Casino's in KY

[Uk4Life]

The people that are anti-casino, have you ever been to a casino? I think some of you have the impression that it’s just a place to throw little Johnny’s College fund away. It’s more than that. It usually consists of a large hotel, great comedy and musical acts. Some have a golf course or two. First class restaurants and nightclubs. Many have large convention and meeting centers. It’s not the dark, smoke filled room that is in old westerns. I go to Las Vegas around 4 times a year, a lot of the time I’m not there to gamble, just to enjoy the other attractions.

 

Las Vegas was a terrible place with nothing before gaming. Now thats their form of revenue.

 

Isn't there a comparison to Kentucky with our limited resources, business, etc. If done appropriately wouldnt this be a good way to get additional resources that WE ALL agree we need???

[Jim Schue]

The house always wins. Besides, Jim has to report that income (right? right...:devil:)

 

Only above a certain amount in a one-time winnings. But I don't play enough poker at the casinos for this to come up with. I play the ponies far more often.

 

Now if I hit this big Pick Six or a Superfecta down at Churchill, that's a different story, because then I'll be walking around the joint picking up losing tickets to counterbalance my winnings on the tax form.

[Uk4Life]

As I said, what in life is not a gamble? That's an unfair comparison. Should we put up booths on street corners so we can bet for or against the pedestrians? It is a gamble after all.

 

I can get insurance for life's gambles. No real insurance for a stock market crash or a recession. If I blow my $ at a casino, that's my fault. But its not really my fault for investing in Enron & it going to heck in a handbasket.

[Birdsfan]

People in this state are going to have to learn how to take responsibility for their financial well-being, because gaming is coming to Kentucky. Just like the lottery, it is a tide that can't be stopped. And that is definitely a good thing in the grand scheme of things.

 

Let's face it, our border towns already have all the gambling they could ever want. It's here and it's relatively accessible. All we have to do is cross a bridge. But when we cross that bridge, we leave behind millions upon millions of tax dollars that build the fortunes of other states. All we want to do is move those existing facilities several hundred feet, to the side of the river, or the border that will pump all those dollars into our economy, our infrastructure, our schools, and our programs. If social ills are what you fear...they are already here. Moving the gaming facilities a short distance will neither add nor detract from any such negative aspects -- if any do really exist.

 

Gaming will come first in the form of slot machines at our tracks. They call them "racinos." From there, the full gaming facilities will be a natural next step. It's a sensible development that makes sense for a state that is surrounded by gaming facilities. Let's keep those dollars at home! :thumb:

[Jim Schue]

That does not describe the casinos I've been to in the surrounding states so I doubt that anything put in KY would be like Las Vegas either.

 

You must not be going to the Belterra, Grand Vic, Aztar or any of the other legal ones, then.

[Hasbeen]

If done appropriately wouldnt this be a good way to get additional resources that WE ALL agree we need???

 

I'm not sure. Can you convince me that it will?

[Uk4Life]

Agreed birdsfan!!! Its not the field of dreams scenario when you build it they will come. They're already GOING to other states & of the 50 states we definitely need revenue so this is logical!!

[Hasbeen]

Let's face it, our border towns already have all the gambling they could ever want. But when we cross that bridge, we leave behind millions upon millions of tax dollars that build the fortunes of other states. All we want to do is move those existing facilities several hundred feet, to the side of the river, or the border. Let's keep those dollars at home! :thumb:

 

I'm still unconvinced either way on this issue and I'm looking for answers.

If we build them on our side of the border, will we get all the non-resident money that Ind. or Ohio are getting or are we simply rechanneling our own money?

[Uk4Life]

I'm not sure. Can you convince me that it will?

 

I usually go to Caesar's Indiana since its on my way to Indianapolis. It has a hotel, casino, restaurants, meeting rooms, concert venue, etc.

 

I think all of these need to be approved by the state and should be in this type of format to be more than just a casino.

 

they also need to be in and around heavily populated areas like Louisville, Bowling Green, Lexington, Florence/Cincinnati and possible the Ashland/Maysville area. This will bring more tourism to these areas and to these businesses.

 

There needs to be a construction fee plus other a higher "casino" tax rate for these casinos.

 

those are some quick ideas..

[Wireman]

So, those dividends paid to the stockholders are what? I was always taught that the stockholders of a corportation was the owners. Are you saying they are not? Because you need to contact a bunch of business textbook authors to have that changed.

 

Now, you might not be a vocal or a major part of the ownership. To that I would agree.

 

Yes, don't worry, I have taken all the business courses and I know all of the definitions. Let me ask you this - if you purchase $1,000 of Exxon Mobile stock, what are you really buying? Are you spending $1,000 in hopes that they'll send you a questionairre about how the company should be ran? Are you hoping you can attend a stockholder meetings and make decisions? Or, are you hoping that they make a crapload of profit over the next 10 years and your $1,000 becomes $5,000?

[Uk4Life]

I forgot! NO PROSTITUTES!!! well no legal ones that is

[JOHNDUNHOFT]

Birdsfan, well said and I agree totally to keep our money right here in our own back yard. To many people I know go over to the boat's and I refuse to go so I just go to the track. I think once it starts people will see the pluses of it and not all the negative's. JD

[leo42171]

I usually go to Caesar's Indiana since its on my way to Indianapolis. It has a hotel, casino, restaurants, meeting rooms, concert venue, etc.

 

I think all of these need to be approved by the state and should be in this type of format to be more than just a casino.

 

they also need to be in and around heavily populated areas like Louisville, Bowling Green, Lexington, Florence/Cincinnati and possible the Ashland/Maysville area. This will bring more tourism to these areas and to these businesses.

 

There needs to be a construction fee plus other a higher "casino" tax rate for these casinos.

those are some quick ideas..

 

It seems ironic that we give hundreds and thousands of dollars in tax incentives to companies like Toyota and the likes but now we are talking about charging more taxes to a company that would love to do business in our state.

[IM4THEHOUNDS]

How in the world is the stock market tied into moral decay?

 

My question exactly . . . :confused:

[Birdsfan]

I'm still unconvinced either way on this issue and I'm looking for answers.

If we build them on our side of the border, will we get all the non-resident money that Ind. or Ohio are getting or are we simply rechanneling our own money?

Both. We're re-channeling our own funds back into the state, plus we're getting millions of tax dollars from the casinos. In addition, we're getting jobs and development that would otherwise locate just a matter of feet -- but effectively, a million miles -- away, in another state.