time,’ Beach affirmed. the funding hurdle is through legalizing gambling, at least according to proponents.
‘The tourism location casino happens to be way overdue to have tourists into Georgia and their dollars into Georgia to invest in higher education,’ Economic Development Committee Chair and State Rep. Ron Stephens (R-District 164) said.
Casinos on Georgia’s Mind
Should the two committee meetings go in favor of passing gambling legislation, Georgia stands to build $250 million a 12 months in hope scholarship capital, in accordance with stephens. He’s in favor of placing a gambling amendment regarding the ballot that is statewide November 2016, and should voters determine to end casino prohibition, allow local governments to determine whether they want to host a gambling venue.
In Stephens’ bill, hawaii is divided into five zones by having a total of no more than six licenses being issued. The Georgia Lottery would oversee each casino.
‘Georgia has historically been at the forefront of making a deal with pupils: you cover tuition costs,’ State Rep. Stacey Evans (D-District 42) said in a recent Atlanta Journal-Constitution op-ed if you work hard in high school and in college, we’ll help. ‘ That’s simply not the situation more more chilli slot anymore.’
Union banned from Beaming Messages to Walls of Carl Icahn gambling enterprises
Regional union workers are likely to carry on picketing at the Trump Taj Mahal, nonetheless they will not be permitted to beam communications on its walls. (Image: AP)
Casino employees and billionaire investor Carl Icahn get excited about a battle that’s mainly being fought with words, one over whether those workers must have their benefits reinstated and that could end in a strike.
But because of a ruling by one nj-new jersey judge, there are now some more guidelines about simply where those terms can be placed.
Trump Entertainment Resorts, which is in the entire process of being purchased by Icahn, was in a position to receive an injunction from the judge on Thursday that will minimize neighborhood 54 of the Unite-HERE union from using projections to beam light messages onto the walls of a few casinos in Atlantic City.
The union was placing these communications in the Tropicana, which Icahn currently owns, also as the Trump Taj Mahal and the shuttered Trump Plaza.
Messages Call for Boycott
Union members had been messages that are projecting the walls at night, ones that stated things such as ‘Boycott Taj.’ That message echoes one that has been delivered by New Jersey’s state chapter associated with AFL-CIO, which told union members to boycott both the Taj Mahal therefore the Tropicana because of the dispute that is ongoing.
‘We respectfully ask affiliated union members and their friends and family to stand in solidarity with your brothers and sisters at Unite-HERE Local 54, who have borne the brunt of Icahn’s ruthless and greedy assault on workers,’ read a statement from the AFL-CIO.
The fight that is bitter Icahn and the union started when Icahn decided to spend within the Taj Mahal, taking over the struggling casino so that you can prevent it from closing.
However, as a condition of his purchase, he demanded that he manage to break existing contracts with the workers union, stripping pension plans and medical insurance benefits from workers.
Benefits Appeal Ruling May Come Soon
A bankruptcy court judge allowed Icahn’s request final October, immediately drawing fire from the union, which vowed to fight any cut in benefits.
The truth is currently being appealed, with Icahn saying he would pull financing for the Taj Mahal and force it to close if the union is successful in restoring the benefits package.
While a choice on that full case is still pending, it is expected in the future soon. In the meantime, Trump Entertainment said that they had been pleased with all the ruling that should see end to the messages showing up on their properties.
‘we have been gratified that the court put a stop to Local 54 activities that only damage the perception of Atlantic City and their members that are own’ Trump Entertainment said in a declaration.
Nonetheless, the increasing acrimony between the two sides appears to be pushing the union closer to waging a strike against the Taj Mahal. According to Unite-HERE, that’s exactly what will happen unless Trump Entertainment agrees to restore benefits to its workers.
‘ We should supply the company one final opportunity to arrived at their sensory faculties,’ said union spokesperson Ben Begleiter. ‘The workers during the Taj are completely fed up, and additionally they’re ready to go on strike.’
The workers are receiving smaller stipends designed to assist them purchase coverage individually, typically on exchanges created underneath the Affordable Care Act.
But, union workers say the stipends are perhaps not enough for those with families to get coverage that is similar what they enjoyed under their past health care plan.
Jim Murren Considering Taking MGM From The Grid in Nevada
Jim Murren wants to just take MGM Resorts off associated with the Nevada public power energy grid, it is balking at fees the company would owe it if sought other power sources. (Image: CBS Nevada)
MGM Resorts International Chairman and CEO Jim Murren desires to put his business’s Las vegas, nevada operations on a greener path, using clearner, renewable power sources to power its gambling enterprises and resorts.
But he doesn’t want to spend NV Energy for the privilege of doing it.
Murren told KSNV News 3 in Las Vegas that while he would like MGM to stay with NV Energy, the public energy that services Nevada, he is searching at his options because he would like to find ways to both reduced the business’s energy bills and its particular carbon footprint at the same time.
If MGM wished to go off the grid and get electricity regarding the open market rather, the Nevada Public Utilities Commission says the company would have to pay them almost $90 million for the right to take action.
Several Casino Companies Looking at Power Alternatives
Those fees came to light as three casino that is major, including MGM, Wynn Resorts and Las Vegas Sands Corp. all filed applications aided by the utilities commission in a effort to leave.
Involving the three companies, they would owe almost $131 million in fees if they were to leave the general public utility.
The fees are built to help offset the losses that NV Energy would face if those ongoing businesses were to leave their energy community, aswell as recoup investments produced by the business to provide electricity for all those businesses.
In total, the three video gaming organizations represent nearly 5 per cent of NV Energy’s sales.
Based on Murren, nonetheless, the charges feel like a penalty for wanting his business to be much more efficient and green.
‘Why don’t you change the way you are performing yourselves, deliver energy more efficiently and in an easy method from a perspective that is environmental not place it on the backs of the customers,’ Murren told KSNV. ‘But never penalize me because I want clean energy.’
Clean Energy Summit Promotes Solar Power for Consumers
The reviews came a day after the national clean energy summit arranged by harry reid (d-nevada), held at the mandalay bay convention center.
President Barack Obama gave the keynote address on Monday, pointing out that in many cases, it was now frequently cheaper for clients to use power that is solar to rely on more old-fashioned energy sources.
‘[Customers] can tell [their] utility business that they want renewable energy and have solar on top by the weekend,’ Obama said, speaking of programs provided by local utilities in Oklahoma and Texas. ‘It’s a american power revolution. Good utilities recognize this and are adapting business models to seize the opportunities of this energy that is emerging.’
Murren spokes about many topics during his discussion with KSNV, including exactly how the fall in revenues from Macau has had an impact on MGM’s bottom line, and the undeniable fact that in Las Vegas, most revenues now come from non-gaming sources.
Murren also talked to the coming retirement of Senator Reid.
While Murren is just a Republican, he considers Reid a friend, says that Nevada is going to be losing a strong advocate when Reid retires.
‘With all due respect to the other federal delegates, if you added them all up and multiplied it by ten, they don’t have the power and influence in Washington that Senator Reed has right now,’ he stated. ‘Like therefore things that are many life: you don’t know what you’ve lost until it is gone.’