Meetings & Information


Sunday, February 22, 2015

Flim-Flammed by the Casino Vultures!

One did not have to be an 'EXPERT' to know how grossly overstated the phony Massachusetts projections were and how flawed the foundations were.

One only had to consider comparisons from the AGA's [American Gaming Association] web site.

These words from former Attorney General Scott Harshbarger and Gov. Michael Dukakis:

After jobs, the argument for casinos is that they provide a new state revenue stream. But the numbers don’t add up.

Commonwealth Magazine reported that in order to reach the revenue estimates when the bill was unveiled — of between $1.4 billion and $1.9 billion — somewhere between $5.6 billion and $7.2 billion must be bet and lost at the two proposed casinos every year.

In Las Vegas, it takes 266 casinos to bring in $11.6 billion in gross revenue, which translates into $924 million in tax revenue. Even the $300 million to $600 million now estimated here is a stretch based on that data.

To read the article in its entirety:
What’s the big hurry?

The projections are deliberately OVERSTATED to sell PREDATORY GAMBLING to voters and to dazzle elected officials.

Bad bet? Casino money misses states' forecasts

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