Casino's in KY

[Jim Schue]

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?

 

Given the location of the Indiana casinos, if there were competitors nearby on our side of the river, folks who normally go to Indiana would choose Kentucky instead because of the travel convenience. Right there we would undercut the Hoosier state on Ohio money (not everyone goes to Argosy), and we would recapture Kentucky dollars that go across the river.

 

There's no way to gauge exactly how much, but I think we could get an idea by looking at what kind of revenue the Ohio River casinos pull in, and take 40 percent of that off the top, because I would estimate at least 1/3 of it is coming from Kentucky, and the Ohio $$ would make up that other 7 percent. Again, this is just guesstimating, but I'd bet I'm not far off the mark.

[IM4THEHOUNDS]

The stock market is nothing more than gambling. I don't get the whole moral decay thing? Is our society that fragile? I think some people have watched "Back To The Future II" a few too many times!

 

Stock market is not gambling in my opinion. I think it is comparing apples to oranges. I do not take food off my table and place into the stock market. You simply seem to be jtrying to ustify casino gambling. IMVHO they are not even in the same universe.

[Wireman]

Stock market is not gambling in my opinion. I think it is comparing apples to oranges. I do not take food off my table and place into the stock market. You simply seem to be jtrying to ustify casino gambling. IMVHO they are not even in the same universe.

 

I gamble all the time and I don't take food off my table to do it.

[Hasbeen]

^Ohio/Indiana etc. get revenues from their state plus Ky. If we get only the Kentucky money, will it be profitable enough? Wouldn't it make more since to locate the facilities along the Tenn. border?

[IM4THEHOUNDS]

When you buy into the stock market, you no more own the business then your pet dog. When you buy into the stock market you're taking a gamble that the businesses you purchased stock in will be successful and show growth that will make you money.

 

When you bet on sports, you're taking a gamble that the team you bet on will win and make you money.

 

What's the difference?

 

BIG----in fact----HUGE difference. I place money into the stock market that I have ----- it is not mortgage money, grocery money, bill money. The majority of the gaming industry preys upon poor people on government assistance hoping to get rich quick . . . usually at the expense of their homes and family. BIG BIG BIG difference. It is not a positive for Kentucky for sure.

[IM4THEHOUNDS]

The fundamental concept is the same in my mind. You buy into a business hoping the stock will rise so you make a profit. I will double down on a 10 when the dealer shows a 4 so I can win and profit. If you are a smart investor you will profit, if you are a careless investor you will lose. If you are a smart gambler you will still probably lose, but it will be a lot more fun and you get a free buffet!

 

You are simply trying to justify gaming . . . I don't buy it.

[leo42171]

I gamble all the time and I don't take food off my table to do it.

 

I second that, on the other hand I work for an airline and had some of my company stock in my 401k. I didn't sell my airline stock when everone else did because I was GAMBLING that the company would rebound. Well.......I LOST, and a lesson learned.

[Birdsfan]

Given the location of the Indiana casinos, if there were competitors nearby on our side of the river, folks who normally go to Indiana would choose Kentucky instead because of the travel convenience. Right there we would undercut the Hoosier state on Ohio money (not everyone goes to Argosy), and we would recapture Kentucky dollars that go across the river.

Yeah, you know what is a fun game? Riding around Argosy's parking lot trying to find an Indiana license plate. Mostly what you'll find are plates from Kentucky, Ohio, and many other states around the region.

[Birdsfan]

^Ohio/Indiana etc. get revenues from their state plus Ky. If we get only the Kentucky money, will it be profitable enough? Wouldn't it make more since to locate the facilities along the Tenn. border?

I don't understand why you think we're only getting KY money. :confused:

[IM4THEHOUNDS]

Wow, I NEVER venture into this forum and probably wont ever again but the nauseating ammount of conservative statements have me shaking my head, "moral decay", "not in my state'', Ok so you'd rather see your tax dollars go to other states? I mean IF and thats a big IF casinos pass in KY they will be on the Ohio in towns like, Paducah, Louisville, Henderson, NKY, which...coincidently all have casinos in neighboring IL and IN. So your saying that 1 mile shorter drive for the residents of the great state of KY will send us in to Moral Decay? Give me a break...

 

I voiced my opinion as you have yours . . . if you want casinos then drive the extra mile. There are other ways to generate funds than to propogate gambling. I don't see how the lottery has helped education one bit. This won't either. It will simply line the pockets of some big time thugs that don't give a hoot about Kentucky and its well being. Oh, by the way, if you do decide to visit again you may wish to thicken your skin a bit . . . it can get pretty testy at times.

[Wireman]

BIG----in fact----HUGE difference. I place money into the stock market that I have ----- it is not mortgage money, grocery money, bill money. The majority of the gaming industry preys upon poor people on government assistance hoping to get rich quick . . . usually at the expense of their homes and family. BIG BIG BIG difference. It is not a positive for Kentucky for sure.

 

I'm not buying it.

[Uk4Life]

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.

 

Its supply and demand. we dont need 500 casinos but about 2-3 at the start then may 6-10. automakers can go to mexico and make more $$$. how much $$ will a casino make in Mexico?? exactly. location location location!!!!

 

We also need a casino along Campbell County to pull some of the smoky mountain revenue & also possibly Paducah to pull the memphis & arkansas crowd.

[IM4THEHOUNDS]

Apples and Oranges my friend, but if you want to do that, I'll play devils advocate, sure why not? I'm a firm believer in Darwinism, if you can't control your own actions or addictions, thats your problem. There's alcoholics everywhere, but I still enjoy a few cocktails, as well as I enjoy going to a casino from time to time. It shouldnt be the masses job to police and monitor the addictions of weak minded people who cant control themselves...

 

So, that's your problem!

[Birdsfan]

BIG----in fact----HUGE difference. I place money into the stock market that I have ----- it is not mortgage money, grocery money, bill money. The majority of the gaming industry preys upon poor people on government assistance hoping to get rich quick . . . usually at the expense of their homes and family. BIG BIG BIG difference. It is not a positive for Kentucky for sure.

I've been to several different riverboat casinos and never seen the people you speak of. I really believe that is just a scare tactic, drummed up by opponents of expanded gambling.

[IM4THEHOUNDS]

Yup and there's always going to be degenerates everywhere, I personally rather see the dollars that they gamble away going to improve KY schools, roads, government workers pay, etc etc than IN and IL reaping the benifits of Kentucky citizens

 

Never has and never will. It is a lie and a dupe used to draw in the masses trying to make and easy buck.