Casino Gambling

Hillbilly Report
Glendale, Kentucky
http://www.hillbillyreport.com/
June 9, 2007
I Just Wanna Say
By Jim Anderson Stivers
Since Casino gambling is such an important part of the next General Election, I am going to post, from time to time, statistical information pertaining to the impact to a particular geography, when Casino Gambling comes to town.
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The rapid growth in casino gambling outlets during the 1990s simultaneous with the rise impersonal bankruptcies prompted a credit industry consulting firm, SMR Research (1997), to declare gambling as the “single fastest-growing driver of bankruptcy.” SMR compared the aggregated personal bankruptcy filing rate of the 298 counties identified as having at least one major legal gambling facility (i.e., a casino: Indian, land-based, or boat; or pari-mutuel outlet) with the aggregated bankruptcy rate of counties without gambling.
They found that counties with gambling had a bankruptcy filing rate 18% higher than those without. Counties with more casinos had higher filing rates: counties with one to four gambling facilities (275) had a bankruptcy filing rate 14% higher than in counties without casinos. The rate for counties with five or more gambling outlets (23) was 35% higher than counties without gambling. Next, SMR noted that the counties with the highest bankruptcy rates in Nevada, New Jersey, California, and Connecticut were those in closest proximity to major casino gambling activity.
This result was generalized by correlating counties (with a population of at least 25,000) possessing the highest filing rate per 1,000 with the presence of a casino “nearby.” Of the 24 counties with the highest bankruptcy filing rates per 1,000 in 1996, 9 were located “very close” to three casinos.4 The National Opinion Research Center (NORC) at the University of Chicago was commissioned by the NGISC to examine the impact of new casinos on communities by comparing counties in which casinos had and had not opened over the past decade.

Comments

[Jim A. Stivers]

THE RACETRACK N I M B Y’S!

NOT IN MY BACK YARD

According the Herald Leader- Keenland & Churchill Downs would prefer not to have Casino’s on their racetrack property. I mentioned this once before. There is a measurable difference between the socio \economic bases that go to Casino’s.

For those hundreds of thousands that cross the state line to gamble you will surely recognize it. (Where is the survey that shows the massive migration to gamble? Does it actually exist?)

Why the major publications in the region have not written a story about how the survey was conducted and who paid for it? I would think that would be good journalism. That is if KEEP will allow anyone to see the survey and how it was conducted.
It appears the two signature racetracks do understand the social\economic difference between betters of Thoroughbreds and ONE ARM BANDITS.

So, if the CASINO is not on the track premises, what advantage does either organization get from having Casino Gaming.
IT’S THE MONEY. All they want is the THE MONEY and a HEFTY PURSE FOR THEIR THORUGHBREDS.

To segregate the Casino Gamblers from the RACETRACKS indicates to this blogger, the signature tracks want the money, but they don’t want the people that ago with it. At least, not at their lovely, affluent icon type, racetracks.

What could be worse than some rich fokes to see little old ladies with white hair, standing or maybe sitting, in front of a one arm bandit gambling away their money?

It is not likely that the Casino betters would be arriving at Churchill and Keenland in Mercedes Benz, BMW and other expensive vehicles. That would not blend well with the pickup trucks and the aging cars of those that come to the CASINO SHRINE, in search of their instant fortune and go home, get out the paper and pencil and figure out how they can recover the FIXED INCOME they gambled away.

The New England Journal of Medicine reports that GAMBLING IS THE USA NUMBER ONE MENTAL HEALTH PROBLEM.

“I just wanna say!”
Jim Anderson Stivers
Frankfort, KY.

[Jim A. Stivers]

I am passing along this post from a concerned citizen. This was a reply to an earlier post I made concerning CASINO GAMBLING.

Look at the date KEEP FILED THEIR BILL!LOOK HOW MUCH GOES TO HORSES, RATHER THAN PEOPLE.

IT IS DISGRACEFUL.AND DOES NOT OFFER MUCH "SUNSHINE", AS TO WHAT IS GOING ON BEHIND THE SCENES. Are we the voters and citizens of the Commonwealth, going to be overwhelmed with Casino money and Thoroughbred money?

Mr. Stivers,

I just googled "Kentucky casino gambling at racetracks" and found an interesting article from National Thoroughbred Racing Association dated 11/9/2007.

Check out this paragraph:
"One of the principal players in horse-industry lobbying is the Kentucky Equine Education Project, which was formed in 2004 and two years later presented a bill to the legislature that would give the racing industry 64 percent of an estimated $1.2 billion in casino proceeds. The chairman of the organization, Brereton Jones, is a horse breeder and former Kentucky governor. During 2006, when the legislature last considered expanded gambling, the group spent millions of dollars on advertising that supported casinos at racetracks."

Did you catch the part: "two years later [KEEP] presented a bill to the legislature that would give the racing industry 64 percent of an estimated $1.2 billion in casino proceeds. The chairman of the organization, Brereton Jones, is a horse breeder and former Kentucky governor."

Do you think that's why Beshear is being so deceitful about Boswell's bill? Do you think Beshear will push for the racing industry to get 64% of casino proceeds? Man! Those are some greedy people!

We've got a high rate of both adults & children uninsured, a high poverty rate and need more funding so more children can afford college and these greedy horse people have ALREADY presented a Bill that would allow them 64% of casino proceeds. THAT'S what drives Gov. Beshear ... he stands to personally benefit from such a bill.

Posted by: BrerJoneswants64%CasinoProceeds | January 11, 2008 at 05:42 PM