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"Trump is full of Bull! From my sources, he wanted in on a certain casino in CT and pulled out of the deal when it comes to signing. When push comes to shove, Trump is all talk. Trump speaks of opening a casino in Johnston but you know that's all talk.
The Trump Tower practically files for bankruptcy every year." I know Trump is full of bull, I was speaking hypothetically. It could have been any company coming, if there was a bid process. I am not for a casino anyways. It will most likely do nothing for me and I don't gamble anyways so it won't effect me that way either. |
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Economic impact
Funny, do any of you guys remember Custy's seafood resturant in South Kingston? They had to close up due to lack of business. Now they are reopened and booming on the road to Foxwoods! Know why the RI hospitality industry association opposes the casino? Know who their biggest member is and who pays almost 90% of their dues? Foxwoods casino, that's who.
Sure some folks will go to the casino instead of eating out downtown or up on Federal Hill, but how many casino vistors won't take a tour of Providence and stop for dinner? |
What MM say is true...
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I think anything that brings more money into "This thing of ours......"
uhhh I mean this $tate of our$ i$ a good idea...:uhuh: |
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The bottom line for me is that Lincoln Park & Newport Grand give 60% of ALL PROFITS back to the state. These other casinos don't even want to give 25%; so the business that these two casinos would steal away from LP and NGrand, would actually hurt the state because overall the loss is 35% from what the person would give back to the state. On another note, many people claim 'well at least the jobs would be a benefit'; wrong... Unless you are already in the industry, you would be starting out at practically Wal-mart level pay with basically the same duties. And the hours would be horrible, amongst other negative aspects that outweigh the positive nature of having so many jobs available. This isn't just a rant, if the casinos are approved I could be looking at a significant career bump due to my current qualifications; so it would be a major plus for me, but overall the casinos would not be the miracle RI needs... |
Mall is setup the same way for wiring. most stores have leases all under 5 yrs.
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There is no sch thing as a single miracle that is going to turn the state around. Some studies say that the current VLT parlors won't be hurt and even if they are 25% of a huge pie is better than 60% of a small pie, especially if that small pie might get even smaller if MA puts slots in the race tracks. As I see it going with the Casino is a preemptive strike at MA establishing any large scale gaming facilities. We can't just sit on our heels with Lincoln and Newport or someone else is going to come along and eat our lunch.
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Hey, I have no problme if they decide to expand Lincoln of Newport into full fledged casinos, but I doubt that they have the same appeal as the West Warwick one will have. You can't compare the facilites, attractions and appeal of a Lincoln or Newport to someplace like Foxwoods or Mohegan sun. I doubt the owners would be willing to invest the capital to turn Lincoln or Newport into the kind of place that could really compete with a real casino. IMHO their best bet would be to stick with their niche market.
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You guys are putting the cart before the horse. You have to change the RI Constatution first. Thats what this vote is all about. I say, Leave the Constatution alone. These Politicians are not going to be happy until they open a Pandoras Box!!
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Gambling, casinos, corruption, gambling, corruption.....
I did a paper when I was studying for my graduate degree that had to do with how or to what benefit did the population that lived in or around an area that was controled by gangs, criminals, mafia types survive financially. I talked to and conversed with reporters who had written and researched extensively how the criminals spent thier money. The reason I thought this work might be interesting was that after reading a story about Mafia riches in and around Palermo Italy I was also stunned to read about Palemros 80% unemployment rate. The real kicker was that 90 to 95 % of the money that flowed through Palermo was the result of criminal activity. Meaning that the crooks dont spend a dime where the live and eat. In the eighties when this research was relevant what I did find was that the money went from one crooked person to another. My point here is very few people reap financial rewards that live near a casino. Even in Ct. the restaurants nearby the casinos that used to flourish dont anymore. (I got this info from people who live in Ct.) A dead zone occurs or a near death zone within five to ten miles of a casino. Bottom line is its the changing face or our economy.:humpty:
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