*Blog postings do not necessarily reflect the views of Fantini Research

By Steve Norton
CEO, Norton Management

How Much Would Tribes Contribute to State from CA Sports Betting Revenue

My comment: 

I am very much in favor of sports betting and American polls tell us that around 80% of the adult population supports it. This is far higher than the public support for casinos, racetracks or for any other form of gaming.

Many states have authorized it online along with casino games, which I strongly disagree with. The primary reasons that states want online gaming are for potential tax revenue and as a way to compete with illegal internet gaming sites. The public wants sports betting to be more convenient than just at Tribal and commercial casinos and racetracks.

By Steve Norton
CEO, Norton Management

Sports Betting, Online Gaming Boost Atlantic City Casinos in October

My comment:

My recollection of New Jersey's attempt to repeal PASPA, was to help Atlantic City recapture visitors, lost to New York, Pennsylvania, and Maryland. Well, in the first 10 months of 2019, Atlantic City's 9 casinos have won $96 million, but only $14.7 million was won at an AC sportsbook; a paltry 6.2% of the total sportsbook win, of $237 million, in the Garden State.

By Steve Norton
CEO, Norton Management

Cobb County Democrats, Republicans Split on Casinos

My comment:

Rep. David Wilkerson is correct, that any mention of gaming and racing in Georgia, has to do with budgetary needs - most likely educational funding, and more specifically, the HOPE Scholarship. Last year's bill to add the gaming question to a statewide vote in November needs to carefully restrict casinos and/or racetracks to specifically chosen communities, and those should only be chosen after local commission or city votes say yes.

The great majority of communities will fear the increases in crime, prostitution, compulsive gambling and traffic congestion outweigh the increase in jobs, taxes and development.

By Steve Norton
CEO, Norton Management

This is What a Proposed a $1B Dollar Casino, Entertainment Complex Could Look Like at Atlanta Motor Speedway

My comment:

Atlanta certainly has the population to support a first class racetrack casino but as I have commented before, a destination casino in downtown Atlanta will

1) create the kind of attraction that will increase new conventions and add more exhibitors and attendees to Atlanta's already booked conventions and trade shows;

2) increase occupancies and average rates, mid-week, of the city's nearly 100,000 hotel accommodations;

3) casino gaming will bring in many new weekend tourists (helping hotels who experience large declines in occupancies on Fridays and Saturdays without traveling businessmen and conventioneers), plus new customers for area restaurants and entertainment events;

4) increase attendance to the many major attractions and sporting events held in Atlanta;

5) [and best of all] casino revenue, likely over a billion dollars a year, will come primarily from conventioneers, visiting businessmen, and tourists, all looking for evening entertainment.

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