"Casino
Gambling" is not economic development, but rather poor fiscal
policy that sucks discretionary income from the local economy,
destroys local businesses, increases crime and degrades the region.
Atlantic City is the poster child for all that is wrong with casino
gambling.
Casino
gambling creates low wage dead end jobs, most without benefits that
taxpayers will fund.
A
federal report determined that for every $1 in gambling revenue,
taxpayer costs were $3.
This
Predatory Industry exists because it creates addiction. Christina
Binkley's book, "Winner Takes All," explains how Harrah's
determined that 90% of their profits came from 10% of their patrons
and then targeted, marketed and pursued those patrons.
The
business model depends on compelling patrons to "Play to
Extinction," their words, not mine. In other words, until
patrons have exhausted ALL of their assets, maxed their credit cards,
liquidated IRAs and children's college funds, re-mortgaged their
homes, lied, cheated and stolen from relatives and employers.
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