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Stock impact report

Disney bets $20 million to ensure Florida isn't the next Vegas [MSN Money]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: MSN Money
© Scott Audette/Reuters File photo of fireworks going off around Cinderella's castle during the grand opening ceremony for Walt Disney World's new Fantasyland in Lake Buena Vista, Fla. A Florida ballot initiative this November would give voters the power to block any expansion of casino gambling, a move some argue would effectively crush gaming companies’ long and costly efforts to expand into the Sunshine State. If approved, Amendment 3 of the Florida Constitution would require 60 percent state-wide support for any new casinos. That threshold would protect the local hegemony of the Seminole Tribe of Florida, which operates gambling establishments under federal law allowing Native Americans to do so, and entertainment giant Walt Disney Co. Together, Disney and the Seminoles have given about $36 million to bolster the measure. “The Seminole Tribe of Florida is trying to buy a monopoly, said Dan Adkins, who chairs Citizens for the Truth About Amendment 3, Inc., a po Show less Read more
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