WOW! Weren't slots supposed to save Rhode Island?
PROVIDENCE, R.I. -- R.I. state government will shut down for a total of 12 days between now and next June to help close a massive budget hole, Governor Carcieri announced Monday afternoon. The governor also unveiled plans to withhold the final $32.5 million in quarterly reimbursements to cities and towns as compensation for reducing local car-tax levies.
State As Stakeholder ?
How then, Grogan asks, does a company like Twin Rivers go bankrupt?
Why, because it's largest stakeholder, THE STATE, did not help solve it's problems.
And it's all the State's fault. It's a bad Stakeholder.
Maybe Grogan's right.
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But, just maybe, those who have spoken out about the true costs of gambling that go beyond the heavy burden of addiction to Predatory Gambling, and include the cost of Regulating, Enforcing, Prosecuting, and so much more are the ones who are right. Maybe that's why every state with expanded gambling is in worse shape than Massachusetts.
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Maybe Massachusetts' leaders were wise not to jump hastily onto that bandwagon that has destroyed lives and budgets.
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Time for a Blue Ribbon Commission?
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