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Old 01-08-2009, 11:40 AM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,070,187 times
Reputation: 2661
Quote:
Originally Posted by Ralkin View Post
The Casino Industry is in fear of potential bankruptcy -- that means many banks will not be paid on billions of dollars of loans and tens of thousands of employees will be out of work. This is very serious, entire communities (and one State) are totally dependent on this Industry for economic survival. After the Federal Govt gave AIG billions of dollars (three times) to help fund a party, another "off-site" gathering, and executive bonuses -- it does seem appropriate that the same govt NOT ignove this Industry and all that depend upon it's continued sucess.

Ralph Witkin
Connecticut

Did you read this thread?

Casinos go bankrupt periodically. It causes no great problems.
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Old 01-08-2009, 12:37 PM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,406,452 times
Reputation: 7615
Quote:
Originally Posted by Ralkin View Post
The Casino Industry is in fear of potential bankruptcy -- that means many banks will not be paid on billions of dollars of loans and tens of thousands of employees will be out of work. This is very serious, entire communities (and one State) are totally dependent on this Industry for economic survival. After the Federal Govt gave AIG billions of dollars (three times) to help fund a party, another "off-site" gathering, and executive bonuses -- it does seem appropriate that the same govt NOT ignove this Industry and all that depend upon it's continued sucess.
Larry Flynt and the guy behind 'Girls Gone Wild' are also arguing the same thing and are now looking to Congress for a bailout to the porn industry...seriously.
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Old 01-08-2009, 12:46 PM
 
762 posts, read 1,556,799 times
Reputation: 530
Default They had better bail me out then!

you cannot be real?
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Old 01-08-2009, 12:57 PM
 
Location: Kingman AZ
15,370 posts, read 38,995,639 times
Reputation: 9215
I've heard that business is down for the hookers so they're lookin for a peace of the action
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Old 01-08-2009, 01:04 PM
 
Location: NW Las Vegas - Lone Mountain
15,756 posts, read 38,070,187 times
Reputation: 2661
I gotta...

Should that not be "a piece"...
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Old 01-08-2009, 01:04 PM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,406,452 times
Reputation: 7615
Quote:
Originally Posted by skisickie View Post
you cannot be real?
Just in time for the AVN awards in Las Vegas this weekend...

Porn Magnates Larry Flynt And Joe Francis Seek $5 Billion Bailout From Government | AHN | January 8, 2009 (http://www.allheadlinenews.com/articles/7013639810 - broken link)


A lot of people are having a very HARD time in this economy! But have no fear, as Americans, we will RISE above it and stand ERECT in the face of adversity!

Last edited by jfkIII; 01-08-2009 at 02:10 PM..
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Old 01-08-2009, 01:06 PM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,406,452 times
Reputation: 7615
Quote:
Originally Posted by olecapt View Post
I gotta...

Should that note be "a piece"...
tried to rep you, but it wouldn't let me. Now that's my kind of response! Kudos, capt!
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Old 01-08-2009, 01:50 PM
 
Location: Kingman AZ
15,370 posts, read 38,995,639 times
Reputation: 9215
Quote:
Originally Posted by olecapt View Post
I gotta...

Should that not be "a piece"...
It should be....that's what happens when the brain is faster then the fingers
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Old 01-08-2009, 02:07 PM
 
Location: Beautiful Upstate NY!
13,814 posts, read 28,406,452 times
Reputation: 7615
literally...and figuratively!
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Old 01-08-2009, 02:43 PM
 
Location: Hawaii>SouthLakeTahoe>LA>Vegas>?
162 posts, read 466,231 times
Reputation: 76
Quote:
Originally Posted by rainlynx View Post
I cannot believe people are so blind. I keep read the bloggers and other website and these people think the federal governement are going to help the casinos. You guys need to get a real life if you even think of the government even helping remotely the casinos. Casinos are consider not important at all to the USA economy and seen as a liability and federal government could care less if they all go bankrupt. For people who think the Casinos are going to be helped out, you guys are really pretty uneducated. I just cannot believe people even bringing up a ridolous thought.
WOW, I hope a MOD snips this forum, considering how ignorant and uneducated your post is. 4 people here with me just read your post and we're all laughing.To put it simply, YOU ARE WRONG, and its embarrasing to the forum
Here are some true facts for you:
A-The total amount of people employed by casinos is comparable to the total amount employed in every aspect of the automotive industries in the united states(millions)
B-Gambling revenues are one of the single largest tax generators for our state AND federal government
C-Very few casinos in Las Vegas are posting losses, their profits are down, but they don't need a bailout; MGM's third quarter profits was $61 million, down from more than $100-million in the same quarter last year, but they are not in danger of bankruptcy.

Anyone with a basic understanding of finance understands just how important casinos are to the US economy, but you also raise a moot point(NO BAILOUT NEEDED) So please, do some research, maybe take a macro and a micro economics course, pick up the Wall Street Journal, and spell check(ridolous?)

Thanks guy
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