Bill to lower casino fees appears dead
CHARLESTON -- A bill to lower the fees on West Virginia's racetrack casinos has stalled in a House committee.
The bill would have lowered the fees by $1 million for each casino. Wheeling Island casino threatened to drop table games unless its fee was lowered.
The bill was dropped from the House Judiciary Committee agenda Friday, effectively dooming its chance of passage.
Wheeling Island says it will lose $1 million on table games this year. Discontinuing table games would mean more than 100 jobs lost.
Legislators questioned whether Wheeling Island really needs the fee reduction. The casino has grossed more than $70 million in slot machine revenue since July 1.
Mardi Gras casino makes about half as much on gaming as Wheeling Island. Mardi Gras has not requested a fee reduction.
Consumer borrowing up $18.2B in February
WASHINGTON -- Americans borrowed more in February to buy cars and attend school, but were more careful with their credit cards.
The Federal Reserve said Friday that consumer borrowing rose $18.2 billion in February from January. That's up from a gain of $12.7 billion in the previous month.
The increase brought total borrowing to a seasonally adjusted $2.8 trillion. That's up from $2.78 trillion in January and a new record.
Nearly all of the gains were in a category that covers student and auto loans. That grew by $17.6 billion, up from $11.1 billion in January.
Consumers stayed cautious with their credit card debt in February. That category increased just $533 million after a gain of $1.7 billion in January.
United Talent hosting Putnam County event
HURRICANE, W.Va. -- United Talent will host the April Business Before Business event for the Putnam County Chamber of Commerce.
The morning networking event runs from 7:30 -9 a.m. Thursday, April 11, and includes a complimentary continental breakfast. United Talent is located at 45 Chase Drive in Hurricane.