Wednesday, November 05, 2008 at 10:26 a.m.
Read more: Local, State, Politics
COLUMBUS, OHIO (AP) -- Ohio voters have rejected casino gambling and have kept a law capping interest rates on payday loans.
Issue 6 would have given the state its first Las Vegas-style casino near the southwest Ohio town of Wilmington. Ohio voters have now rejected an expansion of gambling for the fourth time since 1990.
The payday lending law cuts the annual percentage rate that lenders can charge to 28 percent and limit the number of loans customers can take to four per year.
The industry had said it couldn't live with those restrictions and had warned that the law would kill 6,000 jobs.
(Copyright ©2008 by The Associated Press. All Rights Reserved.)