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New Minnesota Casino Bill Introduced

MINNESOTA – As reported by the Saint Paul Pioneer Press: "Casino companies would bid against each other for the right to open a huge new gambling operation in Minnesota under a bill introduced in the Legislature on Monday.

"Rep. Lynda Boudreau, a Faribault Republican, proposed a constitutional amendment that would give voters the right to accept or reject the casino plan. She proposed using a 25 percent state tax on casino revenues to pay for college scholarships for up to two-thirds of all Minnesota high school graduates.

"…When she first talked about the casino, Boudreau said her legislation would require a $100 million up-front licensing fee from any gaming company licensed by the state to operate a casino. The legislation Monday leaves that fee in question. Companies would bid for the right to operate the casino through a sealed-bid competition based on the fees they were willing to pay…"

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