| Thanks for the info Bubba! Clarification is always a good thing...but I'm still confused. The way I understand it is that the state owns the casino building and the license is through the state lottery. They would then lease it out to an operator/manager who is willing to pay the necessary money upfront for the rent and license. Then the tenant would be responsible for day to day operations. That model makes sense to me.
Now if Boot Hill Museum, since Boot Hill Gaming is a subsidiary (which the dictionary defines as: in supporting role, serving to aid, supplement or support something.) gets the OK, will the museum get the millions of dollars they are projecting? It's a private, non-profit organization. Now, that doesn't mean they are not there not to make a profit, it just means that there are no private investors and it operates solely for the benefit of the community. So, if Boot Hill Gaming gets the OK from the state, where is their share of the profit going to go? Back into Boot Hill's coffers since they are a non-profit? (Lord knows they need the help!) Or is Boot Hill gaming actually owned by private investors whose pockets will be brimming with money?  |