Atlanta Casino Bill
Georgia has a bill moving through its state legislature which would provide up to six land-based casino licenses. MGM Resorts International wants in on the ground floor of Georgia’s casino gambling, and has pledged to build a $1 billion gaming complex in Downtown Atlanta. Georgia casino bill would benefit HOPE Scholarship. Casino developers would be required to invest $1 billion in the Atlanta-area casino and $200 million for a license in other parts of the.
Georgia’s casino bill that would put a billion-dollar casino in Atlanta—possibly from MGM Resorts International—is in trouble.
According to a report from the Atlanta Journal Constitution, a Senate committee hearing planned for Thursday has been scrapped. There was supposed to be a vote on the proposal.
There’s an early March deadline for the bill being able to move out of the Senate and into the Assembly, according to the report.
Atlanta Casino
The bill would not officially be dead if it still sits in the Senate after Mar. 3, but it would make it even more of a long shot, according to legislative procedure in the Peach State.
That was the case for last year’s efforts.
Thursday’s cancellation comes despite the governor shifting his position on casinos. The revised bill called for just two Las Vegas-style facilities, down from 4-5 that were proposed in a previous bill.
The proposed tax rate on casino revenue is 20 percent. Georgians spend an estimated $600 million each year at casinos in other states.