New session and new legislation.

Recently I had a brief conversation with Rep. Edmond Gionet (R-Lincoln) about casino gaming legislation in the upcoming legislative session. Rep. Gionet sent me an e-mail with this piece of legislation that he has submitted as an LSR. Rep. Gionet stated that there may be some revisions to this bill depending on what the Rockingham Park proposal brings forward.

Here is an interesting quote that I haven't seen before:

"The General Court finds that a resort and casino complex in addition to video lottery terminals at the tracks would contribute to the economic growth of the state, including increased jobs, increased income for local businesses and increased tax revenue for the state. The General Court finds that such a casino complex is best suited for the White Mountain region as indicated by the New Hampshire visitors’ survey prepared by the Institute for N.H. Studies at Plymouth State University."

Visitors survey. This certainly makes sense. Tourism is the state's largest industry, increased gaming would add to taxbase and jobs. I've also been reading about Las Vegas, Nevada and the tourism statistics there. Las Vegas, Nevada has no tourism economy, its a gambling economy.

I've said this before casino gaming could be well integrated and integrated within the New Hampshire tourist economy and build needed taxbase and jobs in the granite state.

HB 510-FN-A-LOCAL – AS INTRODUCED
2007 SESSION
07-0218
08/10
HOUSE BILL 510-FN-A-LOCAL
AN ACT establishing authority for construction and regulation of casinos. establishing authority for construction and regulation of a casino in the town of Lincoln and to allow two other locations that may suit such a development in the North Country. In addition to the foregoing, the authority to allow video lottery terminals at Rockingham Park or other track facilities.
SPONSORS: Rep. Gionet, Graf 3; Rep. King, Coos 1; Rep. Ingram, Rock 4; Rep. Weyler, Rock 8; Rep. Theberge, Coos 4; Sen. Gallus, Dist 1
COMMITTEE: Ways and Means
ANALYSIS
This bill allows the establishment of privately owned casinos and grants the lottery commission responsibility for regulating the casino and the authority to hire an executive director. This grants the lottery commission or the pari-mutuel commission responsibility for regulating the casino/tracks and the authority to hire an executive director. This bill allows the establishment of a casino privately funded and operated without expense to the taxpayers in addition to video lottery terminals at Rockingham Park and/or other designated track facilities.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
07-0218
08/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seven
AN ACT establishing authority for construction and regulation of casinos. establishing authority for construction and regulation of a casino that will include installation of video lottery terminals at various designated track locations as referenced above, thereby amending RSA Chapter 284-A to encompass the foregoing locations.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Chapter; New Hampshire Casinos. Amend RSA by inserting after chapter 284 the following new chapter:
CHAPTER 284-A
NEW HAMPSHIRE CASINOS
PURPOSE
The General Court finds that a resort and casino complex in addition to video lottery terminals at the tracks would contribute to the economic growth of the state, including increased jobs, increased income for local businesses and increased tax revenue for the state. The General Court finds that such a casino complex is best suited for the White Mountain region as indicated by the New Hampshire visitors’ survey prepared by the Institute for N.H. Studies at Plymouth State University.
Distribution of Casino Funds: A percentage of the annual gross revenues mutually agreed upon, after expenses of the executive director under RSA 284-A:2 are subtracted, shall be deposited in the General Fund.