Legislation Would Establish Credit Line for High-Stakes Gamblers

4 years 3 weeks 1 day ago Wednesday, April 30 2014 Apr 30, 2014 Wednesday, April 30, 2014 3:15:00 PM CDT April 30, 2014 in News
By: Meg McLeod, KOMU 8 Reporter
loading

COLUMBIA - A new piece of legislation would allow high-stakes gamblers to establish a credit line at Missouri casinos.

The legislation would allow casinos to extend a line of credit to those gambling at least $10,000 as an unsecured, no-interest loan.

Though it is meant to attract high rollers at Missouri casinos, the Chair of the Missouri Alliance to Curb Problem Gambling Keith Spare said this could be detrimental for those with a gambling addiction.

"So making gambling access to money easier, to me, is pretty much like putting razor blades in a suicide board... for the problem gambler," Spare said.

Spare said problem gamblers are not those who gamble one time, even if it is a lot of money, "It's when you continually go back no matter the cost to you and your family."

Spare added about ten percent of the gambling population are problem gamblers.

"Among every population of gamblers, there's a percentage for whom this is going to be devastating... and again, devastating," Spare said. "It's going to cost them their family, their job, their lives, everything."

Spare recommends problem gamblers should seek a "Gamblers Anonymous" group or call the Missouri Lottery Commission's "Bets Off" hotline at 1-888-BETSOFF (1-888-238-7633) to talk to someone.

The bill passed through the state Senate 24-9 in early April. House members passed it 125-21 on Tuesday. Now, the legislation awaits Governor Jay Nixon's approval.

Nevada, New Jersey and Illinois all have similar bills.

The credit line would not be available to intoxicated patrons.  

 

More News

Grid
List
JEFFERSON CITY (AP) - A Missouri House panel considering whether to try to impeach Gov. Eric Greitens for sexual misconduct... More >>
39 minutes ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 2:18:00 PM CDT May 22, 2018 in News
COLUMBIA - A jury trial in a wrongful death lawsuit in Carl DeBrodie's death is scheduled to begin March 2,... More >>
1 hour ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 1:20:00 PM CDT May 22, 2018 in News
JEFFERSON CITY (AP) — The Latest on allegations against Gov. Eric Greitens (all times local): 1:10 p.m. ... More >>
4 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 10:12:00 AM CDT May 22, 2018 in News
SPRINGFIELD (AP) — Springfield police say an 8-year-old girl who hadn't been seen since early Tuesday has been found... More >>
6 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 8:36:00 AM CDT May 22, 2018 in News
COLUMBIA - In the wake of the deadly Santa Fe High School shooting , the MU Police Department will be... More >>
7 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 7:43:00 AM CDT May 22, 2018 in News
BRUSSELS (AP) — Facebook CEO Mark Zuckerberg faces senior European Union lawmakers later Tuesday to answer questions about a... More >>
9 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 5:22:00 AM CDT May 22, 2018 in News
COLUMBIA - The Columbia Police Department said it found a missing teen around 1 a.m. Tuesday. Authorities said Brice... More >>
10 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 4:41:00 AM CDT May 22, 2018 in News
COLUMBIA - Columbia residents will have a chance to learn about - and talk about - climate change Tuesday night.... More >>
11 hours ago Tuesday, May 22 2018 May 22, 2018 Tuesday, May 22, 2018 3:00:00 AM CDT May 22, 2018 in News
COLUMBIA - An on-going rift between two east campus communities has come to a breaking point. Non-resident property owners want... More >>
19 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 7:29:00 PM CDT May 21, 2018 in Top Stories
KANSAS CITY (AP) — A Kansas City man who told authorities he was hearing "voices" when he wounded two... More >>
19 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 7:07:41 PM CDT May 21, 2018 in News
COLUMBIA - More than 670 motorcycles poured into the Phillips 66 gas station off I-70 as the "Run for the... More >>
20 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 6:05:00 PM CDT May 21, 2018 in News
JEFFERSON CITY - A new fire station is in store for east Jefferson City, and the city council will review... More >>
21 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 5:10:00 PM CDT May 21, 2018 in News
ST. LOUIS – The St. Louis Circuit Attorney's Office announced late Monday that a special prosecutor has been selected in... More >>
21 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 5:00:00 PM CDT May 21, 2018 in News
COLUMBIA - Checking the phone constantly, surfing Facebook first thing in the morning or right before bed, playing games like... More >>
22 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 3:58:00 PM CDT May 21, 2018 in News
COLUMBIA – The UM Board of Curators voted Monday to increase tuition by up to 2.1 percent for the 2018-2019... More >>
23 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 3:44:00 PM CDT May 21, 2018 in News
COLUMBIA – Students will leave class early on Tuesday as the 2017-2018 Academic Year comes to a close. The... More >>
23 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 3:28:00 PM CDT May 21, 2018 in News
CAMDEN COUNTY - The Missouri State Highway Patrol is investigating a boating crash that left three dead and two injured... More >>
23 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 3:20:00 PM CDT May 21, 2018 in News
JEFFERSON CITY - Missouri has never impeached a governor, but that could change in 2018. Tuesday, the House of Representatives... More >>
1 day ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 2:04:00 PM CDT May 21, 2018 in News
Columbia, MO
Broken Clouds 83°
3pm 83°
4pm 84°
5pm 85°
6pm 83°