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.
On
November 4th, Vote YES to Repeal the Casino Law
Vote YES on #3
Vote
YES to STOP the Casino Mess
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