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Friday, August 21, 2009

State As Stakeholder

In case you missed some of the quotes from the gambling shills that Massachusetts will become a STAKEHOLDER in expanded gambling, my favorite nosey neighbor explains it all - here goes --

“The Commonwealth will become the biggest stakeholder in the 'gaming' business.”

And, as a stakeholder you will be asked to solve problems as they arise.

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.

And, so, it should come as no surprise, that the cash-strapped State of Rhode Island, addicted to slot parlor revenues, promotes, supports, expands and genuflects to gambling revenues.

Slot income drops at Newport and Lincoln

What a surprise! So what do they do?

The rise also may be due to a recent
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aggressive marketing campaign
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the slot parlor launched as it gave away free-play vouchers and coupons for discounts on food and beverages, she [Diane Hurley, Newport Grand’s chief executive officer] said.


Newport Grand got permission from the state Lottery to give away $300,000 in free-play over a 90-day trial period.


The Newport slot parlor launched the new player rewards program in late June, after winning approval from state Lottery Director Gerald S. Aubin on May 19.
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Professor Goodman explained that the state would move from being regulator to being promoter.
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State as STAKEHOLDER? Oh? Managed like the Big Dig?
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A Blue Ribbon Commission, appointed by the legislature would prove to you that Predatory Gambling causes expenses to exceed revenues.
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Is that what they don't want you to know?