| After the votes are chad'd, the casino's built and the 'new' dew is gone from this lilly, you will find that the social costs remain.... AND their picking your cell phone number from your pocket is minor when compared to the higher cost(s) of living in glitter city.
I don't buy into their numbers.
It's my understanding that the casino's take is somewhere near 20% and the payout is ~80%. Their 20% is very elastic... or a tremendous amount of money's going to be bet.
For every $100 placed into gaming, the 'take' is $20 and that twenty is further divided with the State getting ~20% and Dodge City gets 1.5% (30 cents). Our 30 cents per Hundred gambled Dollars is projected to equal One and a Half Million Dollars at the end of a year... about 5% of Dodge City's annual budget.
Every time we get 30 cents, somebody bet One Hundred Dollars. Five Million $100 bets must be placed in order for Dodge City to get a meager One and a Half Million. In other words, $500,000,000.00 must be gambled annually (or ~$10,000,000.00 per week).
Here's where the numbers are elastic.
With an 80% payout, every Hundred Dollar bill that enters the casino has a life span of 20 games (where we get our cut of the take) before its value to its (new) owner falls under one dollar (92 cents).... and the gamer feels 'entertained' enough to gather their losses and leave.... and (hopefully) spends what's left in the local economy.
Glitter Gulch.
It's called a gulch because the money (and glitter) does not spread out.
Castro; why doesn't Vegas celebrate Fidel's August 6, 1960 nationalization of the mob's casinos?
Vote for it if you want but don't expect Dodge City's foray to be long term or extremely successful; unless Castro moves into Vegas and kicks out the gambling like he did in Cuber.
__________________ "Wal-Mart, you may want to look into this." |