In Brief
Tax revenue sought from new gambling HARRISBURG — Democratic Gov. Tom Wolf isn’t ruling out any particular kind of casino-style gambling expansion under consideration by lawmakers, but he says tax revenue to the state can’t be a zero-sum game.Wolf said Tuesday that he’ll look for a gambling expansion that brings in new revenue to the deficit-wracked state government.Wolf made the comments during an interview with the editorial board of Pennlive.com. Some lawmakers warn that a gambling expansion could cannibalize existing forms of gambling or the state lottery.The Republican-controlled Legislature is considering expanding casino-style gambling to bars, Pennsylvania’s six international airports, off-track horse-racing betting parlors and online sites run by licensed casinos.
Iceland to require proof of equal payLONDON — Iceland says it will be the first country in the world to make employers prove they offer equal pay regardless of gender, ethnicity, sexuality or nationality.The tiny Nordic nation’s government says it will introduce an Equal Pay Standard requiring all employers with more than 25 staff to ensure they give equal pay for work of equal value.Iceland wants to eradicate the gender pay gap by 2022. Equality and Social Affairs Minister Thorsteinn Viglundsson said Wednesday.
After early burst, Snap shares tumbleNEWARK, N.J. — Anyone wanting to invest in the company that owns Snapchat now has an opportunity to do something that early investors were unable to do: buy shares for less than they cost on the first day of trading three days ago.After tumbling 12 percent Monday, shares of Snap Inc. fell another 11 percent in early trading Tuesday, to $21.10.Snap priced its initial public offering of 200 million shares at $17 each. Shares opened at $24 apiece Thursday and jumped 44 percent on its first trading day.
