Gambling on Casinos

Tuesday, February 09, 2010

Gaming plays into the biggest budget and political stories on both sides of the Hudson. Ken Lovett, Albany bureau chief for the Daily News and WNYC's Bob Hennelly discuss the controversy over the bidding process for the Aqueduct racino to the financial hit New Jersey is taking as revenues drop in Atlantic City. Plus, what the David Paterson rumor mill means about the state of politics - and the media - here in NY.


Bob Hennelly and Ken Lovett

Comments [27]

Jgarbuz from Queens, NY

Gambling makes the rich richer and the poor poorer, and while it may create some jobs in the middle, so does the Mafia. It creates addictions that destroy many families as do drugs and alcohol. I think we'd be all be better off if we went back to the ancient days of "red light" districts which created a degree of separation between moral and immoral behavior, and people knew where the borderline was. Hypocritical? Perhaps. But at least people knew which side of the line they were on at any given time.

Feb. 09 2010 11:48 PM
edward c. greenberg from NYC, NY

Once again you have done a segment on gaming without a single person who is an expert in the field. Not a single person from either the gaming industry, gaming press or say a stock analyst or reporter from The Wall Street Journal who covers the gaming industry.
Your guests are reporters bereft of facts or experience with regard to either the gaming or hospitality sectors.

Delaware does NOT have sports betting as incorrectly stated more than once on your show. Atlantic City is seeking sports betting because it is getting killed by gaming in Pennsylvania and to a lesser extent in Delaware.

As a part time Pennsylvania resident, I am thrilled that New Yorkers continue to foolishly stall the Aqueduct project. Pennsylvania has added over 10,000 permanent jobs and its coffers receive millions of dollars daily thanks to legalized casinos, racinos and casino/resorts. Table games come in about 5 more months making a trip to Atlantic City pointless.

Atlantic City needs sports betting because there is no place on the east coast which has it. Gamblers must either go to Nevada or place their bets with criminals or friends neither of whom pay taxes. Without legalized sports betting, AC will continue to lose out to the enlightened state of Pennsylvanaia.

26% of all adults in the US went to a casino at least twice in the last 12 months. Those of you who do not examine the success and finanical benefits of legalized casinos in Pennsylvania, Mississippi and countless other states will help NY to lag behind the rest of America.

Don't take my word for it. Visit the site of the Pennsylvania Gaming Commission. Look at the revenues taken in and most importantly, how and what they were spent on.

Feb. 09 2010 09:56 PM
CofC from NYC

It's so wrong to say that we should legalize gambling just because "people will do it anyway." Maybe it's true that part of being human is indulge in morally questionable or even wrong activities occasionally, but legalizing it is never the answer. If you entered a community where everyone was a pedophile, would you say that it should be legalized there?

Plus to say that it would be ok, because "we could use the tax money for good" is wrong, because it's like making a deal with the devil -- it never workS.

Feb. 09 2010 11:03 AM

The Patterson rumor "story" reminds me of an old Twilight Zone episode called "The Monsters are Due on Maple Street." The premise of the show was that beings who were anxious to stir up trouble in a neighborhood (in the show the beings were Aliens) caused little unexplained things to happen one a light going on in someones house, cars starting up and then shutting down...basically unexplained stuff that had no apparent explanation. When the people...who had been neighbors and friends...became disturbed by these events, rumors began that, in the end, caused everyone in the neighborhood to accuse everyone else of being responsible and of having alterior motives that were sinister if not worse. In the end, the camera pulls back to show to Alien beings observing from afar and commenting that..."we don't have to invade or take over...we just manipulate their lives a little and plant a rumor here and there and they'll go after each other. We just have to sit back and wait for it to happen." Paraphrased of course. Rod Serling wrote this episode as an allusion to the Eugene McCarthy period just a few years earlier where the rumor became the story and effectively ruined peoples lives and careers. How worried should we be about this Patterson thing? He did something...he didn't do something...maybe he did something...but we don't know exactly what it was...if it was anything...And this becomes the story. Maybe he slept with Tiger Woods...add that to the rumors...
I don't know about you...but I'm worried.

Feb. 09 2010 10:59 AM
john from office

alan, you are right on the money.

Feb. 09 2010 10:51 AM
Judy Stadt from Rockland County, NY

I think that people will gamble, go to prostitutes, and smoke marijuana no matter what how many laws you write. It will ALWAYS go on. We can use the revenue from these habits to feed the children, house the homeless and help people to live this one lousy life we have here on earth NOW. Religion (magic) doesn't work. If you believe in it fine, just don't get in the way of humanity.

Feb. 09 2010 10:51 AM
RLewis from bowery

Why does Rev. Flake have a stake in a gambling company??? Aren't ministers supposed to believe that gambling is a sin? This guy worries me.

Feb. 09 2010 10:46 AM
Alan from New York

Re: Comment #11 from John from office:

An article by Tom Robbins in the Feb. 2 Village Voice entitled The Reinvention of Andrew Cuomo may shed some light on the younger Cuomo's methods. This of course is no evidence of his or his father's involvement in spreading accusations of Governor Paterson, but it can help explain something of the context of the current attacks.

Feb. 09 2010 10:43 AM
Bill Israel from Dix Hills, NY

Gambling is a vice and, if the state chooses to be in the business of vice, why stop at gambling?

Being a little bit pregnant is still pregnant. The state should acknowledge this, and, get their share of the pie from prostitution and drugs. If we're going to encourage a vice by advertising the idea that you have a chance to win, when in fact, we are applying a highly regressive tax on those who can least afford it, at least they can buy a speedball while playing Lotto.

Feb. 09 2010 10:41 AM
ba from bklyn

Gambling is bad for the people.
We don't need more unhealthy distractions in our lives and culture..

Feb. 09 2010 10:41 AM
hjs from 11211

tax pot - a lot of money there

Feb. 09 2010 10:40 AM
Martin Chuzzlewit from Manhattan

Why are they persecuting Paterson?

Of course Cuomo's fingerprints aren't on this... because there is a machine in place to do the dirty work for him.

Here is the lesson of David Paterson.....stand up to the big municipal workers' unions and you'll have your private reputation and family smeared.

Feb. 09 2010 10:39 AM
Grimey Boatlegs from Brooklyn

Did you guys watch the Wire?

"You know what the problem is, Brucie? We used to make (stuff) in this country... build (stuff). Now we just put our hand in the next guy's pockets."

--Frank Subotka, The Wire

Feb. 09 2010 10:38 AM
Michael D. D. White from Brooklyn

Here is an interesting related article about "bidding" that just doesn't seem to make sense:

Monday, February 08, 2010
As controversy over Queens video deal continues, Darryl Greene drops out

Michael D. D. White
Noticing New York

Feb. 09 2010 10:34 AM
the truth!! from BKNY

Expand it!

Feb. 09 2010 10:32 AM
the truth!! from BKNY

Legalize it!

Feb. 09 2010 10:30 AM
john from office

It is Andrew Cuomo, he is like his father. When Mario ran against Koch, He had a slogan that went around under the table, Vote for Cuomo not the Homo.
Andrew did not fall to far from the tree.

Feb. 09 2010 10:29 AM
elizabeth from brooklyn

thanks for Paterson segment. am completely unraveled by the fact that unsubstantiated rumors are lead stories in the "news" ... particularly when there so much factual information that I need to know.

Feb. 09 2010 10:28 AM
Jgarbuz from Queens, NY

Legalizing gambling so that the state could get its cut, is like legalizing drug use so that government can tax it. The end result is a drugged out, impoverished public on welfare in the end. Allowing self-destructive vices run rampant so that the state can tax it is always a losing proposition in the end.

Feb. 09 2010 10:26 AM
hjs from 11211

I don't care who's using drug either UNLESS he's piloting the plane i'm on

Feb. 09 2010 10:21 AM
kai from NJ-NYC

Hack journalisim by the tabloids that do it best: the NY Post and Daily News.

Kudos to reporting rumor-mongering without the rumor!

Feb. 09 2010 10:14 AM
hjs from 11211

should we care who people are sleeping with? I really don't.
what I do care about is the lack of democracy for NY. our state government has been big mess for decades. when are the people going to retake our governments?
what about reporting that!

Feb. 09 2010 10:11 AM
Jgarbuz from Queens, NY

The Casino Economy we built up over the last 30 years is what led us into this present economic crisis, and betting that impoverishing those gambling suckers even further can help get us out of it is statistical lunacy. People should be encouraged to save again, not fritter their pennies away.

Feb. 09 2010 10:01 AM
hjs from 11211

what about the worlds biggest casino, wall street. always a great return and the government will be there to bail u out when the house runs out of money.

Feb. 09 2010 09:53 AM
Phil Henshaw from NY

It's was not exactly "building casinos and racetracks" that's was the bad bet. It was betting you could build ever more, just like betting we can literally double our profit from the earth every 20 years in perpetuity as the economic models commit us to. Those are games you can only win if the early winners stop using their profits to multiply their bets and guarantee a later tragedy for all...

Feb. 09 2010 08:49 AM
superf88 from nj

ha! looks like building casinos and racetracks turned out to be the biggest gamble of all!

Feb. 09 2010 07:35 AM
Phil Henshaw from NY

It would be really nice, actually ground breaking, if you were to bring up the difference between a system for making bets you are guaranteed to win, and one for making bets you're guaranteed to loose.

The way finance is set up for assuring everyone regular returns you can add to your bets, the multiplying bets become impossible to guarantee, and everyone's tragedy. In making bets in a Casino, where most everyone is guaranteed to loose, people have fun doing it instead of being brought to tragedy.

One of the less known discoveries of J M Keynes is that guaranteed multiplying bets naturally run their course, and its time to change the rules. Our real trouble is not that that's happening, but we have not dared to think through the options. The lasting option is neither "growth or collapse" nor "growth and collapse", it's for the casino to spend its winnings... it's hard to to keep it straight, but that's really the answer.

Feb. 09 2010 01:17 AM

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