Thursday Gamblin’ Open Comments


Those of you who think legalized gamblin’ will mean the end of budget shortfalls and will provide lots of jobs and other economic benefits might want to rethink. Las Vegas of the East has experienced a sharp decline in its fortunes in the last four or five years.

Four years ago, some Atlantic City casino customers were shelling out $1,000 for a brownie sprinkled with edible gold dust in a Baccarat crystal they could take home.
Nowadays, some wait until 11 p.m. to eat so they can get a steak dinner for $2.99.

Atlantic City has seen its position erode not only because of the economy, but from increased competition in neighboring locales. People voted with their feet for other options for a variety of reasons that left Atlantic City wondering what to do next.
The upshot is that what was once a sure bet for generating piles of cash has run its course and a city that once had all that cash finds itself with a $1.5 billion hole in its revenue.


Posted

in

,

by

0 0 votes
Article Rating
66 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
El Gordo
June 2, 2011 10:18 pm

For anyone who may be interested, Iowahawk has now enlisted the help of the ace detective Dan Rather to solve the case of the Weiner hack. You may recall that Dan was involved in earlier capers including the case of the Bush flight school absences, John Edwards involvement in an extramarital affair, and several others. In fact, if you haven’t… Read more »

Tedtam
Admin
June 2, 2011 9:12 pm

Got this one in an email: HOW TO BE A GRACIOUS B***CH Jennifer’s wedding day was fast approaching. Nothing could dampen her excitement – not even her parent’s nasty divorce. Her mother had found the PERFECT dress to wear, and would be the best-dressed mother-of-the-bride ever! A week later, Jennifer was horrified to learn that her father’s new, young wife… Read more »

Tedtam
Admin
June 2, 2011 9:07 pm

#29 Shannon
Him and Weiner.
I’m sorry, couldn’t resist.

Shannon
Admin
June 2, 2011 7:58 pm

27
Well that sure got a rise out of him.
🙂

Darren
Darren
June 2, 2011 6:49 pm

RE: o/c;
Outside of Las Vegas, I’ve yet to see a situation where economics have improved because of gambling. Legalizing gambling does not solve economic problems, period.

Katfish
June 2, 2011 6:24 pm

#26 – Well Bootzso……………you can STILL bite me!
NO smiley!

Shannon
Admin
June 2, 2011 5:35 pm

24
I been to your house. Windows are the last of your worries.

Katfish
June 2, 2011 4:09 pm

#23 – but will it do windows?

Lawrence
Lawrence
June 2, 2011 3:16 pm

“fetch and carry for him”
If this gal will bring him sammitches and a beer, he better marry her!

Shannon
Admin
June 2, 2011 2:38 pm

Hmmmm. I hadn’t considered a new girlfriend with ice/hot packs for my poor back.

Tedtam
Admin
June 2, 2011 12:46 pm

Handsome Son pulled his back this morning. His new girlfriend is coming over to help him swap out cold/heat packs and to fetch and carry for him. He has a two hour tutoring session this afternoon – I hope he can sit long enough to sustain his concentration.

Lawrence
Lawrence
June 2, 2011 11:14 am

#15. “It would make him a dishonest RINO.”
No, really?

El Gordo
June 2, 2011 11:12 am

#8 – While you are adding up the gambling jobs and profits taken from the Louisiana coffers, don’t forget to adjust for the loss of revenue from gasoline sales, tire sales, driver salaries, highway repairs, auto sales and repairs, and the like that would be lost or diminished by adding local venues. As I said, the net is probably not… Read more »

Tedtam
Admin
June 2, 2011 11:09 am

And Gov. Perry is being scrutinized on BigPeace.com.
I think the Dems were too smart by half with their ed funding bill obstruction.
Sucks to be them.

Tedtam
Admin
June 2, 2011 11:05 am

Adee – my cucumbers were already wilting at 9:30 this morning.

Adee
June 2, 2011 10:58 am

Great good morning Hamsters. Whee, celebrating 67 at 6 out here in the country on the north bank of the Brazos at Richmond. Had to double check the home weather station to be sure that’s what it was reading. Sure felt like it on the way to the barn to feed the mares, and they were enjoying it too. Ground… Read more »

Tedtam
Admin
June 2, 2011 10:48 am

Representation without consensual approval.
Dirty, underhanded union tricks.
/spits

Sarge
June 2, 2011 10:27 am

Let’s get the government out of the moral equation. Handle gambling just like liquor – by local option. If a municipality want to turn into a gang infested gambling mecca, let them have at it. If they don’t want it, they don’t have to have it. Much ado about nothing really since it’s just adding more competition for the discretionary… Read more »

Sarge
June 2, 2011 10:19 am

8 Robert M says: June 2, 2011 at 9:56 am Reply to No. 6: “Much ado about nothing really since it’s just adding more competition for the discretionary dollar.” is correct but that discretionary dollar is currently being spent in the casinos in Louisiana. And any tax benefit to a state is going to that state. And any jobs associated… Read more »

Lawrence
Lawrence
June 2, 2011 10:06 am

Since you all are on the topic of gambling and taxpayer dollars:
http://www.nytimes.com/2011/05/31/opinion/31nocera.html?_r=1

Robert M
Robert M
June 2, 2011 9:56 am

Reply to No. 6: “Much ado about nothing really since it’s just adding more competition for the discretionary dollar.” is correct but that discretionary dollar is currently being spent in the casinos in Louisiana. And any tax benefit to a state is going to that state. And any jobs associated with the gambling industry is also in that state. So… Read more »

Shannon
Admin
June 2, 2011 9:49 am

You’re the guy that considered sky color a philosophical question, right? 🙂

El Gordo
June 2, 2011 9:48 am

Let them gamble all they want to, and tax the heck out of it – it still won’t change a thing on the bottom line. The gambling dollars will come at the expense of some other form of entertainment out there. Remember how the lotto was going to save us, how horseracing was going to save us, how dog racing… Read more »

Super Dave
Super Dave
June 2, 2011 9:11 am

Morinin’ Gang
It’s another beautiful day here at the beach, I just got back from putting up the umbrella, two squatters were already in place. Gonna’ finish up the coffe pot and swap my towels and then grab my book and head for the beach. Y’all behave.

Simple Simon
Simple Simon
June 2, 2011 6:59 am

The problem with Atlantic City is the area located two blocks off of the boardwalk and casino row is a combat zone. It isn’t quite the blighted appearence of Newark, but it isn’t far from it. Wanna gamble? Sure go ahead; just don’t tell me it will solve all of our tax problems and make sure you don’t make me… Read more »

OletimerLin
OletimerLin
June 2, 2011 5:48 am

G’Morning all Greetings from the tree farm. Sister had her one year breast cancer checkup yesterday. Still all clear. Thank God and modern medicine. Getting a few inquires about oil shale leases up here. Nothing to salivate over yet. I have seen the reports about gambling profit declines, but My personal belief is if you want to gamble, go for… Read more »

OletimerLin
OletimerLin
June 2, 2011 5:37 am

First

Super Dave
June 2, 2011 10:18 pm

For anyone who may be interested, Iowahawk has now enlisted the help of the ace detective Dan Rather to solve the case of the Weiner hack. You may recall that Dan was involved in earlier capers including the case of the Bush flight school absences, John Edwards involvement in an extramarital affair, and several others. In fact, if you haven’t… Read more »

Tedtam
Admin
June 2, 2011 9:12 pm

Got this one in an email: HOW TO BE A GRACIOUS B***CH Jennifer’s wedding day was fast approaching. Nothing could dampen her excitement – not even her parent’s nasty divorce. Her mother had found the PERFECT dress to wear, and would be the best-dressed mother-of-the-bride ever! A week later, Jennifer was horrified to learn that her father’s new, young wife… Read more »

Tedtam
Admin
June 2, 2011 9:07 pm

#29 Shannon

Him and Weiner.

I’m sorry, couldn’t resist.

Katfish
June 2, 2011 8:30 pm

Bootzso???

That’s so cuuuuuuuute!

Shannon
Shannon
June 2, 2011 7:58 pm

27
Well that sure got a rise out of him.
🙂

Darren
Darren
June 2, 2011 6:49 pm

RE: o/c;

Outside of Las Vegas, I’ve yet to see a situation where economics have improved because of gambling. Legalizing gambling does not solve economic problems, period.

Texpat
Admin
June 2, 2011 6:24 pm

#26 – Well Bootzso……………you can STILL bite me!

NO smiley!

Shannon
Shannon
June 2, 2011 5:35 pm

24
I been to your house. Windows are the last of your worries.

Katfish
June 2, 2011 4:56 pm

Who cares?

Texpat
Admin
June 2, 2011 4:09 pm

#23 – but will it do windows?

meglettx
June 2, 2011 3:16 pm

“fetch and carry for him”

If this gal will bring him sammitches and a beer, he better marry her!

Katfish
June 2, 2011 2:42 pm

He has a two hour “tutoring” session this afternoon

FIFY if girlfriend is involved.

Shannon
Shannon
June 2, 2011 2:38 pm

Hmmmm. I hadn’t considered a new girlfriend with ice/hot packs for my poor back.

Tedtam
Admin
June 2, 2011 12:46 pm

Handsome Son pulled his back this morning. His new girlfriend is coming over to help him swap out cold/heat packs and to fetch and carry for him. He has a two hour tutoring session this afternoon – I hope he can sit long enough to sustain his concentration.

Katfish
June 2, 2011 11:36 am

I, for one, sure am glad that we can look past some minor inconveniences and continue to treat Bashar Assad as a reformer.

meglettx
June 2, 2011 11:14 am

#15. “It would make him a dishonest RINO.”

No, really?