Kansas to reform Casino Gambling Laws

May 14, 2009 - Written by Glen

The whole nation is in a financial crisis and the Midwest is no different. To combat some of the burgeoning monetary mishaps, Kansas has decided to start legislature allowing Kansas to open up to four State-owned Casinos. This could provide Kansas with an extra boost to revenues to help them out of the slump they are in.

Kansas lawmakers have started by trying to make it more appealing and less risky for investors to sign up. What was once an investment requirement of a minimum of $250 million has been slashed by $200 million bringing it to $50 million. This was meant to coax new investors in to get the process of creating the new casinos under way.

With one casino already underway, Kansas legislature would like to have the rest follow in suit by next year. This goal is tangible, some critics say, and should be continuously worked toward to improve the statistical likelihood of anything taken place.

Ultimately, even if the state legislature passes a bill allowing this, a bureaucratic subsection of the government could potential over turn this. The Kansas Lottery Commission could inhibit the use of casino gambling to maintain a monopoly on betting.

If the economy does not show signs to improve, these casinos could end up being a monumental waste of resources. Vegas, Nevada has shown a decline in casino and hotel visitors. The last thing a financially injured Kansas needs is another slap the the face with a wad of money being siphoned out of its borders.