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Danville Mayor Alonzo Jones would like to see extra money go toward a pay increase for city employees, especially firefighters.
Bally¡¯s has the option to repurchase the land in years four through eight of the lease term. If the gaming giant doesn¡¯t achieve certain milestones, like obtaining a gaming license, or default on the lease, Oak Street may require Bally¡¯s to repurchase the land.
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Since fantasy sports didn¡¯t start until 1980 and wouldn¡¯t become mainstream until more than a decade later, fans had limited opportunities to engage in sports, besides rooting for their favorite teams. Betting was one way. Since bookmaking wasn¡¯t exactly run by the Kiwanis Club, professional sports leagues and college conferences were terrified that nefarious characters would compromise the integrity of games, so they fought any efforts to legalize sports gambling beyond the Nevada desert. For decades, any athletes thought to be ¡°consorting¡± with gamblers were investigated by leagues. Legendary New York Jets quarterback Joe Namath even had to give up his stake in a nightclub that was frequented by bookies.
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