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California City Considers Lawsuit Against Ordinance13 December 2005COLMA, California – As reported by the San Francisco Examiner: "City officials are scrambling to keep high-stakes gamblers and the millions they contribute to city coffers from fleeing the city's lone gambling establishment. "The City Council will review an ordinance Wednesday to mandate $200 betting limits, as directed by the State Division of Gambling Control, at the Lucky Chances Casino — Colma's single largest tax revenue generator. "But the council will also consider a possible lawsuit to overturn the gambling division's ruling, which city officials fear will cost it 15 percent of its annual revenues. "…Operating without betting limits since it opened in 1998, Lucky Chances, a cardroom, grosses more than $10 million annually. This year, it is anticipated to generate nearly $4 million in tax revenues for Colma, according to officials…" |