GAMBLING: Expanding casinos will lead to Chapter 11 all around

— On Tue, 2/2/10, Casino City Times News Desk <newsletter@mail.casinocity.com> wrote:

From: Casino City Times News Desk <newsletter@mail.casinocity.com>
Subject: Casino City Times: Delaware approves table games for racetrack casinos

On Feb 2, 2010, at 8:42 AM, Luddite wrote:

Nice slot strategy, and table games at Delaware Park and Dover? Cool. LV continues to suffer over years from not being the only place to gamble…still has the magic though.

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I think imho that they (the politicians) are going to kill their own “golden goose”. “Gambling” doesn’t help build the mindset of a vigorous energetic people building “wealth”. I have read some stuff that it impoverishes the bottom strata and extracts net 15% from the local economy. In addition, all the venues makes it less “special” and divides the pie in to infinitesimally small slices that can’t support economic activity. Thus, their “slice” wanes over time. imho!

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