![]() Hospitals in New York are supposed to undergo a rigorous review by a state board when they want to stop providing a service. That goes double when the ante is the roof over somebody’s head. There is only one surefire way to make money gambling: Don’t. It isn’t hard to imagine something similar happening with the Soloviev proposal - that down the road we could be told, once again, that profits weren’t what they were supposed to be, and the only way to protect people from rising rents or homelessness is an infusion of public largesse. What New York doesn’t need is a repeat of what happened in New Jersey, where when profits started to wane, the industry argued for a bailout - not to keep casinos in the money, but to save the jobs that would be lost. Casinos started asking for breaks from taxpayers. As we and others warned, profits in the heavily saturated industry turned out to be lower than expected, even before COVID-19 forced a months-long shutdown. The reality, of course, has been another matter. Subsidies for horse racing, including health care for workers. ![]() Grant us as gambling license, and your fondest wishes will come true. ![]() For anyone who has followed the push to build casinos in New York, this is just another version of the sales routine that’s been pitched around the state in one form or another. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |