"I think we have a 50-50 chance of getting it," Mayor Don Williamson told The Flint Journal. Williamson dispatched adviser Joe Conroy to Washington, D.C. last week to lobby those connected to legislation that would bring a casino to either Flint or Romulus.There's only one problem: casinos tend to suck more money out of the local economy than they put into it. Philadelphia City Paper lays out the numbers:
A bill is expected to be voted on the floor of the U.S. House of Representatives that would allow a casino to be established by the Sault Ste. Marie tribe of Chippewa Indians.
During their yearlong study, professors William N. Thompson and Ricardo C. Gazel of the University of Nevada, Las Vegas found that Illinois loses $6.7 million to casinos each year which otherwise would have been spent on local businesses. The sum does not include regulatory and infrastructure costs, or social costs.
In addition, the study found that areas closest to casinos suffered the most. The study also determined that riverboat casinos do not promote tourism, noting that 84 percent of Illinois gamblers live in-state. By comparison, Las Vegas attracts 85 percent of its gamblers from out-of-state.
Of course, look how Detroit has magically transformed itself into a safe, economically robust city with the help of casinos.
That was a little joke.