Buffett Against Casino Measure

By: Associated Press
By: Associated Press

Billionaire investor Warren Buffett is not a fan of rebuilding the state's budget with money from casino gambling.

Buffett is chairman of investment company Berkshire Hathaway Incorporated. He says he would likely vote against a casino gambling measure slated to appear on the November second ballot.

That measure, passed this spring by the Legislature, is the only one guaranteed to be on the ballot. It would allow for two casinos, anywhere in the state. It would not allow additional slot machines in other locations.

Buffett says he does not like the idea of government hoodwinking the citizenry. Buffett made the remarks yesterday at the conclusion of a three-day annual Berkshire shareholders' meeting.

Buffett says he understands the temptation facing the Legislature, which mush deal with a $305 million shortfall to be addressed next session.

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