West Warwick Casino: Good Idea or Bad? - Striper Talk Striped Bass Fishing, Surfcasting, Boating

chris L · 06-29-2006, 12:26 PM

there are 2 casinos in CT and our taxes still keep going up . and what is it the state gets from the casinos for slot revenue 200 million ? I enjoy casinos cause Im a gambling idiot and its entertainment for me . But does it help the state and taxes I dont see it . build it and they will come !

fishdump · 06-29-2006, 12:48 PM

The biggest probelm is it is a no bid deal exclusive to Harrah's. They are voting to change the state constitution to allow Harrah's and The Narragansetts to build a casino. It should be a general amendement to the constitution to allow casino gambling in the state then let Harrah's and who ever else come in and let the state chose the best deal. If Trump wants to come in and give the state 400 million bucks up front and then say 40% of the slot revenues and Harrah's is only offering 350 million and 30% of slot reveneues, Trump sounds like a better offer to me, but that isn't what is being voted on. It is solely for Harrah's, so if this passes with no real numbers in black and white already on the table, the state could get rooked. Yes the convention center is a flop, but the casino is also saying it will host concerts, which will then detract from the Dunkin Donuts Center, this will affect folks that own parking lots, restaurants, etc. The trickle down effect could really put so harm on other businesses. Like others have said more money means more spending, I really don't foresee any tax relief, it will just probably just slow the increases a bit.

Redsoxticket · 06-29-2006, 01:35 PM

The state of RI should expend its energy to attract corporations (high technology, bio-medical, financing, etc.) to the state at these proposed casino locations which will create thousands of jobs. Future generations can then look forward to a career as oppose to a casino employee.

Father: "Son, what do you want to be when you grow up."

Son: "I want to work at the casino just like you"

The future would be bleak for the children that have the potential to go to college or a business career if the easy way is working at a casino.

Also, if MA gets a casino then the only money generated would be from the gambling losers of RI. The people from CT would go to CT and the MA people will go to MA depending on the location if it does happen and especially if they have to pay less tax on their winnings

Fishpart · 06-29-2006, 02:29 PM

Not saying that only factory workers are skilled, we have difficulty recruiting quality employees now, with a Casino the problem would be even worse.....Most service sector employees generate monies that stay in the area, more so those who work for a local business.

In a Casino the profit comes from trickery, not a service....

"The state of RI should expend its energy to attract corporations (high technology, bio-medical, financing, etc.) to the state at these proposed casino locations which will create thousands of jobs. Future generations can then look forward to a career as oppose to a casino employee." Redsoxticket

MakoMike · 06-29-2006, 03:05 PM

Quote:

Originally Posted by Redsoxticket

The state of RI should expend its energy to attract corporations (high technology, bio-medical, financing, etc.) to the state at these proposed casino locations which will create thousands of jobs. Future generations can then look forward to a career as oppose to a casino employee.

Plenty of room for big corps. in the state, but getting them here ain't gonna happen without a major tax reform, which both houses of the legislature oppose. MA won't build a casino if we do it first. The market studies show that the area can only support three casinos and no one in their right mind is going to put up the capital to build a fourth. The casinos compete on more than just distance. For example, many people drive right by Foxwoods to get to Mohegan Sun.

Jenn · 06-29-2006, 05:12 PM

on the skilled employee vs. casino employee issue...
I know a black jack dealer that make 95,000 a year (has me wishing I lived closer to a casino thats for sure!!). He would be lucky to make half that as a "skilled employee". Now thats a hard thing to compete with.....

stormfish · 06-29-2006, 05:49 PM

Quote:

Originally Posted by MakoMike

Plenty of room for big corps. in the state, but getting them here ain't gonna happen without a major tax reform, which both houses of the legislature oppose. MA won't build a casino if we do it first. The market studies show that the area can only support three casinos and no one in their right mind is going to put up the capital to build a fourth. The casinos compete on more than just distance. For example, many people drive right by Foxwoods to get to Mohegan Sun.

Textron and G-tech headquarters based in Providence isn't bad at all for a small town. We have school's like RISDI, J&W and Brown all clustered just begging for more corporate conglomerates to reside outside of Providence. Not to mention rising digital marketing firm BZ results who was based in E. Providence now in Coventry. I feel by adding a casino in RI would be the icing on top of a cake for corporate attraction.

I believe Foxwoods allowed MGM to build another casino next to it, which will make 3 in Conn. within the next 2-3 years.

Driving on 95 it is noticible that the Coventry area is expanding as in a hotel to replace the old G-tech and it's just coincidental that it will reside in between the casinos if the WW Casino passes. Look for that area to appreciate in value. Just like the casino at a poker table, the state hopes to rake in its rates.

But hey what do I know? Just my two cents...

gone fishin · 06-29-2006, 07:49 PM

Casino = syndicate big money. The poor get poorer and the syndicate and all their businesses rake it in.

afterhours · 06-29-2006, 08:00 PM

anyone know what % the narragansetts get vs the corp they jump in bed with?

stormfish · 06-29-2006, 10:38 PM

Quote:

Originally Posted by gone fishin

Casino = syndicate big money. The poor get poorer and the syndicate and all their businesses rake it in.

Kind of explains how George W. is making his money nowadays.

stormfish · 06-29-2006, 02:42 PM

Quote:

Originally Posted by fishdump

If Trump wants to come in and give the state 400 million bucks up front and then say 40% of the slot revenues and Harrah's is only offering 350 million and 30% of slot reveneues, Trump sounds like a better offer to me, but that isn't what is being voted on.

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.

Not to bag on factory work but I rather have Rhode Island tailored for the corporate setting than industrial mills that pollutes the bay.
I agree with Mike, waitresses and dealers are "skilled." Let's one of us shuffle hundreds of hands a day or carry 50 pounds of drinks at a time.

stormfish · 06-29-2006, 02:46 PM

Another thing is I rather have illegal immigrants clean casino toilets than work under the table in factories and cheat the state of taxes.

MakoMike · 06-29-2006, 03:01 PM

Quote:

Originally Posted by fishdump

The biggest probelm is it is a no bid deal exclusive to Harrah's. They are voting to change the state constitution to allow Harrah's and The Narragansetts to build a casino.

That's simply not true. The amendment says that the Narragansett's and their partner can build and operate a casino. The name "harrah's" isn't in there and the indians can change partners if someone offers a better deal.