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By LindsayG (registered) | Posted August 05, 2013 at 16:47:42
Gabriel, the hotel is a red herring; it is used by self-interested casino promoters in Hamilton to tout the fantasy of a resort casino downtown drawing destination gamblers and spurring economic development. Check out Steve Buist's recent Spectator article for details: Ontario's resort casinos are in trouble; visitors and revenues are down, and an astonishing proportion of gross revenues are spent on loyalty programs and perks to big (and probably pathological) gamblers. It is the bare-bones racetrack facilities that are actually most profitable. If people won't travel to Niagara to spend their money (or at least, not in sufficient amounts to satisfy the OLG), why would they be drawn to Hamilton? The interest in dropping a casino smack dab in the downtown is not about attracting people for shows, concerts and a jolly little hotel stay. It is about providing easy access and availability to gambling to Hamilton residents, particularly those in the young, densely-populated downtown neighbourhoods.
Comment edited by LindsayG on 2013-08-05 16:54:05
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