New gambling revenue falling far short of forecastBy Andy Vuong The Denver PostPosted: 12/20/2009 01:00:00 AM MST
Nancy McCallin, president of the Colorado Community College System, says community colleges may receive just $2 million to $3 million from gambling taxes during the first year of new games and table limits. The 2008 ballot measure that eased gambling regulations was pitched as a way to bolster the ever-slimming budgets of the state's community colleges.
Much of the additional tax revenue generated from higher bet limits, 24-hour gambling and new table games would go to the schools, an estimated $29 million during the first year and $222 million over five years."Anything that's going to add over $200 million over the next five years . . . is very good for us," Nancy McCallin, president of the Colorado Community College System, said in November 2008 shortly after it was disclosed that voters had approved Amendment 50.
Now, more than five months after the gambling changes took effect in July, McCallin says community colleges may receive just $2 million to $3 million from gambling taxes during the first year. Despite a sparkling first month, the Amendment 50 changes — which came as gamblers were cutting back on casino trips amid the economic recession — haven't boosted revenue by nearly as much as initially projected.
A Denver Post analysis based on the first five months of data shows colleges could receive $4.4 million during the first year, if business stays at the current pace."We knew that it was going to be a year where we didn't have a whole lot of information, and so we knew that any of the projections were going to be a guesstimate, at best," McCallin said last week.Community colleges won't receive gaming funds until September. As required by the measure, the money has to go toward classroom instruction and financial aid.McCallin said she won't make plans on how that money will specifically be used until May, when the budgeting process for fiscal 2011 begins.
This year, state funding for community colleges was cut from $142 million to $106 million, though much of that was made up with one-time federal funding, she said.For fiscal 2011, community colleges face an $11 million cut, with no assurance that federal funding will cover the gap."That's happening the same time when our enrollment is surging, so we're going to see some substantial cuts next year," McCallin said.
Casino revenue is up 8.5 percent this fiscal year, which began in July. Industry officials initially projected growth of 20 percent to 25 percent.In November, only Black Hawk casinos saw a revenue gain, posting a 13 percent increase, according to data released last week by the Colorado Division of Gaming. Central City and Cripple Creek casinos each reported declines of about 5 percent.
Even with lower-than-expected revenue from the changes, there are concerns among historic-preservation officials that community colleges are set to receive too much of the gambling tax. When voters approved casino gambling in Black Hawk, Central City and Cripple Creek nearly two decades ago, the intention was to use the tax revenue to help restore and preserve the historic mining towns.Dan Love, president of the board of directors of Colorado Preservation Inc., said community colleges stand to receive "a disproportionately large share" of the revenue.
As it stands now, existing recipients of gambling tax revenue, which include the state historical fund and general fund, would receive $97.7 million this fiscal year (a 3 percent increase from fiscal 2009), before regulatory expenses are subtracted. Anything generated above $97.7 million is earmarked for Amendment 50 recipients, with 78 percent going to community colleges and the rest going to the various casino cities and counties.
With a projected $106 million in gambling tax revenue for fiscal 2010, based on five months of data, Amendment 50 recipients would receive $8.3 million, before regulatory and other charges. After those charges, the Amendment 50 pot drops to an estimated $5.7 million."We weren't doing this for a single increase in funding," McCallin said. "We were in this for the longer term. And longer term, we know that the gaming industry will turn around as the economy turns around and we'll see increased revenue."
Tuesday, December 22, 2009
Wednesday, December 16, 2009
Gambling is not Economic Development
December 15th, 2009 How Has the Recession Affected The Gambling Industry?
The recession has led to many people becoming more conservative with their spending, and this could be bad news for gambling revenues, as casinos nationwide experience huge drops in attendance and overall money spent. In order to combat consumers who are less willing to roll the dice with their dwindling savings, casinos are desperately trying to find ways to stay afloat.Atlantic City Recent numbers out of Atlantic City, the weekend gambling location for New York’s risk takers, have see decreasing returns from last year, taking in 13.4% less this November compared to 2008.
According to a report by USAPlayers.com, each of the cities 11 casinos reported a decline in earnings last month, with the biggest losses experienced in the table games, which saw a 21% drop from last year. Slot machines dropped as well, but slightly less, only 9.5%.Some casinos have cashed in their chips, deciding that they are not willing to continue to take losses in an economy that doesn’t seem will be sending customers back to the craps tables anytime soon.
The Boardwalk Casino, one of Atlantic Cities oldest gambling establishments, will soon hand over its casino to lender Wells Fargo.Las VegasEven Las Vegas isn’t immune to this latest trend, seeing an industry-wide drop in revenue of 11.6% from a year ago. October marked the 22nd straight decline in revenue, reaching its lowest point since 2003.
In an interview with the Las Vegas Review-Journal, senior director of marketing for the Las Vegas Convention and Visitors Authority Kevin Bagger said that while attendance has started to recover, consumers are still spending less.“We’re happy to see the increase in volume, but consumer spending is still impacted by the broader economy,” he said.
Because of the drop in earnings, casinos have been forced to cut down on employees; MGM Mirage laid off over 1,000 of its workers last year. Casinos are one of the major sources of jobs in Las Vegas, employing around 27% of the total workforce, according to author and former Caesar’s Palace gaming instructor Barney Vinson.
Not Recession Proof After AllThe numbers coming out of the gambling industry over the last year seem to disprove the thought that gambling is a recession proof industry.
There are some who claim that even as consumers personal incomes decline and unemployment rises, gambling will remain constant or even increase as people become desperate for quick ways to increase their money. However, with revenue losses forcing casinos nationwide to increase layoffs, and less strict gambling laws leading to competition for traditional gambling centers like Atlantic City and Las Vegas, it seems the recession may hit harder, and last longer, for the gambling industry.
The recession has led to many people becoming more conservative with their spending, and this could be bad news for gambling revenues, as casinos nationwide experience huge drops in attendance and overall money spent. In order to combat consumers who are less willing to roll the dice with their dwindling savings, casinos are desperately trying to find ways to stay afloat.Atlantic City Recent numbers out of Atlantic City, the weekend gambling location for New York’s risk takers, have see decreasing returns from last year, taking in 13.4% less this November compared to 2008.
According to a report by USAPlayers.com, each of the cities 11 casinos reported a decline in earnings last month, with the biggest losses experienced in the table games, which saw a 21% drop from last year. Slot machines dropped as well, but slightly less, only 9.5%.Some casinos have cashed in their chips, deciding that they are not willing to continue to take losses in an economy that doesn’t seem will be sending customers back to the craps tables anytime soon.
The Boardwalk Casino, one of Atlantic Cities oldest gambling establishments, will soon hand over its casino to lender Wells Fargo.Las VegasEven Las Vegas isn’t immune to this latest trend, seeing an industry-wide drop in revenue of 11.6% from a year ago. October marked the 22nd straight decline in revenue, reaching its lowest point since 2003.
In an interview with the Las Vegas Review-Journal, senior director of marketing for the Las Vegas Convention and Visitors Authority Kevin Bagger said that while attendance has started to recover, consumers are still spending less.“We’re happy to see the increase in volume, but consumer spending is still impacted by the broader economy,” he said.
Because of the drop in earnings, casinos have been forced to cut down on employees; MGM Mirage laid off over 1,000 of its workers last year. Casinos are one of the major sources of jobs in Las Vegas, employing around 27% of the total workforce, according to author and former Caesar’s Palace gaming instructor Barney Vinson.
Not Recession Proof After AllThe numbers coming out of the gambling industry over the last year seem to disprove the thought that gambling is a recession proof industry.
There are some who claim that even as consumers personal incomes decline and unemployment rises, gambling will remain constant or even increase as people become desperate for quick ways to increase their money. However, with revenue losses forcing casinos nationwide to increase layoffs, and less strict gambling laws leading to competition for traditional gambling centers like Atlantic City and Las Vegas, it seems the recession may hit harder, and last longer, for the gambling industry.
Thursday, December 10, 2009
Here's To You Mrs. Wilkerson
Mrs. Kathy Wilkerson will assume a coordinator’s position at the soon-to-be re-engineered Monroe, News Star according to well placed sources in Ouachita Parish, Louisiana.
Like Gannett’s Hattiesburg, MS, American is to its Jackson, MS, Clarion Ledger, the News Star is scheduled during the next calendar year to be down-sized to just a bureau of the much more important Shreveport Times.
It’s sad for Ken Stickney, who is really running the News Star day and night while Mrs. Wilkerson and her hubby are doing the North Side Monroe social scene, most recently in ULM’s Brown Hall Row I for the Tom Friedman talk. He will probably be down-sized as well after the publisher who delayed his long over due retirement finally departs N. 4th Street. It’s a second smack down for him.
Maybe after the dust settles, Ken and Kathy can get on the Louisiana State Teat with their spouses at Delta Community College and the University of Louisiana Monroe, respectively.
Like Gannett’s Hattiesburg, MS, American is to its Jackson, MS, Clarion Ledger, the News Star is scheduled during the next calendar year to be down-sized to just a bureau of the much more important Shreveport Times.
It’s sad for Ken Stickney, who is really running the News Star day and night while Mrs. Wilkerson and her hubby are doing the North Side Monroe social scene, most recently in ULM’s Brown Hall Row I for the Tom Friedman talk. He will probably be down-sized as well after the publisher who delayed his long over due retirement finally departs N. 4th Street. It’s a second smack down for him.
Maybe after the dust settles, Ken and Kathy can get on the Louisiana State Teat with their spouses at Delta Community College and the University of Louisiana Monroe, respectively.
Wednesday, November 25, 2009
caldwell loser big time
mark your calendar, today, Monroe city judge fred amman has been tapped by lincoln parish da bob levy's law firm, hudson, potts, and bernstein, to be judge marcus clark's replacement on the 4th district court.
even police juror "guy" smiley's wife, laurie burkett is withdrawing her candidacy. charley heck can't be far behind, jeff joyce too.
poor walt caldwell he gave big bucks to clark's campaign on the promise that he would be the heir to his seat. and this even after he vanished from the vote on the tax for the v-vehicle.
label caldwell loser!
even police juror "guy" smiley's wife, laurie burkett is withdrawing her candidacy. charley heck can't be far behind, jeff joyce too.
poor walt caldwell he gave big bucks to clark's campaign on the promise that he would be the heir to his seat. and this even after he vanished from the vote on the tax for the v-vehicle.
label caldwell loser!
Tuesday, November 24, 2009
national political corruption
Tuesday, Nov. 24, 2009
Senator's Affair Revealed in Text Message
By AP / KEVIN FREKING
(WASHINGTON) — A Nevada man whose wife had an affair with Sen. John Ensign said he discovered the relationship after intercepting a text message around Christmas in 2007.
"How wonderful it is. ... Scared, but excited," it read.
Doug Hampton recounted the text message during an interview taped for broadcast Monday night on ABC's "Nightline." The interview covered a lot of ground already made public since Ensign, R-Nev., admitted to the extramarital affair in June, but provided new details about how the affair was discovered as well as the senator's reaction when Hampton confronted him. (Top 10 Political Sex Scandals: Sen. John Ensign)
The acknowledgment of the affair has led to a huge fall from grace for a man that many viewed as a rising star within the GOP. He's now fighting to complete a second term in office that continues through 2012.
The Hamptons and Ensigns had been close family friends for years. Hampton told "Nightline" he confronted Ensign when both families were present during a Christmas Eve gathering. "John cries like a kid. Puts his head in his hands, cries like a little boy," Hampton said, adding that he heard remorse and panic in his old friend's voice but now believes it was disingenuous.
Hampton continued to work for Ensign as his co-chief of staff. He said that the two went on a trip to Iraq in February 2008. He said he was having troubles with his telephone and asked to borrow Ensign's to call his wife. He said Ensign scrolled to a listing for Aunt Judy instead of Cindy Hampton. "And then I realize, Wow, wow, something is seriously wrong," he said, that the affair was still going on. (Top 10 Political Sex Scandals: Kwame Kilpatrick.)
Hampton makes clear through the interview he isn't going away quietly and believes Ensign abused his power in pursuing the affair. Ensign's legal team has said it's confident that all laws and ethics rules were followed in the case, which includes Ensign helping Hampton gain employment with a lobbying firm as well as Ensign's parents providing the Hamptons with a payment of nearly $100,000 that they described as a gift. "I truly wish that I could publicly respond to each one of Doug Hampton's allegations," Ensign said. "They are full of half truths and untruths. I will cooperate with any investigation because I have not violated any law or Senate ethics rule. If Doug Hampton violated federal law and rules, I did not advise him to do so, I did not suggest that he do so, and I did not cooperate with his doing so."
cofer told faculty no furloughs at ulm if they taught for free, now what?
Priorities at ULMposted Tuesday, August 4th, 2009 @ 10:34 pm
The University of Louisiana-Monroe unveiled its plan on Monday to cope with a $4.5-million reduction in state funding for the 2009-2010 fiscal year, which began July 1.Like every publicly funded higher education institution in Louisiana, ULM faced a cut in state appropriations for the new fiscal year. The higher education community as a whole was dealt a more than $100 million budget cut. The cut was necessary in light of a more than $1 billion budget shortfall the Legislature encountered during its regular session. The 2009 regular legislative session adjourned in late June.According to ULM, the university will not renew contracts for 36 faculty and other staff members to deal with its reduction in state funding in the new fiscal year. More than 41 vacant faculty and staff positions will be eliminated. Also, staff members at ULM will take furloughs from one to four days depending upon their annual salary. Staffers who make less than $30,000 per year and ULM law enforcement personnel will not be affected by the furloughs. Faculty members won't be affected by furloughs either.According to Laura Harris, a spokesperson at ULM, no tenured or tenure-track faculty members were terminated to aid the university's efforts to balance its budget, which must be approved by the governing board at the University of Louisiana System later this month.If Harris is correct, ULM was wise not to terminate any tenured or tenure-track faculty members. Tenured and tenure-track faculty represent the backbone of any university.In the meantime, let us recall what ULM proposed earlier this year when we learned the higher ed community in Louisiana faced a more than $200 million budget cut for the new fiscal year. At the time, ULM President James Cofer proposed that the university should eliminate some 49 tenured and/or tenure-track faculty positions to deal with ULM's share of higher ed's budget cut. Thanks to some fast-and-loose budgeting employed by the Legislature, higher ed was dealt a roughly $100 million budget cut instead of a more than $200 million cut in the new fiscal year.Let us recall as well that when we learned the higher ed community would be asked to trim its expenditures in the new fiscal year, literally every university president in the state called on the Legislature to raise taxes to offset proposed budget cuts for higher ed. Thankfully the Legislature ignored higher ed's bellyaching.While we regret to witness any of Louisiana's institutions of higher education deal with a reduction in state funding, we would do well to remind ourselves of why universities exist in the first place. They exist to educate people.That said, we are a bit disturbed by ULM's decision to spare its athletic department—for the most part—in sharing in cuts the university leveled to balance its budget. After all, ULM is projected to use some $2.7 million in state funding to prop up its athletic department in the 2009-2010 fiscal year.ULM should rethink its position on athletics versus education.If the university sticks to its guns, so to speak, we'll have a clear understanding of what's important at ULM and what's not.
http://www.ouachitacitizen.com/news.php?id=4645
The University of Louisiana-Monroe unveiled its plan on Monday to cope with a $4.5-million reduction in state funding for the 2009-2010 fiscal year, which began July 1.Like every publicly funded higher education institution in Louisiana, ULM faced a cut in state appropriations for the new fiscal year. The higher education community as a whole was dealt a more than $100 million budget cut. The cut was necessary in light of a more than $1 billion budget shortfall the Legislature encountered during its regular session. The 2009 regular legislative session adjourned in late June.According to ULM, the university will not renew contracts for 36 faculty and other staff members to deal with its reduction in state funding in the new fiscal year. More than 41 vacant faculty and staff positions will be eliminated. Also, staff members at ULM will take furloughs from one to four days depending upon their annual salary. Staffers who make less than $30,000 per year and ULM law enforcement personnel will not be affected by the furloughs. Faculty members won't be affected by furloughs either.According to Laura Harris, a spokesperson at ULM, no tenured or tenure-track faculty members were terminated to aid the university's efforts to balance its budget, which must be approved by the governing board at the University of Louisiana System later this month.If Harris is correct, ULM was wise not to terminate any tenured or tenure-track faculty members. Tenured and tenure-track faculty represent the backbone of any university.In the meantime, let us recall what ULM proposed earlier this year when we learned the higher ed community in Louisiana faced a more than $200 million budget cut for the new fiscal year. At the time, ULM President James Cofer proposed that the university should eliminate some 49 tenured and/or tenure-track faculty positions to deal with ULM's share of higher ed's budget cut. Thanks to some fast-and-loose budgeting employed by the Legislature, higher ed was dealt a roughly $100 million budget cut instead of a more than $200 million cut in the new fiscal year.Let us recall as well that when we learned the higher ed community would be asked to trim its expenditures in the new fiscal year, literally every university president in the state called on the Legislature to raise taxes to offset proposed budget cuts for higher ed. Thankfully the Legislature ignored higher ed's bellyaching.While we regret to witness any of Louisiana's institutions of higher education deal with a reduction in state funding, we would do well to remind ourselves of why universities exist in the first place. They exist to educate people.That said, we are a bit disturbed by ULM's decision to spare its athletic department—for the most part—in sharing in cuts the university leveled to balance its budget. After all, ULM is projected to use some $2.7 million in state funding to prop up its athletic department in the 2009-2010 fiscal year.ULM should rethink its position on athletics versus education.If the university sticks to its guns, so to speak, we'll have a clear understanding of what's important at ULM and what's not.
http://www.ouachitacitizen.com/news.php?id=4645
louisiana political corruption
Impeachment hearings open today for Judge Thomas Porteous
By Jonathan Tilove
November 17, 2009, 7:05AM
A federal court refused Monday to issue a temporary restraining order to block the opening of congressional hearings today into the potential impeachment of U.S. District Judge Thomas Porteous of Metairie.
Judge Thomas PorteousBut Judge Richard Leon of the U.S. District Court for the District of Columbia said attorneys for Porteous may still file for a preliminary injunction later this year, though he counseled that their chances for success are a "very, very long shot."
Richard Westling, representing Porteous, said he will consult with his client and let the court know his decision Nov. 30.
Irvin Nathan, general counsel for the House of Representatives, argued against the temporary restraining order, saying that if Leon had granted it, it would have been the first time in history that a court had tried to block any kind of congressional hearing.
"There is not a case in our history in which a court sought to keep a congressional proceeding from proceeding," Nathan said. Leon agreed that granting the restraining order would have been "beyond extraordinary."
The hour-long hearing was held in the federal courthouse in Washington, a few blocks from the Capitol.
At issue is whether Congress, in considering impeachment, is violating Porteous' Fifth Amendment right against self-incrimination by using testimony he was required to give under a grant of immunity from criminal prosecution to forumlate strategy and prepare witnesses in making the case for impeachment.
Nathan argued that the Justice Department long ago decided not to prosecute Porteous and that impeachment is explicitly not a criminal proceeding. It is also, he said, a congressional responsibility wholly beyond the power of the court.
Westling countered that impeachment is, in effect, a "quasi-criminal'' proceeding that could lead to Porteous being removed from office and barred from holding future federal office. That would happen if the House impeaches Porteous and the Senate convicts him.
Leon told Westling there was "just no precedent" for his pleading that Porteous' Fifth Amendment rights were being compromised in the impeachment proceedings. Westling replied that impeachment cases are very rare, and that he does not think there has ever been an impeachment case where immunized testimony was being used to help construct the case against the defendant.
Even without a temporary restraining order, Leon said, Porteous faces no imminent danger of lasting harm. While the House Judiciary Committee task force will hold its first hearings today and Wednesday on the Porteous case, Leon said the full House probably will not vote until the spring on whether to impeach Porteous and send his case to the Senate for trial.
Eight potential witnesses have been granted immunity to testify before the impeachment task force.
Before his appointment to the bench, Leon was counsel to Congress in the investigation of three sitting presidents, including in the Iran-Contra and Whitewater cases. He was nominated to the bench by President George W. Bush.
Porteous was nominated by President Clinton.
Among other things, he stands accused of making false statements in his personal bankruptcy filing, on his annual financial disclosure forms and on his applicaton for a bank loan, and not disclosing financial gifts from lawyers who appeared before his court.
While he continues to receive his salary as a judge for the U.S. District Court for the Eastern District of Louisiana, he is not allowed to hear cases.
. . . . . . .
Jonathan Tilove can be reached at jtilove@timespicayune.com or 202.383.7827.
© 2009 NOLA.com. All rights reserved.
By Jonathan Tilove
November 17, 2009, 7:05AM
A federal court refused Monday to issue a temporary restraining order to block the opening of congressional hearings today into the potential impeachment of U.S. District Judge Thomas Porteous of Metairie.
Judge Thomas PorteousBut Judge Richard Leon of the U.S. District Court for the District of Columbia said attorneys for Porteous may still file for a preliminary injunction later this year, though he counseled that their chances for success are a "very, very long shot."
Richard Westling, representing Porteous, said he will consult with his client and let the court know his decision Nov. 30.
Irvin Nathan, general counsel for the House of Representatives, argued against the temporary restraining order, saying that if Leon had granted it, it would have been the first time in history that a court had tried to block any kind of congressional hearing.
"There is not a case in our history in which a court sought to keep a congressional proceeding from proceeding," Nathan said. Leon agreed that granting the restraining order would have been "beyond extraordinary."
The hour-long hearing was held in the federal courthouse in Washington, a few blocks from the Capitol.
At issue is whether Congress, in considering impeachment, is violating Porteous' Fifth Amendment right against self-incrimination by using testimony he was required to give under a grant of immunity from criminal prosecution to forumlate strategy and prepare witnesses in making the case for impeachment.
Nathan argued that the Justice Department long ago decided not to prosecute Porteous and that impeachment is explicitly not a criminal proceeding. It is also, he said, a congressional responsibility wholly beyond the power of the court.
Westling countered that impeachment is, in effect, a "quasi-criminal'' proceeding that could lead to Porteous being removed from office and barred from holding future federal office. That would happen if the House impeaches Porteous and the Senate convicts him.
Leon told Westling there was "just no precedent" for his pleading that Porteous' Fifth Amendment rights were being compromised in the impeachment proceedings. Westling replied that impeachment cases are very rare, and that he does not think there has ever been an impeachment case where immunized testimony was being used to help construct the case against the defendant.
Even without a temporary restraining order, Leon said, Porteous faces no imminent danger of lasting harm. While the House Judiciary Committee task force will hold its first hearings today and Wednesday on the Porteous case, Leon said the full House probably will not vote until the spring on whether to impeach Porteous and send his case to the Senate for trial.
Eight potential witnesses have been granted immunity to testify before the impeachment task force.
Before his appointment to the bench, Leon was counsel to Congress in the investigation of three sitting presidents, including in the Iran-Contra and Whitewater cases. He was nominated to the bench by President George W. Bush.
Porteous was nominated by President Clinton.
Among other things, he stands accused of making false statements in his personal bankruptcy filing, on his annual financial disclosure forms and on his applicaton for a bank loan, and not disclosing financial gifts from lawyers who appeared before his court.
While he continues to receive his salary as a judge for the U.S. District Court for the Eastern District of Louisiana, he is not allowed to hear cases.
. . . . . . .
Jonathan Tilove can be reached at jtilove@timespicayune.com or 202.383.7827.
© 2009 NOLA.com. All rights reserved.
Tuesday, October 13, 2009
Good News from Connecticut:Slots Revenue Down
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State budget may take hit from slots
State budget may take hit from slots
Published on 10/13/2009 in Home »State »State News
Hartford (AP) - Connecticut officials say this year's state budget could end up further in deficit because of declining slot machine revenues at the two casinos in the state.
Foxwoods Resort Casino and Mohegan Sun give Connecticut 25 percent of their slot machine revenues, under contracts with the state.
State officials say there could be a $50 million deficit in slot machine revenue when the fiscal year ends June 30, 2010. That's in addition to the $500 million deficit Comptroller Nancy Wyman is predicting for the year.
State officials planned for a 1 percent increase in slot machine revenue this year and a 3 percent increase next year in the current two year, $38 billion budget. But both casinos reported slot revenue declines of more than 10 percent in August.
"Regional"
State budget may take hit from slots
State budget may take hit from slots
Published on 10/13/2009 in Home »State »State News
Hartford (AP) - Connecticut officials say this year's state budget could end up further in deficit because of declining slot machine revenues at the two casinos in the state.
Foxwoods Resort Casino and Mohegan Sun give Connecticut 25 percent of their slot machine revenues, under contracts with the state.
State officials say there could be a $50 million deficit in slot machine revenue when the fiscal year ends June 30, 2010. That's in addition to the $500 million deficit Comptroller Nancy Wyman is predicting for the year.
State officials planned for a 1 percent increase in slot machine revenue this year and a 3 percent increase next year in the current two year, $38 billion budget. But both casinos reported slot revenue declines of more than 10 percent in August.
"Regional"
Thursday, September 10, 2009
States Face Drop in Gambling Revenues
September 10, 2009
States Face Drop in Gambling Revenues
By IAN URBINA
CINCINNATI — Casinos and lotteries in most states are reporting a downturn in revenue for the first time, resulting in a drop in the money collected by state and local governments, according to new state data.
The decline comes as states are rapidly expanding gambling in hopes of stemming severe budget shortfalls, and it indicates that gambling is not insulated from broader economic forces like recessions, as has been argued in the past.
The drop has led some gambling experts to wonder whether the industry is reaching market saturation, whereby a limited number of gamblers with a fixed amount of money to bet is being split across a growing number of gambling options.
States that have been invested in gambling the longest have been hit hardest. Illinois reported a $166 million drop in tax revenue in fiscal year 2009, from 2008; Nevada had a $122 million drop, and New Jersey $62 million.
In hopes of enticing more gamblers, New Jersey lawmakers have repealed a smoking ban, and in Illinois they are considering allowing free drinks on riverboat casinos.
“The data shows that states take a real chance in depending on gambling because this revenue is not likely to keep pace with growing budgetary needs,” said Lucy Dadayan, a senior analyst at the Nelson A. Rockefeller Institute of Government at the State University at Albany, which will release a report on the subject next week.
“In the absence of new types of gambling, it can become a zero-sum game as states compete for the same pot.”
Others, however, argue that the current decline is temporary, and that the industry has plenty of room to expand. Some experts expect revenues to bounce back, but doubt they will be as robust as they were before the recession.
The 12 states that have casinos made $4.5 billion in fiscal year 2009, which ended June 30, a 7.4 percent drop from last year, according to the state data. Among the roughly 42 states with lotteries, 38 reported data indicating that they made $14.5 billion this year, a 2.6 percent drop compared with the earnings from the same states last year.
Gambling critics have long maintained that it provides short-term revenue at the expense of long-term social costs, like increased crime and addiction. But the new data also shows that the revenue collected by states and local governments is decreasing while competition for it is on the rise. Still, state leaders are looking for ways to get a piece of the earnings.
Here in Ohio, Gov. Ted Strickland, a Democrat and former Methodist minister, reversed his opposition to gambling and, in conjunction with the legislature, issued a directive allowing video slots at the state’s seven racetracks.
In Colorado, voters last year backed an increase in betting limits at casinos, and Missouri voters approved the end of limits on how much a gambler can lose. “We need those slots like nobody’s business,” said Mildred Cox, 77, who for 28 years has run the concession stand at River Downs here, one of the seven horse racing tracks slated to receive some of the state’s 17,500 proposed new slot machines. “Look at this place, it’s desolate.”
Across from her, a crowd of older men, betting tickets in hand, stood staring at several televisions mounted on the wall showing races in other states and Canada.
As a bell rang, the horses sprinted by, competing for a winning prize of $4,600. But the men barely broke their concentration from the televisions.
“You can’t attract the best horses and the biggest bettors with purses like that,” said Ms. Cox, pointing outside at a largely empty grandstand.
Thirty years ago, gamblers had to go to Las Vegas or Atlantic City to bet legally. Now, a dozen states have commercial casinos, 12 have “racinos,” or slot machines and other games that are installed at racetracks, 29 states have Indian casinos, and at least 42 states and the District of Columbia, have lotteries.
“When budgets get tight, expanding gambling always looks to lawmakers like the perfect quick-fix solution,” said John Kindt, a professor of business and legal policy at the University of Illinois who studies the impact of state-sponsored gambling. “But in the end, it so often proves to be neither quick nor a fix.”
Crime jumps 10 percent in areas with casinos, personal bankruptcies soar 18 percent to 42 percent and the number of new gambling addicts doubles, Mr. Kindt said. Predicted state revenue often falls short and plans frequently get tripped up by legal fights or popular opposition, he said.
In Delaware, for example, Gov. Jack Markell said in March that he wanted to legalize sports betting in casinos, which he said would bring in $53 million in the first year to help plug an $800 million budget shortfall. But the plan was blocked by a federal court in Philadelphia on Aug. 24 on the grounds that it would undermine confidence in professional sports.
In Ohio, Governor Strickland reversed his stance on video slots at racetracks based on a “conservative” estimate that the new machines would net more than $760 million to the state.
But the slots are not likely to arrive here any time soon because a lawsuit is pending before the Ohio Supreme Court that argues that the plan should be placed before the voters. The slots may also get overtaken by a proposed constitutional amendment that will be on the November ballot and would allow four full-fledged casinos, one each in Cincinnati, Cleveland, Columbus and Toledo.
Still, Frank J. Fahrenkopf Jr., president of the American Gaming Association, said states had plenty of reasons to want to expand gambling.
“Even though our revenues are down during the recession, bringing a casino into a community will still provide new jobs, new tax revenues, new opportunities for local vendors and other benefits that didn’t exist before,” Mr. Fahrenkopf said. “It isn’t surprising that as consumers are tightening their wallets, and with less discretionary spending for entertainment, they are spending less when they visit casinos, too.”
About 60 percent of people who participate in casino gambling have cut back on spending on the activity, according to a 2008 national survey conducted by the association.
Despite the downturn, revenue from racinos grew this fiscal year, producing $2.9 billion in taxes and fees in 12 states compared with $2.7 billion the year before, a 6.7 percent increase.
But Ms. Dadayan of the Rockefeller Institute said the racino windfalls might be short-lived because slot profits usually soften with time as their novelty wears off and more states add machines.
If Pennsylvania and Indiana, where slots are new, are excluded, the total slot revenue from the other 10 states with racinos actually fell by $76 million in fiscal year 2009, a 4 percent decline.
States Face Drop in Gambling Revenues
By IAN URBINA
CINCINNATI — Casinos and lotteries in most states are reporting a downturn in revenue for the first time, resulting in a drop in the money collected by state and local governments, according to new state data.
The decline comes as states are rapidly expanding gambling in hopes of stemming severe budget shortfalls, and it indicates that gambling is not insulated from broader economic forces like recessions, as has been argued in the past.
The drop has led some gambling experts to wonder whether the industry is reaching market saturation, whereby a limited number of gamblers with a fixed amount of money to bet is being split across a growing number of gambling options.
States that have been invested in gambling the longest have been hit hardest. Illinois reported a $166 million drop in tax revenue in fiscal year 2009, from 2008; Nevada had a $122 million drop, and New Jersey $62 million.
In hopes of enticing more gamblers, New Jersey lawmakers have repealed a smoking ban, and in Illinois they are considering allowing free drinks on riverboat casinos.
“The data shows that states take a real chance in depending on gambling because this revenue is not likely to keep pace with growing budgetary needs,” said Lucy Dadayan, a senior analyst at the Nelson A. Rockefeller Institute of Government at the State University at Albany, which will release a report on the subject next week.
“In the absence of new types of gambling, it can become a zero-sum game as states compete for the same pot.”
Others, however, argue that the current decline is temporary, and that the industry has plenty of room to expand. Some experts expect revenues to bounce back, but doubt they will be as robust as they were before the recession.
The 12 states that have casinos made $4.5 billion in fiscal year 2009, which ended June 30, a 7.4 percent drop from last year, according to the state data. Among the roughly 42 states with lotteries, 38 reported data indicating that they made $14.5 billion this year, a 2.6 percent drop compared with the earnings from the same states last year.
Gambling critics have long maintained that it provides short-term revenue at the expense of long-term social costs, like increased crime and addiction. But the new data also shows that the revenue collected by states and local governments is decreasing while competition for it is on the rise. Still, state leaders are looking for ways to get a piece of the earnings.
Here in Ohio, Gov. Ted Strickland, a Democrat and former Methodist minister, reversed his opposition to gambling and, in conjunction with the legislature, issued a directive allowing video slots at the state’s seven racetracks.
In Colorado, voters last year backed an increase in betting limits at casinos, and Missouri voters approved the end of limits on how much a gambler can lose. “We need those slots like nobody’s business,” said Mildred Cox, 77, who for 28 years has run the concession stand at River Downs here, one of the seven horse racing tracks slated to receive some of the state’s 17,500 proposed new slot machines. “Look at this place, it’s desolate.”
Across from her, a crowd of older men, betting tickets in hand, stood staring at several televisions mounted on the wall showing races in other states and Canada.
As a bell rang, the horses sprinted by, competing for a winning prize of $4,600. But the men barely broke their concentration from the televisions.
“You can’t attract the best horses and the biggest bettors with purses like that,” said Ms. Cox, pointing outside at a largely empty grandstand.
Thirty years ago, gamblers had to go to Las Vegas or Atlantic City to bet legally. Now, a dozen states have commercial casinos, 12 have “racinos,” or slot machines and other games that are installed at racetracks, 29 states have Indian casinos, and at least 42 states and the District of Columbia, have lotteries.
“When budgets get tight, expanding gambling always looks to lawmakers like the perfect quick-fix solution,” said John Kindt, a professor of business and legal policy at the University of Illinois who studies the impact of state-sponsored gambling. “But in the end, it so often proves to be neither quick nor a fix.”
Crime jumps 10 percent in areas with casinos, personal bankruptcies soar 18 percent to 42 percent and the number of new gambling addicts doubles, Mr. Kindt said. Predicted state revenue often falls short and plans frequently get tripped up by legal fights or popular opposition, he said.
In Delaware, for example, Gov. Jack Markell said in March that he wanted to legalize sports betting in casinos, which he said would bring in $53 million in the first year to help plug an $800 million budget shortfall. But the plan was blocked by a federal court in Philadelphia on Aug. 24 on the grounds that it would undermine confidence in professional sports.
In Ohio, Governor Strickland reversed his stance on video slots at racetracks based on a “conservative” estimate that the new machines would net more than $760 million to the state.
But the slots are not likely to arrive here any time soon because a lawsuit is pending before the Ohio Supreme Court that argues that the plan should be placed before the voters. The slots may also get overtaken by a proposed constitutional amendment that will be on the November ballot and would allow four full-fledged casinos, one each in Cincinnati, Cleveland, Columbus and Toledo.
Still, Frank J. Fahrenkopf Jr., president of the American Gaming Association, said states had plenty of reasons to want to expand gambling.
“Even though our revenues are down during the recession, bringing a casino into a community will still provide new jobs, new tax revenues, new opportunities for local vendors and other benefits that didn’t exist before,” Mr. Fahrenkopf said. “It isn’t surprising that as consumers are tightening their wallets, and with less discretionary spending for entertainment, they are spending less when they visit casinos, too.”
About 60 percent of people who participate in casino gambling have cut back on spending on the activity, according to a 2008 national survey conducted by the association.
Despite the downturn, revenue from racinos grew this fiscal year, producing $2.9 billion in taxes and fees in 12 states compared with $2.7 billion the year before, a 6.7 percent increase.
But Ms. Dadayan of the Rockefeller Institute said the racino windfalls might be short-lived because slot profits usually soften with time as their novelty wears off and more states add machines.
If Pennsylvania and Indiana, where slots are new, are excluded, the total slot revenue from the other 10 states with racinos actually fell by $76 million in fiscal year 2009, a 4 percent decline.
Monday, September 7, 2009
Sen. Voinovich: "When it comes to gambling you can't be half pregnant".
Friday, September 04, 2009 Reginald FieldsPlain Dealer Bureau ChiefColumbus- U.S. Sen. George Voinovich, a longtime gambling opponent, called out Gov. Ted Strickland on Thursday for flipping his position on gambling and authorizing slot machine betting at Ohio racetracks. Voinovich, speaking during a news conference called to oppose the slots plan and a separate casino issue, raised his voice, pounded a lectern and twice referred to God as the source that has helped opponents beat back every prior attempt at full-fledged gambling here. Strickland's office responded, saying the Democratic governor knew he would be criticized but offers no apologies for making the tough call for slots to help balance Ohio's budget.
Voinovich, a former Ohio governor and Cleveland mayor, recalled how Strickland joined him in 2006 to oppose a gambling ballot proposal and came out against another gambling proposal just last year, saying it was bad for Ohio families and not the route to economic recovery. Strickland's plan, backed by the state legislature and approved in July, legalizes up to 17,500 slot machines at Ohio's seven horse-racing tracks under the authority of the Ohio Lottery. "Based on his past comments, he knows this is not in the best interest of Ohio families," Voinovich charged. "These slots will run 24 hours a day and be available to even people who aren't old enough to buy alcoholic beverages. "And I think he's got to understand," the Republican senator continued, "that when it comes to gambling, you can't be half-pregnant. The expansion of the lottery is opening the door to full-blown gambling in this state." Strickland's office took Voinovich's criticism in stride, saying it had few other options for balancing the budget for the next two years in light of Ohio's depressing economic outlook. Strickland is counting on the slots plan to bring in $933 million between now and June 2011. "The world changed tremendously about a year ago with the collapse of Lehman Brothers when Ohio began to face a lingering national recession which led to a shortfall in this state," said Strickland spokeswoman Amanda Wurst.
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http://www.cleveland.com/open/index.ssf/2009/09/sen_george_voinovich_blasts_sl.html
Voinovich, a former Ohio governor and Cleveland mayor, recalled how Strickland joined him in 2006 to oppose a gambling ballot proposal and came out against another gambling proposal just last year, saying it was bad for Ohio families and not the route to economic recovery. Strickland's plan, backed by the state legislature and approved in July, legalizes up to 17,500 slot machines at Ohio's seven horse-racing tracks under the authority of the Ohio Lottery. "Based on his past comments, he knows this is not in the best interest of Ohio families," Voinovich charged. "These slots will run 24 hours a day and be available to even people who aren't old enough to buy alcoholic beverages. "And I think he's got to understand," the Republican senator continued, "that when it comes to gambling, you can't be half-pregnant. The expansion of the lottery is opening the door to full-blown gambling in this state." Strickland's office took Voinovich's criticism in stride, saying it had few other options for balancing the budget for the next two years in light of Ohio's depressing economic outlook. Strickland is counting on the slots plan to bring in $933 million between now and June 2011. "The world changed tremendously about a year ago with the collapse of Lehman Brothers when Ohio began to face a lingering national recession which led to a shortfall in this state," said Strickland spokeswoman Amanda Wurst.
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http://www.cleveland.com/open/index.ssf/2009/09/sen_george_voinovich_blasts_sl.html
Tuesday, September 1, 2009
Oh The Pain!
The University of Louisiana Board of Supervisors met one week after they partied hearty with Pat Banitar (Patricia Mae Andrzejewski to her friends) at the Paragon Casino in Marksville, LA, and rubber stamped the "plan" from the lsujc/nelscu/nlu/ulm to furlough surviving faculty and staff and fire 36 faculty and staff. The lies, Cofer told the faculty that if they taught for free no one would be fired; Cofer told the NewsStar there would be no furloughs because the faculty were working for free; Cofer told KNOE TV there would be no programs eliminated. Economics, Occupuational Theraphy, Philosophy, Entrepreneurship, and Home Economics have been killed, forever. Aviation, Agriculture, and Dental Hygiene are on life support. But who cares about the chronic illnesses at ULM? Well obviously not the governor's people on the Board of Supervisors.
Maybe the Board of Regents and her highness Sally Clausen EdD will do something this week at their board meeting. She hired Cofer. Or the Regents who have budget authority over all higher education might block these furloughs and firings. But alas, the closest board member to Monroe, LA, is the morally and professionally conflicted District Attorney of Lincoln Parish and of counsel at Hudson Potts and Bernstein law firm, Robert Levy.
Maybe the Board of Regents and her highness Sally Clausen EdD will do something this week at their board meeting. She hired Cofer. Or the Regents who have budget authority over all higher education might block these furloughs and firings. But alas, the closest board member to Monroe, LA, is the morally and professionally conflicted District Attorney of Lincoln Parish and of counsel at Hudson Potts and Bernstein law firm, Robert Levy.
Tuesday, August 18, 2009
Louisiana Mississippi casinos stop new construction, loose jobs
Written by LAN SAYRE
NEW ORLEANS (AP) – With the recession tightening gamblers’ wallets, Louisiana and Mississippi state-licensed casinos registered drops in wagering revenue in April.
Mississippi casinos recorded an 11.7 percent fall from $232.8 million in March to $205.4 million in April, the State Tax Commission reported Tuesday.
In Louisiana, riverboat casinos, Harrah’s downtown New Orleans casino and the four slot casinos at racetracks won $202.6 million in April, down 7.1 percent from $218.1 million in March, state police reported.
It was the fourth consecutive month of revenue drops for Louisiana casinos, which, for some time, had resisted economic pressure and enjoyed strong figures while markets such as Nevada and New Jersey experienced double-digit drops.
Mississippi casino winnings from January to April dropped 7.9 percent this year to $872.8 million from $947.8 million for the first four months of 2008. In Louisiana, the drop was much less: 1.5 percent to $864.9 million from $878.5 million.
Industry analysts said Indian reservation casinos are offering competition for Texas customers of casinos in the Shreveport-Bossier City area of northwest Louisiana. Indian-operated casinos in Florida also are stepping up competition for Mississippi Gulf Coast casinos that draw from eastern Gulf states.
Larry Gregory, executive director of the Mississippi Gaming Commission, said the results show regional, drive-to markets are faring much better during the recession than larger gambling meccas.
“People are just not hopping on a plane and going,” Gregory said.
Mississippi Gulf Coast casinos won $92.7 million last month, down from $101.9 million in March, while those along the Mississippi River took in $112.8 million, down from the March figure of $130.9 million.
“We’re still seeing the same amount of visitors, but they’re apparently not spending as much,” Gregory said.
In Louisiana, the Shreveport-Bossier City market, which has five riverboats and the Louisiana Downs track casino, took in $64.8 million last month, down from $69.4 million in April. The Lake Charles market, with three riverboats and the Delta Downs track casino, won $53 million, a slide from $58.1 million in March. Both markets are heavily dependent upon Texas gamblers.
The New Orleans market, which has two riverboats, the downtown casino and the Fair Grounds track casino, won $54 million in April, a fall from $58.4 million in March. The two riverboats in Baton Rouge won $17.9 million in April, a drop from March’s $18.8 million.
The single riverboat in the Morgan City area took in $4.4 million last month, down from $4.6 million in March. The Evangeline Downs track casino at Opelousas won $8.6 million in April, a dip from $8.7 million in March.
The two states’ figures do not include Indian reservation casinos, which are not required to publicly report winnings.
The slowdown in both states is cutting casino employment and delaying new casino projects.
According to the American Gaming Association, casino jobs fell 6 percent – or 1,830 – year in Mississippi to 28,740, while employment in Louisiana dropped 4.1 percent – or 740 jobs – to 17,268.
In Biloxi, Harrah’s Entertainment Inc. has put the $700 million Margaritaville Casino & Resort project on hold. In Louisiana, Pinnacle Entertainment Inc. has received five-month delays in its plans for two riverboat casino projects totaling $600 million for Lake Charles and Baton Rouge. In addition to a slowdown in play, casino companies find construction financing virtually impossible to get because of the national credit meltdown.
NEW ORLEANS (AP) – With the recession tightening gamblers’ wallets, Louisiana and Mississippi state-licensed casinos registered drops in wagering revenue in April.
Mississippi casinos recorded an 11.7 percent fall from $232.8 million in March to $205.4 million in April, the State Tax Commission reported Tuesday.
In Louisiana, riverboat casinos, Harrah’s downtown New Orleans casino and the four slot casinos at racetracks won $202.6 million in April, down 7.1 percent from $218.1 million in March, state police reported.
It was the fourth consecutive month of revenue drops for Louisiana casinos, which, for some time, had resisted economic pressure and enjoyed strong figures while markets such as Nevada and New Jersey experienced double-digit drops.
Mississippi casino winnings from January to April dropped 7.9 percent this year to $872.8 million from $947.8 million for the first four months of 2008. In Louisiana, the drop was much less: 1.5 percent to $864.9 million from $878.5 million.
Industry analysts said Indian reservation casinos are offering competition for Texas customers of casinos in the Shreveport-Bossier City area of northwest Louisiana. Indian-operated casinos in Florida also are stepping up competition for Mississippi Gulf Coast casinos that draw from eastern Gulf states.
Larry Gregory, executive director of the Mississippi Gaming Commission, said the results show regional, drive-to markets are faring much better during the recession than larger gambling meccas.
“People are just not hopping on a plane and going,” Gregory said.
Mississippi Gulf Coast casinos won $92.7 million last month, down from $101.9 million in March, while those along the Mississippi River took in $112.8 million, down from the March figure of $130.9 million.
“We’re still seeing the same amount of visitors, but they’re apparently not spending as much,” Gregory said.
In Louisiana, the Shreveport-Bossier City market, which has five riverboats and the Louisiana Downs track casino, took in $64.8 million last month, down from $69.4 million in April. The Lake Charles market, with three riverboats and the Delta Downs track casino, won $53 million, a slide from $58.1 million in March. Both markets are heavily dependent upon Texas gamblers.
The New Orleans market, which has two riverboats, the downtown casino and the Fair Grounds track casino, won $54 million in April, a fall from $58.4 million in March. The two riverboats in Baton Rouge won $17.9 million in April, a drop from March’s $18.8 million.
The single riverboat in the Morgan City area took in $4.4 million last month, down from $4.6 million in March. The Evangeline Downs track casino at Opelousas won $8.6 million in April, a dip from $8.7 million in March.
The two states’ figures do not include Indian reservation casinos, which are not required to publicly report winnings.
The slowdown in both states is cutting casino employment and delaying new casino projects.
According to the American Gaming Association, casino jobs fell 6 percent – or 1,830 – year in Mississippi to 28,740, while employment in Louisiana dropped 4.1 percent – or 740 jobs – to 17,268.
In Biloxi, Harrah’s Entertainment Inc. has put the $700 million Margaritaville Casino & Resort project on hold. In Louisiana, Pinnacle Entertainment Inc. has received five-month delays in its plans for two riverboat casino projects totaling $600 million for Lake Charles and Baton Rouge. In addition to a slowdown in play, casino companies find construction financing virtually impossible to get because of the national credit meltdown.
Friday, August 14, 2009
Last Supper for James Cofer EdD this Saturday
When the parents of the meager number of 2009 Summer graduates of ULM enter Fant-Ewing Coliseum, they will greeted by an extra chair on the head stage for Her Highness the Commissioner of Higher Education, Sally Clausen EdD ($377,000 salary). Seems she called at the last second demanding a place.
The last time Sally came for a tête-à-tête with a president at ULM it was Lawson Swearingen, Jr. JD. During their private din-din in the Tower of Power, she lowered the sword of Damocles on Swearingen. He was gone in a few months after, although half of his salary was still paid from the ULM operating budget until last year.
This time Sally is coming to sup with James Cofer Ed.D ($252,886 salary on the table), and the odds are very good that they won’t be talking about the mostly women faculty and staff assassinated this summer by him and his Gang of Four; nor will they be discussing the myriad of successful academic programs he and the Gang of Four have killed; nor will they be talking about the miserable failure of his athletic programs.
No one in the legislature or the boards of higher education and control really cares a wit about faculty, staff, academic programs, or students for that matter. Sally and Jim will be talking about the $80,000,000 in debt that Cofer has saddled the state with for the construction of “dormitories.”
You see up to now Cofer has only been paying a smidgen of the interest on this money from the ULM budget. This school year he has to start paying all the interest and when the final domino falls in a couple of years he will have to pay the principal too. For a school with enrollment levels being maintained by concurrently enrolled high school students who do not occupy dormitories, where is the money going to come from?
So Saturday Jimmy will be served his last supper a la Swearingen by Sally and Airmark Inc. Sayonara Jimmy Boy.
The last time Sally came for a tête-à-tête with a president at ULM it was Lawson Swearingen, Jr. JD. During their private din-din in the Tower of Power, she lowered the sword of Damocles on Swearingen. He was gone in a few months after, although half of his salary was still paid from the ULM operating budget until last year.
This time Sally is coming to sup with James Cofer Ed.D ($252,886 salary on the table), and the odds are very good that they won’t be talking about the mostly women faculty and staff assassinated this summer by him and his Gang of Four; nor will they be discussing the myriad of successful academic programs he and the Gang of Four have killed; nor will they be talking about the miserable failure of his athletic programs.
No one in the legislature or the boards of higher education and control really cares a wit about faculty, staff, academic programs, or students for that matter. Sally and Jim will be talking about the $80,000,000 in debt that Cofer has saddled the state with for the construction of “dormitories.”
You see up to now Cofer has only been paying a smidgen of the interest on this money from the ULM budget. This school year he has to start paying all the interest and when the final domino falls in a couple of years he will have to pay the principal too. For a school with enrollment levels being maintained by concurrently enrolled high school students who do not occupy dormitories, where is the money going to come from?
So Saturday Jimmy will be served his last supper a la Swearingen by Sally and Airmark Inc. Sayonara Jimmy Boy.
Sunday, June 28, 2009
Gambling Bills in the 2009 Louisiana Legislature
Monroe, LA: There were 13 gambling bills submitted to the 2009 Louisiana Legislative Session: SB 192, SCSR1, HB123, HB124, HB361, HB844, SB192, HB596, HB635, HB714, HB844, HB886, and SB188 excluding HB1, HB2 and HB881 that referenced gambling. The greatest number submitted involved riverboats (6), next was video poker (4), and last was video bingo (3).
SB188 by Alario expands the use of revenues produced from the gaming fee collected by Jefferson Parish from riverboat gaming (gov.sig) and included a special one-time expenditure not to exceed one million dollars to provide for construction, repairs, or rehabilitation of storm-damaged properties for the towns for Grand Isle and Lafitte was signed by the governor. HB361 by Templet amends provisions of the law regarding designated representatives (requires a video poker licensee to obtain conviction records of a job applicant to determine if the applicant meets the suitability requirements provided for in Subsection A, whatever) was signed by the governor. HB124 by Wooten for truck stop video poker was sent to the governor.
HB714 by Norton, HB596 by Williams, HB635 by Kleckley, HB886 by Williams, SB192 by Long and HB 844 by G. Smith failed to get out of committee or were voted down in the House. SCSR1 by Long is interesting because it authorizes a study of the impact of video bingo in Louisiana and the effect on the charitable organizations that receive a portion of the proceeds. Apparently this was a dump of SB192 which would have prohibited video bingo in parishes that outlawed video poker.
SB188 by Alario expands the use of revenues produced from the gaming fee collected by Jefferson Parish from riverboat gaming (gov.sig) and included a special one-time expenditure not to exceed one million dollars to provide for construction, repairs, or rehabilitation of storm-damaged properties for the towns for Grand Isle and Lafitte was signed by the governor. HB361 by Templet amends provisions of the law regarding designated representatives (requires a video poker licensee to obtain conviction records of a job applicant to determine if the applicant meets the suitability requirements provided for in Subsection A, whatever) was signed by the governor. HB124 by Wooten for truck stop video poker was sent to the governor.
HB714 by Norton, HB596 by Williams, HB635 by Kleckley, HB886 by Williams, SB192 by Long and HB 844 by G. Smith failed to get out of committee or were voted down in the House. SCSR1 by Long is interesting because it authorizes a study of the impact of video bingo in Louisiana and the effect on the charitable organizations that receive a portion of the proceeds. Apparently this was a dump of SB192 which would have prohibited video bingo in parishes that outlawed video poker.
Friday, June 19, 2009
Cofer On Clausen's Hit List
Monroe-The rumor mill is repeatedly reporting that James Cofer's ($252,886/yr on-the-table President of the Local University) employment contract will not be renewed. This time they are coming from Dr. Sally Clausen's Regents Headquarters in Baton Rouge. Well placed sources say Cofer will be replaced on an interim basis by Clausen's long-time friend and the Vice President of Student Affairs, Wayne Brumfeld. Perhaps that explains why Cofer was nowhere near Piyushi Jindal's press conference on the V-Vehicle last Wednesday, June 17, 2009.
The Gamblers Never Sleep
Monroe-The Monroe Downtown Development group currently run by city employee Myra Gatling held a triple-secret meeting yesterday, June 18, 2009 at Wayne Williamson's Office, WilStaff. Revealed at the meeting was a revised plan by Wayne Williamson, devoted member of First Baptist Church of West Monroe, to bring a gambling boat to Monroe. This time it's the Isle of Capris from Shreveport. During the meeting Mr. Williamson, who is reportedly mending fences with his current wife, stated flatly that every elected official was in favor of his idea except State Senator Bob Kostelka. Williamson said also that he planned to have the legislation that exempted the Ouachita River from the list of navigable waterways in Louisiana and written by former Speaker of the House Jim Dimos declared unconstitutional. That would lower the flood gates so to speak for high stakes gambling in Monroe.
Wednesday, June 17, 2009
V-Vehicle: Smoke and Mirrors So Far
East Ouachita Parish-Piyush Jindal showed up at the old Guide Plant today around 11:30 am to announce that the taxpayers of Louisiana and these United States would be paying $82, 000,000 real dollars to GNF Architechs and Gray Construction to remodel the plant and to build a new one beside it to manufacture an as of yet undiscribed concept car called the v-vehicle, in three years!
Friends this is the new economic investment model. The State of Louisiana and these United States of America builds a turnkey-ready company and hands it over to a private investment group for about 10 cents on the dollar.
Does this remind you at all of the Alaskan bridge to nowhere? The Louisiana bridge to nowhere? A pig in the poke is what we used to call it. Betting on the come is another phrase for it. Most recently build it and they will come covers it.
Shades of there’s a sucker born every minute. What is it granddad used to say, “If it sounds too good to be true; it is” The last person to offer turnkey businesses was EWE: the gambling boats and the nursing homes. He’s still in jail. So who is going to jail on this deal? It won’t be the concept peddlers from San Diego, that’s in California you all.
Friends this is the new economic investment model. The State of Louisiana and these United States of America builds a turnkey-ready company and hands it over to a private investment group for about 10 cents on the dollar.
Does this remind you at all of the Alaskan bridge to nowhere? The Louisiana bridge to nowhere? A pig in the poke is what we used to call it. Betting on the come is another phrase for it. Most recently build it and they will come covers it.
Shades of there’s a sucker born every minute. What is it granddad used to say, “If it sounds too good to be true; it is” The last person to offer turnkey businesses was EWE: the gambling boats and the nursing homes. He’s still in jail. So who is going to jail on this deal? It won’t be the concept peddlers from San Diego, that’s in California you all.
Friday, June 12, 2009
Walter Abbott Announces A New Lincoln Parish Political Blog
Long-time anti-gambling force in Louisiana, Walter Abbott, has announced the formation of a new political blog in Lincoln Parish Louisiana. He says he will cover city council meetings, police jury meetings, Sparta aquifer meetings, Louisiana Tech public relations bashes, and the like. He will be a healthy competitor for John Hays, Publisher of the Morning Paper. Good luck Walter!
Cofer Secretly Applies For Another Job Away From North Monroe
BREAKING NEWS-COFER SECRETLY APPLIES TO BE COMMISIONER OF EDUCATION IN MISSISSIPPI
Cofer has done it again, applied for yet another job in higher education, commissioner of education in Mississippi. He probably only told one person in north Monroe that he had applied, the chairman of the University Foundation whose step-son he has given a $100,000 plus salary while he is dismissing tenured faculty left and right. And guess what, he didn’t get the job. Cofer is now 0-3 in getting jobs away from north Monroe.
One little fact has leaked out about his application. Seems a retired Mississippi State University business professor showed up to talk with decision makers about Cofer getting the job and told them how Cofer had tried to use political influence to get his doctorate in business from Mississippi State. He didn’t get it though. He’s got and EdD from University of Arkansas Little Rock.
Oh, why did he tell the Chairmn of the University Foundation what he was up to, why so that chairman could go out and get him some more money from the Foundation account. And for what? Cofer promised when he got his current job he would increase enrollment to 10,000; it’s 8754 and ever falling; and he promised a 60% graduation rate. The American Enterprise Institute reports that his school has a graduation rate of 32%.
Cofer has done it again, applied for yet another job in higher education, commissioner of education in Mississippi. He probably only told one person in north Monroe that he had applied, the chairman of the University Foundation whose step-son he has given a $100,000 plus salary while he is dismissing tenured faculty left and right. And guess what, he didn’t get the job. Cofer is now 0-3 in getting jobs away from north Monroe.
One little fact has leaked out about his application. Seems a retired Mississippi State University business professor showed up to talk with decision makers about Cofer getting the job and told them how Cofer had tried to use political influence to get his doctorate in business from Mississippi State. He didn’t get it though. He’s got and EdD from University of Arkansas Little Rock.
Oh, why did he tell the Chairmn of the University Foundation what he was up to, why so that chairman could go out and get him some more money from the Foundation account. And for what? Cofer promised when he got his current job he would increase enrollment to 10,000; it’s 8754 and ever falling; and he promised a 60% graduation rate. The American Enterprise Institute reports that his school has a graduation rate of 32%.
Sunday, February 22, 2009
February 20, 2009 (Ran In www.thenewsstar.com February 22, 2009)
Dear Editor:
Presidential candidate Jindal has announced that he might not take the federal stimulus money available for Louisiana; yet at the same time Mr. Jindal announces that Louisiana is nearly $2,000,000,000 in debt. Clearly Mr. Jindal is not concerned about the people who elected him to office. Mr. Jindal is more concerned about attracting a perceived national voting base important only to someone running for president.
Mr. Jindal came into office with a $2.000.000.000 surplus. Where has all the money gone? Mr. Gingrich one of his presidential campaign managers states on national television that Mr. Jindal is doing a wonderful job; that in spite of the difficult economic times Mr. Jindal has created new jobs in Louisiana. But the only jobs Mr. Jindal has created are 4,500 state jobs. So much for capitalism.
First of all Mr. Jindal has never held a real job. He has lived off of taxpayer’s money from start to finish: first for Congressman McCrery, then for Governor Foster, then for Senator Breaux, then as a Congressman, and now as a Governor. Mr. Jindal has never received a real check and never paid any real income taxes. A word for someone like Mr. Jindal is opportunist
If you want to see your governor Louisiana, then you had better be in North Carolina, Virginia, Iowa, Texas, Arkansas, or Florida. And you had better bring money!
Dear Editor:
Presidential candidate Jindal has announced that he might not take the federal stimulus money available for Louisiana; yet at the same time Mr. Jindal announces that Louisiana is nearly $2,000,000,000 in debt. Clearly Mr. Jindal is not concerned about the people who elected him to office. Mr. Jindal is more concerned about attracting a perceived national voting base important only to someone running for president.
Mr. Jindal came into office with a $2.000.000.000 surplus. Where has all the money gone? Mr. Gingrich one of his presidential campaign managers states on national television that Mr. Jindal is doing a wonderful job; that in spite of the difficult economic times Mr. Jindal has created new jobs in Louisiana. But the only jobs Mr. Jindal has created are 4,500 state jobs. So much for capitalism.
First of all Mr. Jindal has never held a real job. He has lived off of taxpayer’s money from start to finish: first for Congressman McCrery, then for Governor Foster, then for Senator Breaux, then as a Congressman, and now as a Governor. Mr. Jindal has never received a real check and never paid any real income taxes. A word for someone like Mr. Jindal is opportunist
If you want to see your governor Louisiana, then you had better be in North Carolina, Virginia, Iowa, Texas, Arkansas, or Florida. And you had better bring money!
Saturday, February 7, 2009
Dear Editor:
Well there he goes again; Governor Jindal flew off for two days to North Carolina. While Louisiana “burns” up in debt, Governor Jindal goes off a “fiddling” around for presidential campaign contributions in Charlotte and Raleigh/Durham. What will it take to get our governor.to sit at our desk and work day in and day out to turn our economy around?
For example, it seems there is a company, NUCOR, in North Carolina that was considering building a steel manufacturing plant in Louisiana. It would seem logical to visit North Carolina to seal the deal and get NUCOR to come to Louisiana. But logic is not politic. Now it has been reported that NUCOR will probably go to Brazil instead.
A KNOE straw poll taken after the governor’s junket was reported by the AP showed that well over 60% of those voting thought Governor Jindal should not have made the trip. The last time polls were that bad was when Governor Jindal went AWOL on the legislative pay raises. Maybe Governor Jindal will stop all the gallivanting around for the same reason he stopped the pay raise, his election poll numbers are tanking.
Well there he goes again; Governor Jindal flew off for two days to North Carolina. While Louisiana “burns” up in debt, Governor Jindal goes off a “fiddling” around for presidential campaign contributions in Charlotte and Raleigh/Durham. What will it take to get our governor.to sit at our desk and work day in and day out to turn our economy around?
For example, it seems there is a company, NUCOR, in North Carolina that was considering building a steel manufacturing plant in Louisiana. It would seem logical to visit North Carolina to seal the deal and get NUCOR to come to Louisiana. But logic is not politic. Now it has been reported that NUCOR will probably go to Brazil instead.
A KNOE straw poll taken after the governor’s junket was reported by the AP showed that well over 60% of those voting thought Governor Jindal should not have made the trip. The last time polls were that bad was when Governor Jindal went AWOL on the legislative pay raises. Maybe Governor Jindal will stop all the gallivanting around for the same reason he stopped the pay raise, his election poll numbers are tanking.
Friday, January 16, 2009
U.S. States Losing Bets On Casinos, Other Gambling
from my friend ms. berlin:
U.S. states losing bets on casinos, other gambling01.15.09, 05:09 PM EST By Karen Pierog and Jim Christie CHICAGO/SAN FRANCISCO, Jan 15 (Reuters) - A number of U.S. states this decade bet the house on winning a share of legalized gambling's swelling jackpot. Industry revenues reached $91 billion in 2006, the latest year for which data is available from the American Gaming Association, thanks to a spree of casino openings beyond Nevada and New Jersey, states that long ago opted to sanction casinos. But with the U.S. economy in a year-long recession and consumers hoarding cash should hard times continue, casinos may no longer prove cash cows for state coffers -- as Kansas can attest. Kansas enacted a law for the first state-owned casinos in the U.S. in April, 2007, betting that $200 million could be raised annually for debt reduction, capital improvements and property tax relief. Now nearly two years later, private casino developers such as Penn National Gaming, LLC, and International Speedway Corp have dropped their plans for three out of the four casino sites, citing ailing economic conditions world wide. The Kansas Lottery, which is overseeing the state's foray into gambling, has reopened the bidding process but Keith Kocher, the state's gaming facilities director, doubts Kansas will meet the $200 million estimate. 'We feel certain we'll have bidders but probably for more scaled-down projects than before,' he said. With the U.S. economy in recession, consumers are reining in spending, including dollars many would have feverishly gambled in better times. States that had bet on the casino boom earlier this decade helping fill their coffers may be in store for a losing streak. 'This is not a long-term budget balancer,' said Robert Ward, deputy director of the Rockefeller Institute, which studies state and local government. 'There is a danger that the big growth period (for casinos) may be coming to an end.' ILLINOIS CASINO BIDS MISS TARGET In Illinois, officials had planned on pulling in $575 million from the sale of the state's long-dormant 10th casino license to help balance its fiscal 2009 budget, which is at least $2 billion in the red. But none of the three bidder finalists offered that much and the Illinois Gaming Board last month tapped the lowest bidder, Midwest Gaming & Entertainment LLC. It bid $125 million for a casino in the Chicago suburb of Des Plaines, along with a pledge of $10 million annually over 30 years. None of that money is expected to flow to the state in time to help the current budget, according to a legislative financial commission. Meanwhile, state tax revenue from the nine existing casinos dropped 32 percent to $46 million in December compared to $67.6 million in December 2007. California is likewise collecting weaker-than-expected revenue from the state's Indian casinos. Gov. Arnold Schwarzenegger early in his administration touted tribal casinos as an important source of new revenue for the state government. Today, however, tribal leaders fear hard times are in store for their casinos. One tribe recently wrote to Schwarzenegger to inform him it would halt an expansion of its gambling operations, which had held the promise of additional revenue for the state. 'Tribal casinos and other casinos nationwide are experiencing a lot of issues with relation to the pullback in consumer spending,' said Jason Dickerson, gambling policy analyst at the California Legislative Analyst's Office. 'There seems to be a broad consumer pullback on gambling,' Dickerson said. 'There was among some a view that casino gambling was this endless source of revenue that would never stop growing. But what we've seen in this recession is that that's just not true.' The recession has also deflated expectations in Ohio, where the state introduced Keno in August to raise money for primary and secondary schools. So far the wagering game has generated $45.6 million in sales, raising about $11.4 million for education. That is below projections it would achieve $292 million in sales its first full year with $73 million earmarked for schools. 'Those initial projections are high considering what the economy is at this point,' said Marie Kilbane, a spokeswoman for the Ohio Lottery. (Reporting by Karen Pierog in Chicago and Jim Christie in San Francisco, Editing by Chizu Nomiyama) Keywords: MUNICIPALS CASINOS/ (karen.pierog@thomsonreuters.com; 1 312 408 8647; Reuters Messaging: karen.pierog.reuters.com@reuters.net)Copyright Thomson Reuters 2009. All rights reserved.
U.S. states losing bets on casinos, other gambling01.15.09, 05:09 PM EST By Karen Pierog and Jim Christie CHICAGO/SAN FRANCISCO, Jan 15 (Reuters) - A number of U.S. states this decade bet the house on winning a share of legalized gambling's swelling jackpot. Industry revenues reached $91 billion in 2006, the latest year for which data is available from the American Gaming Association, thanks to a spree of casino openings beyond Nevada and New Jersey, states that long ago opted to sanction casinos. But with the U.S. economy in a year-long recession and consumers hoarding cash should hard times continue, casinos may no longer prove cash cows for state coffers -- as Kansas can attest. Kansas enacted a law for the first state-owned casinos in the U.S. in April, 2007, betting that $200 million could be raised annually for debt reduction, capital improvements and property tax relief. Now nearly two years later, private casino developers such as Penn National Gaming, LLC, and International Speedway Corp have dropped their plans for three out of the four casino sites, citing ailing economic conditions world wide. The Kansas Lottery, which is overseeing the state's foray into gambling, has reopened the bidding process but Keith Kocher, the state's gaming facilities director, doubts Kansas will meet the $200 million estimate. 'We feel certain we'll have bidders but probably for more scaled-down projects than before,' he said. With the U.S. economy in recession, consumers are reining in spending, including dollars many would have feverishly gambled in better times. States that had bet on the casino boom earlier this decade helping fill their coffers may be in store for a losing streak. 'This is not a long-term budget balancer,' said Robert Ward, deputy director of the Rockefeller Institute, which studies state and local government. 'There is a danger that the big growth period (for casinos) may be coming to an end.' ILLINOIS CASINO BIDS MISS TARGET In Illinois, officials had planned on pulling in $575 million from the sale of the state's long-dormant 10th casino license to help balance its fiscal 2009 budget, which is at least $2 billion in the red. But none of the three bidder finalists offered that much and the Illinois Gaming Board last month tapped the lowest bidder, Midwest Gaming & Entertainment LLC. It bid $125 million for a casino in the Chicago suburb of Des Plaines, along with a pledge of $10 million annually over 30 years. None of that money is expected to flow to the state in time to help the current budget, according to a legislative financial commission. Meanwhile, state tax revenue from the nine existing casinos dropped 32 percent to $46 million in December compared to $67.6 million in December 2007. California is likewise collecting weaker-than-expected revenue from the state's Indian casinos. Gov. Arnold Schwarzenegger early in his administration touted tribal casinos as an important source of new revenue for the state government. Today, however, tribal leaders fear hard times are in store for their casinos. One tribe recently wrote to Schwarzenegger to inform him it would halt an expansion of its gambling operations, which had held the promise of additional revenue for the state. 'Tribal casinos and other casinos nationwide are experiencing a lot of issues with relation to the pullback in consumer spending,' said Jason Dickerson, gambling policy analyst at the California Legislative Analyst's Office. 'There seems to be a broad consumer pullback on gambling,' Dickerson said. 'There was among some a view that casino gambling was this endless source of revenue that would never stop growing. But what we've seen in this recession is that that's just not true.' The recession has also deflated expectations in Ohio, where the state introduced Keno in August to raise money for primary and secondary schools. So far the wagering game has generated $45.6 million in sales, raising about $11.4 million for education. That is below projections it would achieve $292 million in sales its first full year with $73 million earmarked for schools. 'Those initial projections are high considering what the economy is at this point,' said Marie Kilbane, a spokeswoman for the Ohio Lottery. (Reporting by Karen Pierog in Chicago and Jim Christie in San Francisco, Editing by Chizu Nomiyama) Keywords: MUNICIPALS CASINOS/ (karen.pierog@thomsonreuters.com; 1 312 408 8647; Reuters Messaging: karen.pierog.reuters.com@reuters.net)Copyright Thomson Reuters 2009. All rights reserved.
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