Spectrum Gaming provided a glorious report that cost Massachusetts taxpayers $189,000.
In that report, the overstated JOB PROJECTION was
10,000!
[There were numerous other exaggerations, including OVERSTATED REVENUE PROJECTIONS not to be addressed here.]
Spectrum Gaming LOVES EXAGGERATION!
They've created the same alluring mythology in other states.
It's not guesswork, folks!
Massachusetts Casino Proponents have REPEATED OVER AND OVER AND OVER AGAIN those BOGUS Projections.
This from Atlantic City where Casinos continue to close and the tax base is eroding:
Do the math!
Revel, Showboat, Trump Plaza = 5,900 JOBS
5,000 JOBS PROMISED at Revel Alone!
FROM:
Do the math on Phony Casino Job Promises!
ARTICLES BELOW:
TRUMP PLAZA 1,100 WORKERS
TRUMP TAJ MAHAL 3,101 WORKERS
Layoff Notices Issued For 1,100 Workers At Trump Plaza Casino In Atlantic City
July 14, 2014
ATLANTIC CITY, N.J. (CBSNewYork) — The Trump Plaza Hotel and Casino confirmed Monday that it is indeed expecting to close at the end of the summer, and more than 1,100 workers were sent layoff notices.
http://newyork.cbslocal.com/2014/07/14/layoff-notices-issued-for-1100-workers-at-trump-plaza-casino-in-atlantic-city/
Trump Taj Mahal employees issued layoff notices ahead of possible November closure
In this photo taken on Wednesday, July 23, people walk on The Boardwalk near Trump Taj Mahal Casino Resort in Atlantic City. Trump Entertainment Resorts filed for bankruptcy Tuesday, Sept. 9, and threatened to shut down the Taj Mahal Casino Resort in November. The company owns Trump Plaza, which is closing in a week, and the Taj Mahal, which has been experiencing cash-flow problems and had been trying to stave off a default with its lenders. It's the fourth such filing for the struggling casino company or its corporate predecessors. (AP Photo/Mel Evans)
ATLANTIC CITY — The Trump Taj Mahal issued layoff notices on Friday to its 3,101 employees ahead of a possible closing date that's a mere two months away.
Trump Entertainment Resorts told The Associated Press it filed the notices earlier this week, saying it could close on Nov. 13. The company filed for bankruptcy on Tuesday and threatened to close the Taj if it "doesn't get concessions from its unions," the AP reported.
Rumors of WARN Act notices going out first broke last Friday, although there was no official confirmation at that time. The Trump Plaza remains on schedule to close this Tuesday.
"When this goes, that's the end," Philadelphia resident Betty Heston told the South Jersey Times last month of trips to Atlantic City while standing out front of the Taj Mahal — a casino she and her husband have been staying at for more than 20 years.
Atlantic City began 2014 with 12 casinos. It could be down to seven by mid-November.
Trump Entertainment Resorts told The Associated Press it filed the notices earlier this week, saying it could close on Nov. 13. The company filed for bankruptcy on Tuesday and threatened to close the Taj if it "doesn't get concessions from its unions," the AP reported.
Rumors of WARN Act notices going out first broke last Friday, although there was no official confirmation at that time. The Trump Plaza remains on schedule to close this Tuesday.
"When this goes, that's the end," Philadelphia resident Betty Heston told the South Jersey Times last month of trips to Atlantic City while standing out front of the Taj Mahal — a casino she and her husband have been staying at for more than 20 years.
Atlantic City began 2014 with 12 casinos. It could be down to seven by mid-November.
”The growth potential is too large for the Trump opening to hurt the rest of us,” the executive vice president of Resorts International, H. Steven Norton, said. ”More casinos and more entertainment will only make Atlantic City a more attractive destination.”
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