Tuesday, January 30, 2007

Casinos on the SouthCoast..Gambling with or for our Future



A recently released survey indicates that majority of Massachusetts residents would like to see a resort casino in the state with the Fall River/New Bedford area being viewed as a favorable location.

On this issue, I am not in the majority, Call it a gut-feeling but I have concerns that in our rush to embrace casinos as our ticket to prosperity, we will ignore the the troubles and social ills that often seem to come with them. I fear that our politicians in their efforts to bring a resort casino here will give away the farm and that voters and residents will get starry eyed over short term promises instead of long term solutions.
At the same time I recognize the tremendous amount of revenue that is generated by resort casinos and the belief that they can be a key in revitalizing an economy.


Dr. Momentum blogged about this yesterday, where late night, needing sleep and staring at my monitor bleary eyed I came across it and posted a comment. This morning, I find my comment inspired a new post. I stated that I wished someone would do the research and prove me concerns wrong, and Dr. Momentum has found some supporting data in favor of casinos that I hope will be the catalyst of further debate.

I invite anyone with an opinion on this to comment here and to visit the Aces Full of Links site.







2 comments:

Roger Williams said...

Gambling creates some job growth, and some tax revenue, but doesn't create anything by way of wealth to a local economy unless it's part of a much larger tourism economy (a la Las Vegas). Compare and contrast Atlantic City and Las Vegas.

Lefty said...

I agree but for some reason studies backing this up don't seem to be easy to come by.