{"id":476,"date":"2011-08-01T07:30:43","date_gmt":"2011-08-01T14:30:43","guid":{"rendered":"http:\/\/www.constructonomics.com\/blog\/?p=476"},"modified":"2019-05-01T13:32:03","modified_gmt":"2019-05-01T20:32:03","slug":"how-appropriate-is-it-to-have-a-casino-everywhere","status":"publish","type":"post","link":"https:\/\/constructonomics.com\/blog\/2011\/08\/01\/how-appropriate-is-it-to-have-a-casino-everywhere\/","title":{"rendered":"How Appropriate Is It To Have A Casino Everywhere?"},"content":{"rendered":"

Remember the days when it was a big deal to go to Las Vegas or Atlantic City and throw a few bucks down on\"sugarhouse-casino-philadelphia-ext-680uw\" black or red and possibly pull a few slots?\u00a0 It was fun to make a trip of it.\u00a0 Yeah, you would lose a lot of money more often than not, but usually you didn’t gamble away your house or first born prior to leaving.\u00a0 Hence its better play all these games online rather than in person as online games allows you to play high limit slots<\/a> without any issue. The chances and probability of losing assets while playing online gaming is almost nill as no sane person in their right mind would just hand out their priced possession in that manner.<\/p>\n

Now it seems like there’s a casino in every town in the country with Philadelphia being the largest major city to have one.\u00a0 Taking apart ones like casinos online at EasyMobileCasino.com<\/a>. On the east coast you can gamble in Philly, Connecticut, Jersey, hell, you can even throw a bet down in the Poconos.\u00a0 In fact, there are 35 states in the US that have hotel casinos.\u00a0 How did this luxury of going to the casino turn into a vice that can be\u00a0accessed in nearly every town you pass through?<\/p>\n

Well, it’s very simple.\u00a0 There is an enormous market for gaming and the profit margins are equally ludicrous.\u00a0 I recently read on https:\/\/www.boomtownbingo.com\/<\/a> that the\u00a0new Sugarhouse Casino in Philadelphia projects a profit margin of 20%.\u00a0 Just as a comparison, general contractors project a profit margin of about 5%.\u00a0 However, the profits on casinos are taxed heavily, those that can’t be evaded of course.\u00a0 I read that the tax rate on casinos in Pennsylvania is 54%.<\/p>\n

So here’s the deal.\u00a0 The politicians in Pennsylvania, specifically Ed Rendell who made a complete ass of himself in his interview on 60 Minutes on Sunday, were unhappy that people were spending all their gambling dollars in Atlantic City; creating a situation where people where losing all their money and going broke, but spending that money in New Jersey instead of Pennsylvania.<\/p>\n

Rendell was\u00a0pressed on 60 Minutes about how people\u00a0in Philadelphia may be more likely\u00a0to gamble if a\u00a0$500\u00a0million casino with the fastest payout sa casinos<\/a> has ever seen would be built right in their back-yard.\u00a0 He gritted his teeth, raised his voice and replied, “You’re not getting it, those people would lose that money anyway. Don’t you understand?”<\/p>\n

No, we don’t understand.\u00a0 And the reason we don’t understand is because it isn’t true.\u00a0 You’ve got to have a\u00a0screw loose to think that people will\u00a0gamble the same amount they spend doing free bet online<\/a> over the course of a year\u00a0when there is a huge luxurious casino on their way home from work everyday vs. casinos 60 miles or more away.<\/p>\n

And just for the record, it’s not like the proceeds from online casinos like barbadosbingo.com<\/a> are going directly to the government like the lottery or something.\u00a0 There are several very rich people profiting immensely off the operation of this thing, making rich people more rich and poor people more poor. But hey, that’s capitalism and the alternative is much worse.<\/p>\n

At least they’ll save the gas money to AC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Remember the days when it was a big deal to go to Las Vegas or Atlantic City and throw a few bucks down on black or red and possibly pull a few slots?\u00a0 It was fun to make a trip of it.\u00a0 Yeah, you would lose a lot of money more often than not, but […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[],"class_list":["post-476","post","type-post","status-publish","format-standard","hentry","category-featured"],"_links":{"self":[{"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/posts\/476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/comments?post=476"}],"version-history":[{"count":15,"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/posts\/476\/revisions"}],"predecessor-version":[{"id":1782,"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/posts\/476\/revisions\/1782"}],"wp:attachment":[{"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/media?parent=476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/categories?post=476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/constructonomics.com\/blog\/wp-json\/wp\/v2\/tags?post=476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}