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Thu May 17, 2012, 01:06 PM

Developer: Can't have casinos everywhere

Casinos are not like Starbucks stores: you really can't have one on every corner.

That's the word from David Cordish, whose company is opening a huge new casino next month in Maryland.

Yet Cordish warns that the expansion of casino gambling can't go on unchecked forever. A big problem is the attitude of politicians across the country who view casinos as free money.

"I don't know how we can control the politicians; they certainly don't understand the word `oversaturation,"' Cordish said. "They think you can have casinos like Starbucks."

If that attitude continues, Cordish said, "it's going to implode on them."

The expansion of casino gambling has continued rapidly over the last several years, nowhere more fiercely than in the Northeast. There is serious disagreement within the industry as to whether the market is oversaturated or whether there is room for further growth. But most agree it is tougher to do business in the Northeast casino market than it ever has been before.



http://www.msnbc.msn.com/id/47461966/ns/local_news-cleveland_oh/


This guy doesn't want too many casinos because he want everyone to come to his casino.
I am building one, but you can't.



11 replies, 1561 views

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Arrow 11 replies Author Time Post
Reply Developer: Can't have casinos everywhere (Original post)
liberal N proud May 2012 OP
yellerpup May 2012 #1
Yavin4 May 2012 #2
yellerpup May 2012 #11
tabbycat31 May 2012 #6
yellerpup May 2012 #10
gratuitous May 2012 #3
liberal N proud May 2012 #4
DontTreadOnMe May 2012 #5
Blue_Tires May 2012 #7
closeupready May 2012 #8
Tracer May 2012 #9

Response to liberal N proud (Original post)

Thu May 17, 2012, 01:07 PM

1. He should take a look at Las Vegas

and perhaps reassess his position.

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Response to yellerpup (Reply #1)

Thu May 17, 2012, 01:10 PM

2. Vegas' Economy Is Moribund

The developer has a point. There are hundreds of choices for casino gambling all along the east coast. The money that casinos make take away from other forms of entertainment, not add to it.

If governments want to make a "vice" legal which would actually add to the economy, then legalize marijuana.

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Response to Yavin4 (Reply #2)

Thu May 17, 2012, 03:14 PM

11. Thanks for your patience in educating me.

I agree with you on which vice would add more to the economy. I've been to Atlantic City exactly once, to attend a neighbor with Alzheimer's whose husband wanted to play Blackjack without having to worry about what she was doing. I didn't enjoy the atmosphere. I felt that I was surrounded by addicts.

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Response to yellerpup (Reply #1)

Thu May 17, 2012, 01:39 PM

6. how about Atlantic City?

A city which has been hurt by the proliferation of casinos in the northeast.

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Response to tabbycat31 (Reply #6)

Thu May 17, 2012, 03:11 PM

10. I am not a recreational gambler.

I was just popping off. People who like to gamble usually find some place to do it.

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Response to liberal N proud (Original post)

Thu May 17, 2012, 01:20 PM

3. Now that my casino is good to go, let's stop building them

I'm not a big fan of casinos, but David Cordish's naked self interest is too blatant to be believed. I suppose rather than let the free market decide when there are too many casions, Cordish and his fellow robber barons will now look for a government solution to keep them in business and profitable?

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Response to gratuitous (Reply #3)

Thu May 17, 2012, 01:23 PM

4. He wants to create his own little monopoly

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Response to liberal N proud (Original post)

Thu May 17, 2012, 01:30 PM

5. Can't we just merge everything into one store...

like a Casino called Starbucks that is also a brothel... oh wait.

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Response to liberal N proud (Original post)

Thu May 17, 2012, 01:43 PM

7. That long ass piece, and the reporter still couldn't give the city where it's located?

I had to look it up: Hanover, Md.

Maryland already opened the pandora's box because they were tired of the seniors taking the buses up north to gamble away their savings every weekend...

Casinos and megachurches are two of the biggest economic black holes around...Both suck up a whole lot of community dollars while offering next to nothing tangible in return...The only difference is casinos need to pay taxes

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Response to liberal N proud (Original post)

Thu May 17, 2012, 01:44 PM

8. Of course he doesn't want competition.

Look at Atlantic City - it's dying, and that's because of all this other competition from casinos in PA and MD.

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Response to liberal N proud (Original post)

Thu May 17, 2012, 01:51 PM

9. Massachusetts now allows casinos.

There are 4 areas where the legislature will allow a casino.

The only one that had an actual proposal was in Foxboro and the two heavy-hitters proposing it were Bob Kraft (Patriots owner) and Steve Wynn (big casino mogul).

They both backed out after two anti-casino selectmen were voted in (making the anti-casino bloc in the majority).

I don't know how ANY casino in MA can really compete with the existing huge Connecticut casinos. There's a limited supply of gamblers.

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