“People will spend a tremendous amount of money in casinos, money that they would normally spend on buying a refrigerator or a new car. Local businesses will suffer because they lose customer dollars to the casinos.”
—Donald Trump, interviewed by the Miami Herald.
“Get it straight … there is no reason on earth for any of you to expect for more than one second that just because there are people here [at casinos], they’re going to run into your store, or restaurant, or bar.”
—Steve Wynn, Casino owner, speaking to small business leaders in Connecticut
“The money [local residents] wager comes from the local economy, and each dollar they spend …, they can no longer spend at a store or restaurant. This situation benefits the gambling operations, but works to the detriment of other kinds of business.”
—Earl Grinois, Ph.D., Professor of Economics at Baylor University
“Most of the people pouring money into their [casino] slot machines will be local residents. Instead of bringing new dollars to the local economy, gambling will siphon away consumer dollars from other local businesses.”
—Robert Goodman, PH.D., Lemelson Professor of Environmental Design and Planning at Hamshire College
Casinos? “Bad idea. We studied the data, and concluded that there are too many social problems associated with it. Plus, it doesn’t help the state to just take money out of one pocket and put it in another … A good community is based on a firmer foundation than casinos.”
—Jack Pelton, CEO of Cessna, the largest employer in Wichita, KS
“It’s a terrible way to raise money (for government). It’s a tax on ignorance … I don’t like the idea of government depending, for certain portions of its revenue, on hoodwinking citizens.”
—Warren Buffett, Internationally recognized investment advisor and one of the wealthiest men in the world
SOURCE: The Kentucky Citizen, Fall/Winter 2007
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