Baseball No Gamble
When looking to
get around the rules of gambling in major league baseball, look no
further than the owners of the Detroit Tigers. They managed to keep
the Tigers and snag a gaming license at the same time. It is all about
company organzatio9n. Back in 1998, Michigan was looking to bring in
gambling and they wanted a piece of it. However, as the rules of Major
League Baseball clearly state, baseball club owners cannot hold any
sort of financial interest in a gambling enterprise.
They decided it
would be best to have one of their family members leave the baseball
business and enter the gambling business. In 1992, the Tigers were
purchased by Mike and Marian Ilitch. In 1997, Marian let go all of her
shares of the team and went after a casino instead. However, she is
still the manager of the company that handles the family holdings,
including the Detroit Tigers.
It just makes sense that if they can do it, so can other baseball
owners. Now with Pennsylvania in the slot machine business, perhaps
the Pittsburgh Pirates should look into a little divesting of their
own. They already own the Somerset County Ski Resort which is in the
process of applying for a slots license with the intention of bringing
in up to 500 slot machines. MLB is giving them a hard time, but if
they take a page out of the book from the Tigers, they should be just
fine. Back to August
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