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Thread: Casino

  1. #16
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    I understand there is plenty of money for the schools. My point is the money that we pay in taxes for schools gets allocated to other stuff because they now have the casino money. It’s not benefit to us the taxpayer. I live where we have casinos.

  2. #17
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    Quote Originally Posted by Riverman View Post
    Just look at some of the high schools. They are starting to look like Universities.
    The Camdenton R-III school district is a prime example of this. 70% of the homes in Camden County are owned by second home owners that canít vote. They have really taken advantage of the situation. Should the OTC thing pass it will get far worse in the future.
    The Camdenton School District has voted to place a measure on the ballot that would eventually raise taxes for those living in the Camdenton School District for Ozarks Technical Community College (OTC). More empire building.
    Camdenton already has one of the highest cost per student in the state. Their cost per student at $10,938 is $1,458 higher than the average cost per student of the other schools in their conference, $9,480. With Camdentonís 4,240 students that equates to $6,181,920!

    Another very important FACT not to miss...the Camdenton School Board voted to place this issue on the ballot, and this will annex our school district into a REGIONAL TAXING DISTRICT. We become part of a massive taxing district that will all vote on what the overall OTC tax will be for EVERY district. That means 17 different school districts (as of right now) will be allowed to vote on this tax increase. This means if voters approve this, we will lose control of our tax dollars and big cities like Springfield can vote to raise our taxes here if they out number us.
    *Denotes schools in their conference
    School Expenditure per Student 2018
    St Charles $14,732
    Columbia $11,912
    *Camdenton RIII $10,938
    Wentzville R-IV $10,773
    Morgan R-II $10,559
    School of Osage $10,483
    CAPE GIRARDEAU 63 $10,461
    *Waynesville R-VI $10,455
    St Joe $10,296
    Warsaw $10,287
    Independence $10,253
    Marryville $10,220
    Warrensburg $10,175
    Jefferson City $10,146
    Booneville $10,099
    Kirksville $10,099
    Macks Creek $9,930
    Blue Springs $9,818
    Springfield RX-IIX $9,687
    RAYMORE-PECULIAR R-II $9,679
    Wheatland $9,352
    *Parkview $9,687
    *Central $9,687
    *Hillcrest $9,687
    *Glendale $9,687
    *Kickapoo $9,687
    *Rolla $9,286
    *West Plaines $9,267
    *Lebanon R-III $9,235
    Fulton $9,104
    Sedalia $9,023
    Nixa $8,985
    Stoutland $8,898
    Bolivar $8,882
    Morgan R-I $8,606
    NEOSHO $8,540
    *WEBB CITY $8,120
    Joplin $8,079

  3. #18
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    Just like if you own a building for a business and can’t vote.

  4. #19
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    Everything is sold as feeding the beast. I come to the lake to get away from the city. I dont need or want a casino at the lake.

  5. #20
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    Quote Originally Posted by Justfishing View Post
    Everything is sold as feeding the beast. I come to the lake to get away from the city. I dont need or want a casino at the lake.
    Well loto is big enough there is plenty of room. Go past party cove on the glaize arm and it gets very quiet

  6. #21
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    Quote Originally Posted by Justfishing View Post
    Everything is sold as feeding the beast. I come to the lake to get away from the city. I dont need or want a casino at the lake.
    X2 all though itís nice having more new business as we spend more time here. I donít think Casinos are the answer.

  7. #22
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    Fact of the matter is gaming is a big business and does bring in serious tax revenue for the local economies. I think it would be good for the LOTO economy and specifically the City of Lake Ozark revenue. That said, the proposed location isn't very exciting although it would help the strip area. Would be a better venue on LOTO.

  8. #23
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    I understand there is a group that wants to use a initiative petition instead of Rocky's legislative proposal.
    Unlike Rocky's it would open up an additional site over the current 13 allowed. They also have identified 6 locations 4 on the lake and 2 below the dam. That's what was discussed on KRMS.

  9. #24
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    I dont really like the idea. I come to the lake to get away from the city and things like casinos and chain restaurants.

    There wil not be a big influx of tax dollars, that isa big myth.

    It will drive a lot of small businesses under those that add to the unique of the lake.

    You will see an increase in embezzlement at small businesses. Most times the business will fail because of ittaking down the jobs of others. It litterally takes food off the table and clothes off kids backs. I have seen all of this. Casinos take more than they give.

  10. #25
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    Quote Originally Posted by Justfishing View Post
    I dont really like the idea. I come to the lake to get away from the city and things like casinos and chain restaurants.

    There wil not be a big influx of tax dollars, that isa big myth.

    It will drive a lot of small businesses under those that add to the unique of the lake.

    You will see an increase in embezzlement at small businesses. Most times the business will fail because of ittaking down the jobs of others. It litterally takes food off the table and clothes off kids backs. I have seen all of this. Casinos take more than they give.
    Where do you come up with these claims? I sure would like some substantiation to those claims? I am in the "negative income reaction" business, and have never seen any difference between a gaming area and any other type of business area. I especially am trying to understand the embezzlement and the taking other jobs? Isn't this where the increased expansion of jobs is perpetrated??? Not trying to sound like an ass, but those are some big claims that really need to be explained???
    B&B
    20.5 mm LOTO

  11. #26
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    Aug 2016
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    We have the riverboats acroos the river. Every so often astory pops up regarding a gambler that embellzed some pretty sizable amounts high 6 figure and 7 figure amounts. When itsdiscovered its usually 2 late for the business and people lose jobs.

    My brother was in the resturant biz at the time the river boats opened. It put the hurt on a lot of resturants, bars and small bussinesses

    I knew a woman that had a decent paying job dowtown , close to casinos. She always regalled with stories of her $100-500 winnings. Her house was paid for. She mortgaged the house and eventually lost it. She ended up moving in with her sister. There are countless stories of people losing more than they can afford. Affecting kids and marriages. But hey is good for taxes, right.

    We had one of the top 5 horse racing tracks before Iowa put in dog tracks and casinos. I dated a girl off and on for a long time. During horse race season if i was at their house during race season there was barely enough food, i would never be invited for dinner. Horse racing was seasonal, 3 months a year. It is a much slower pace like 10 races a day. Long time between races. With that same family when the horse season was over I would be invited to dinner if i was around or we would go out to eat and drink. They seemed to dress nicer too.

    First came the dog races. Year around, more races per day, shorter interval between races. Less socializing while waiting for a race.

    Then there was the supposed great economic and tax engine from dog racing in Iowa. Taxes didnt come down so then they opened the dog tracks to slot machines. Finally the river boats came. Now there are other casinos that are not dogtrack or riverboat. All in the name of more tax revenue.iowa does not have low taxes. Instead of local owned buiness you have large casinos shipping profits out of state while leaving social ills.

    I have been to the riverboats once, never to a dog track. The horse track , long closed, we would go once a year. Each couple throw in $10 and the group would pick a horse to show. Surprising how many winners you can get with blind luck.

    During horse season the crowdswould be 20-35k people. Buses from all over. Ks, mo min etc. You couldnt getinto a restaurant or find a hotel. The track funded a private areana. For a smal membership fee they brought in big name entertainers . Frank Sinatra, sammy, red skelton, elvis. All members got tickets.

    The knights of Aksarben bought fire and ambulance equipment for small towns in nebraska and iowa. This was with the proceeds of running the track.

  12. #27
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    Casino's always promise the world in tax money. However it ever seems to happen. I don't gamble but in the past I worked with people that did. When the boats came to KC I know people several lost everything that had great jobs.

  13. #28
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    Quote Originally Posted by bajaholic View Post
    Where do you come up with these claims? I sure would like some substantiation to those claims? I am in the "negative income reaction" business, and have never seen any difference between a gaming area and any other type of business area. I especially am trying to understand the embezzlement and the taking other jobs? Isn't this where the increased expansion of jobs is perpetrated??? Not trying to sound like an ass, but those are some big claims that really need to be explained???
    Look up the facts

  14. #29
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    I too have lived in a gaming area. Laughlin NV, (Barb helped open Harrahs). We also dealt with Casinos in Madison WI (Ho Chunk tribe) They also had WI Dells whom we worked with on an event. Ironically, we ended up taking them to court and won against them in both their Tribal and Supreme Court. We also dealt with tribal casinos in Northern WI.

    With this being said, There is no doubt there is a positive and a negative for any industry coming into an area. All I am saying gaming is really no different than any other industry.

    They increase revenue to the area by tax's sales and revenues from gaming, Lodging tax and increased personal tax by new and increased employees.There is also additional increase in spending to an area by those that visit and stay off property by adding additional businesses and the cycle continues.

    Embezzlement happens everyday in every business setting Casinos have nothing to do with this, It is the people, and they can be shady. Sit down for a drink with me sometime, I will tell you about all the cases we have worked over the years for employee theft and embezzlement. Trust me, if you knew how ramp-id it is, you would shit yourself!

    Businesses that don't compete or become complacent on the past, will never survive in change. Again... No different than any business coming to town.

    Biggest down side is generally the infrastructure is behind the growth... So even though the money is flowing, it is hard to see where it goes. AND many government leaders will use the revenues from the increase to fund pet projects, in other words it rarely gets back to where it was originally projected. Again it isn't because the revenues are not there it is because they are spent in different places.

    The closing of facilities. Look at the last cycle of Dog tracks and Horse facilities. PETA killed most of them... Look it up! The Casinos have also expanded exponentially over the years and due to competition have less of a return for any one area. But if you look at the big numbers (Combined regional or nationally) they are still increasing.

    Which brings me back to my original comment. Gaming is no different than any other industry. And I personally could care less, but it seems no matter what is coming into an area, no one wants it in their back yard. Yet our community continues to grow and we need to figure out a way to pay for it. (Infrastructure)

    And I agree, Look up the actual facts... And compare casinos compared to any other increased area due to a new large employer coming to town. You will be surprised on how what is perceived is not actually what has gone on.

    Personally I would like to hear some ideas on how to make that happen. I have spent a career chasing failed entities and bet on the futures through growth... Trust me, I know how they fail, why they fail and what happens after they fail. I also see those that have succeeded and increase over the years. I personally am still trying to level out the risk vs return, But I have put my money where my mouth is and am helping move LOTO to the next step.. What can you do to help?
    B&B
    20.5 mm LOTO

  15. #30
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    Over about a 20 year period, a gal stole about $5M out of a local business. It was a small business where she was able to both approve and write checks (shame on the business for not have better checks and balances). Bottom line is that she is now in prison in Arizona and she sends them a check every month for something like 20 bucks (a percentage of what she makes) for restitution. 100% of the money was gambled away.

    If there was not a "local" casino would it have happened? Probably not.

    Frankly, if we are to have them, I think that anybody should be able to, as long as laws are followed. Our current process picks winners and losers. The winners get to build casinos (while donating to the politicians that approve them). Let casinos compete in the market just like any other business. If you have the required capital and zoning laws are met, what the hell, build a casino. Let have hundreds of them. Just like any market, an equilibrium would be found and the "right" number would be found. Some would prosper, many would go broke.

    I can see both sides of the argument very well, but the cows are out of the barn.

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