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Old 03-25-2015, 03:50 PM
 
6,479 posts, read 7,163,638 times
Reputation: 1970
Sounds like an interesting proposal. However, I doubt it will get far....
Quote:
The initial plan would divide the state into five zones, offering up to six licenses that would be awarded by competitive bid. The Atlanta casino (Zone 1) would require a minimum of $1 Billion investment in facilities. Backers make it clear it would be a world class destination facility, pointing to a similar casino/hotel/entertainment complex under construction adjacent to the National Harbor convention center in Maryland, just outside Washington DC, as the model.

There’s a bit more than a wink and a nod to the site where the Georgia Dome currently sits. The GWCC has noted recently that they would like to see a large hotel on that parcel with as many as 800-1200 rooms. It’s clear a Destination Casino on site would give the State owned convention center a leg up on national competitors, as well as fully anchor the Dome/Phillips/Centennial Park area as Downtown Atlanta’s entertainment district.

A secondary casino would be allowed in zone one (which includes not only most of metro Atlanta but all of North Georgia, but the secondary casino would be limited in size to no more than 2,000 total gaming positions

The other four zones would require casinos with a minimum of $200M in facility investment. At the top of likely locations in Zone 2, which includes Chatham and 15 neighboring counties, is Savannah’s Hutcheson Island. Savannah has recently been conducting feasibility studies noting that additional hotel capacity is needed to lure larger conventions, as the downtown/River Street area hotels are generally able to remain at or near capacity with a strong year round tourist draw.

Zone 3 includes 16 counties in central Georgia, with possible suitable locations in Millegeville/Baldwin County (Lake Sinclair), Putnam (Lake Oconee – though Green County is in Atlanta’s Zone 1), or along I-75 from Monroe to Dodge Counties.

Zone 4 is anchored by Columbus (whitewater rafting and blackjack, anyone?) and extends northward to Pike County, and deep into Southwest Georgia.

Zone 5 includes the southeast Georgia coast (St. Simons, Jeckyl, St. Marys), with much of Deep South Georgia included in the land mass.
Casino Gambling Legalization Introduced; Projections Suggest $250M For HOPE - Peach Pundit
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Old 03-25-2015, 04:28 PM
 
32 posts, read 35,117 times
Reputation: 33
Oh I wish!...Here we have busloads of citizens leaving Ga for casino trips elsewhere simply because none available here. Some will still go just to have a change of venue but in turn we would get visitors from other states taking trips here.

So hypocritical to have lotto drawings and no active casinos.
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Old 03-25-2015, 05:36 PM
 
225 posts, read 277,876 times
Reputation: 306
Not a fan. I enjoy gambling, but we don't need to start sprinkling them all over Georgia. There would be nothing world class about any of these casinos. Looking at all of the new states that just legalized gambling, one will see revenue falling way short of projections. With low revenue, and likely very high state taxation, the companies putting these facilities up will not put very much money into amenities and upkeep. Just look at the Revel casino in Atlantic City that just went belly up. That was a world class casino, and it couldn't even last three years in a casino market that is starting to become over saturated. Eventually, all of these casinos will become pits of despair and a form of taxation on those least capable of giving their money to the corporations and governments. This is just a way to shift tax burden from the rich to those of lesser means hoping to get rich.
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Old 03-25-2015, 06:48 PM
 
Location: Atlanta
5,242 posts, read 6,237,327 times
Reputation: 2783
Don't care about casinos, but good lawd I would love some horse racing. If this brings that, I guess I'm in.

Honestly, I struggle to find a good reason not to have casinos in GA, other than they are kinda trashy.
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Old 03-25-2015, 06:55 PM
 
Location: MMU->ABE->ATL->ASH
9,317 posts, read 21,000,428 times
Reputation: 10443
Pennsylvania put in Casino, to "Support" the failing Racing industry.

So now they have under performing Casino's and still have a failing Racing industry.

This is not the 1920's in the US where people will go to a track everyday hang on the rail for entertainment, Bet a nickel or two on a race. There are so many other choices for your entertainment dollar, the track is not it anymore.
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Old 03-25-2015, 06:59 PM
 
Location: Atlanta's Castleberry Hill
4,768 posts, read 5,439,118 times
Reputation: 5161
Waste a time. Deal will veto.
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Old 03-25-2015, 07:04 PM
 
Location: Georgia
5,845 posts, read 6,155,945 times
Reputation: 3573
Meh. Not feeling it. Mississippi and Louisiana have tried gambling for years, and those are still not great places to live. Plus, gambling is basically another tax on the poor.
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Old 03-26-2015, 12:35 AM
 
240 posts, read 344,345 times
Reputation: 138
Quote:
Originally Posted by space cadet View Post
Not a fan. I enjoy gambling, but we don't need to start sprinkling them all over Georgia. There would be nothing world class about any of these casinos. Looking at all of the new states that just legalized gambling, one will see revenue falling way short of projections. With low revenue, and likely very high state taxation, the companies putting these facilities up will not put very much money into amenities and upkeep. Just look at the Revel casino in Atlantic City that just went belly up. That was a world class casino, and it couldn't even last three years in a casino market that is starting to become over saturated. Eventually, all of these casinos will become pits of despair and a form of taxation on those least capable of giving their money to the corporations and governments. This is just a way to shift tax burden from the rich to those of lesser means hoping to get rich.
Revel Casino's problem is coming from nonsense executives. You cannot blame its facility...
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Old 03-26-2015, 02:05 PM
 
225 posts, read 277,876 times
Reputation: 306
Quote:
Originally Posted by USERXXXX View Post
Revel Casino's problem is coming from nonsense executives. You cannot blame its facility...
I don't blame the facility at all. In fact, I believe Revel was the best casino resort in Atlantic City. It was at least top two with Borgata. My point was that if a sparkling new gem of a casino cannot survive a few years in the current market, what is a company's incentive to put a similar financial investment into Georgia? My point is that those types of mega resorts can only exist where world-class money is going to play -- Las Vegas, Macau, Monte Carlo. Atlantic City used to get reasonable cash influx from all of the northeastern cities (New York, Boston, Philadelphia, Washington). However, all of that money is getting diffused out to regional casinos in Penn, Delaware, and Maryland. The money is no longer concentrated in Atlantic City anymore.

Atlanta is certainly not going to be able to sustain a large world-class casino resort -- especially with competition in neighboring states. Additionally, I suspect Georgia would levy a very high tax on casino revenue, which would be a further disincentive to placing capital into facilities. I just don't believe the concept that these will be Vegas style resorts being built. That's why the proposed law places a minimum facility investment on a casino bid. However, I just don't see the economics for a private corporation there. Additionally, does that capital requirement address upkeep and maintenance? What's keeping these places from turning into rundown pits? Finally, would a municipality be forbidden into contributing tax dollars to get these places built?

I just don't like stand-alone, regional casinos. I would rather go to a casino resort town like Las Vegas and do my gambling there. Casinos are the economy in Vegas. Here, they would just be another way to tax the residents.
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Old 03-26-2015, 04:17 PM
 
9,008 posts, read 14,054,003 times
Reputation: 7643
Why would they limit the secondary casino to only 2000 gaming positions? That pretty much guarantees it would suck and be a pit of despair instead of an attractive and safe casino. I don't believe they should artificially handicap development like that. Who would go to a crummy limited casino if a $1 billion one was just a few miles away? People who are going to gamble away their social security checks, that's who. And who needs that?

As far as I'm concerned, if they want to legalize gambling, then do it right. Either don't put any restrictions on it, or require a $1 billion investment in any facility that goes up.
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