Day Ten: 18 reasons in 18 days to Vote YES on 3: Bankruptcies, Bailouts and Busts: Casinos are Failing, Not Booming

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Bankruptcies, Bailouts and Busts: Casinos are Failing, Not Booming

It's all over the news: casinos are defaulting on their debts and the casino gaming industry, as everyone knew it, is crumbling. Calling it "a worrisome trend", Moody's Investor Services recently revised its outlook for the U.S. gaming industry from "stable" to "negative" citing a "weaker demand . . . and oversupply of casinos". Taxpayer-funded bailouts -- hundreds of millions of dollars so far -- have already been approved by several states in an attempt to prevent bankruptcies, closings or layoffs. As you've seen, that doesn't always work. Keep in mind that these are the same casinos that promised tons of money to the states and municipalities, but are now seeking money from taxpayers in order to stay afloat.

Just recently, the potential buyer for the failing Trump Taj Mahal casino in Atlantic City demanded a $25 million dollar taxpayer bailout. Then he demanded a yearly tax break. Then he demanded that casino employees forfeit their pensions and their health insurance. Are casino owners really the ones we want controlling our economy and our lives here in Massachusetts?

Is whatever you believe might be gained from casinos,

worth everything that you will lose?

On November 4th, Vote YES to Repeal the Casino Law

Vote YES on #3

Vote YES to STOP the Casino Mess

WANT TO HELP?

3 Ways You Can:

1) Please share/post these messages widely: https://www.facebook.com/profile.php?id=100005253047911

2) Volunteer: http://www.repealthecasinodeal.org/how-to-help

3) Donate: http://www.repealthecasinodeal.org/donate

We Can't Win Without YOU!

Find the full list of reasons to Vote YES on 3 here:

http://massvoteyeson3.blogspot.com/