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By Robert D (anonymous) | Posted January 17, 2013 at 17:10:33 in reply to Comment 85267
If, as you've said, there will be a casino in major centres across ontario (which I agree is the OLG's plan) why would you assume that you would get money and tourists from a casino?
If every major city has their own, where are these tourists coming from? Why would they leave the Toronto casino or the niagara falls casino or the Brantford casino (or St. Catherine's casino?) to check out the Hamilton casino?
With casinos everywhere, would any casino become a tourist draw?
As for the money, casinos are designed to get you to empty your wallets there, at the casino. Spin-off effects are almost non-existent as studies quoted on this website have shown. So what "money" is the city getting? If you're talking about the municipal share of gambling revenue, the provincial government takes the lion's share, but the cost of that revnue will be borne primarily by citizens of Hamilton.
Why should the city let their residents gamble away a dollar so that it can get 20 cents? Wouldn't it make more sense to let those residents spend the dollar at a local business?
Because let's be honest, the money that goes to gambling (with the exception of problem gamblers) is discreiontary income that would have been spent anyways on some other form of entertainment.
When it comes to problem gamblers, they're compelled by their addiction to spend their savings, and when they end up bankrupt, guess who apys for their welfare or CPP/OAS? That's right, the municipality.
This whole thing is one big circular logic problem where the municipality will almost never be better off, particularly once the OLG has finished building casinos across the province. Even existing "sucess stories" such as Brantford, will eventually feel the pain of this new casino competition.
I also don't buy the whole "entertainment venue" argument. HECFI loses money, and they're planning theatre closings in Toronto (Princess of Wales) why would a new entertainment venue be any different than our existing ones?
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