Casinos increase profits at the expense of LA’s economic recovery Monday, Dec 26 2005

The column by the Associated Press’s Alan Sayre, with commentary by yours truly, is a predictor that gambling will further retard the state’s economic recovery. The dismal economic situation in New Orleans will be exacerbated by the illegal special breaks being given Harrah’s New Orleans casino to get it back into operation quicker.
Legalized gambling is giving LA’s faltering economy an triple-whammy. The suckers will lose more money (larger profits for the out-of-state companies) the casinos are providing fewer jobs for LA residents and more gambling addicts to taken care of by the LA taxpayers.
Gambling interests are fortunate that the LA leges are mathematically and economically challenged.
C.B.
Uncategorized 7:46 am



