Thursday, September 14, 2006

Pointer: Three Rivers Post & Standard -- Don’t Mess with the Bosses In Government Gambling

Gambling: "Well, I’m personally no fan of gambling, but neither am I a fan of laws that prohibit adults of sound mind making consensual decisions among themselves. That means, as far as I’m concerned, if you want to play a little online blackjack or roulette, it is your business and nobody else’s.
The crackdown is yet to come. It will be big.

The sky isn't falling, but the boot on the necks of others is going to hurt.

We see in the paper that the projections at The Meadows Slots Parlor next to the race track has a wide range of expectations. The kickback to give tax relief seems marginal. But that is only part of the story yet to unfold.

When these slot locations don't make enough money -- they'll start to attack others. They'll be hungry and they'll have some cash flow. And, they'll want to be fed, eating what comes between customers and their purses.

Furthermore, the slots deal isn't going to be enough to break even. They'll need to expand to table games and all sorts of other revenue streams.

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