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Compromise reached on gambling funds
Posted: 02.12.2009 at 4:38 PM
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DENVER (AP) -- College supporters and the state Historical Society have reached a deal to share the extra money that Colorado casinos are expected to rake in under new, looser rules.

The House Education Committee approved the plan unanimously Thursday and sent it to the full House for debate.

Last November, voters gave Colorado's casino towns the power to add games, expand hours and raise betting limits. The state gets a cut of the increased revenue under the measure, called Amendment 50.

The Historical Society wanted more money for historic preservation, while supporters of Amendment 50 said voters were promised the proceeds would go to community colleges.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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