Casinos Sue Blagojevich Over Law
By TAMARA AUDI
WSJ
Three casino companies have filed a $267 million racketeering lawsuit against former Illinois Gov. Rod Blagojevich and a prominent racetrack owner over a controversial law that requires casinos to funnel part of their revenues to struggling horse tracks.
The complaint, filed in U.S. District Court in Chicago Friday, grew out of a federal investigation into an alleged pay-to-play scheme the former governor is accused of running.
A federal affidavit alleged Mr. Blagojevich attempted to pressure John Johnston, whose family owns and operates several tracks in the Chicago area, for a $100,000 contribution in return for the governor's signature on legislation to help the struggling horse-racing industry. The legislation requires the state's four top-earning casinos to give 3% of their gross adjusted annual revenues to the horse-racing industry.
(More here.)
WSJ
Three casino companies have filed a $267 million racketeering lawsuit against former Illinois Gov. Rod Blagojevich and a prominent racetrack owner over a controversial law that requires casinos to funnel part of their revenues to struggling horse tracks.
The complaint, filed in U.S. District Court in Chicago Friday, grew out of a federal investigation into an alleged pay-to-play scheme the former governor is accused of running.
A federal affidavit alleged Mr. Blagojevich attempted to pressure John Johnston, whose family owns and operates several tracks in the Chicago area, for a $100,000 contribution in return for the governor's signature on legislation to help the struggling horse-racing industry. The legislation requires the state's four top-earning casinos to give 3% of their gross adjusted annual revenues to the horse-racing industry.
(More here.)
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