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NORTON'S NOTES: Ways to Improve AC
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by Steve Norton
CEO, Norton Management
How the Hard Rock could benefit from the South Inlet projects | Breaking News | pressofatlanticcity.com
My comment:
While the Hard Rock, purchasing the Taj Mahal from Carl Icahn, is great news for Atlantic City; it doesn't change the basic facts that caused the AC downturn. Gaming analyst, Alan Woinski, and Senator Jim Whelan, an important fixture in Atlantic City, since gaming's inception 40 years ago; were correct; that this may be good news for AC, but doesn't solve our basic problem from substantial new casino competition.
NORTON'S NOTES: Missouri Slot Expansion
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- Hits: 1057
by Steve Norton
CEO, Norton Management
Video gambling plan could raise $90 million for Missouri coffers | Political Fix | stltoday.com
My comment:
If this is a serious consideration by the Missouri Legislature; they should look at how slot machines have impacted the Illinois riverboats, in spite of a larger population the MO, and fewer riverboat casinos. A possible suggestion, that would do less damage to the existing casinos, would be to let the riverboat companies provide and operate the machines allowed in the communities around them. They would then share the net after tax revenues with the owner of the qualifying facility.
NORTON'S NOTES: CT 3rd Casino Questions
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- Hits: 1156
by Steve Norton
CEO, Norton Management
Connecticut governor questions tribes' third casino plans - CalvinAyre.com
My comment:
This is an excellent article, questioning the States ability to let the Tribes open a casino on land that is not part of their reservations, or has not been placed "In Trust" by the Federal Government. But it doesn't mention that much better sites are available on the Western border with NY State; that would tax residents of another state, while eleminating the 4th casino serving the Greater Hartford area, possibly harming the Mohegan and Foxwood casinos as much as MGM Springfield.
NORTON'S NOTES: IN Casino Sites
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- Hits: 1136
by Steve Norton
CEO, Norton Management
Challenges Push Casino Owner to Think Differently - Inside INdiana Business
My comment:
I can't agree with Dan Lee, that the Illinois casinos are in the wrong place. As the individual that worked with the State for 6 Legislative sessions, before casino riverboats were finally approved in a 1993 special session. Over those years, my primary arguments were that Indiana could benefit from the jobs, taxes, construction and tourism, while the residents of other states would provide the great majority of the customers. The first year, 1988, Iowa and Illinois had not even started their gaming Legislation, both opening their first riverboats in 1991.