New Hampshire needs revenue.
This is a quote below from the American Gaming Association website. Notice the revenues and business outside Las Vegas, Nevada. Especially Iowa and Missouri.
In his response below Mr. Naile decries casino gaming because of his experience in Chippewa Falls. Apparantly, he does not like the existence of pawn shops. I have news for Mr. Naile! Perhaps he should spend some time in his own state because there are pawn shops here! And I'm confident that they are doing better financially than in the states that have legalized casino gaming.
I'm hopeful that if casino gaming legislation does move forward this session. That facts like Iowa and Missouri will come forward. Imagine what New Hampshire would be like if state government actually had some money available to pay for things that this state needs. Instead of a discussion about where to cut or who will get laid off. I think New Hampshire could be the Dubai of New England.
"Casinos elsewhere, though, are outperforming 2008 projections. In Pennsylvania, Philadelphia Park Casino was projected to earn $297 million annually, but it just completed its first full year with $325 million. The nearby Harrah’s Chester Casino earned $332 million, nearly $100 million more than expected. Likewise, gaming revenues in Iowa have increased throughout 2008. Second-quarter revenues were up 7.5 percent from last year. And in August – aided, in part, by an additional weekend – Iowa gaming revenues climbed 5.4 percent. Casinos in Missouri, too, have experienced consistent growth in 2008. Throughout the first half of the year, they earned more than $427.5 million, up more than 5 percent from the same period last year.
The news is mixed in New Jersey and Mississippi, although both states are weathering the economic storm slightly better than Nevada in recent months. In Atlantic City, casinos reported $468.3 million in wins last month, a .7 percent increase over August 2007 wins, which is most likely attributable to the same extra weekend in August that boosted Iowa’s numbers. Overall gaming revenues in New Jersey are down in 2008, partially due to smoking bans in Atlantic City and competition from neighboring casinos in Pennsylvania (Read more about the effects of smoking bans on casino revenue). Similarly, Mississippi casinos have registered relatively flat revenues throughout the year, earning $238.1 million last month, $1.2 million less thanAugust 2007 winnings. However, gross gaming revenues from Mississippi’s Gulf Coast casinos have exceeded pre-Katrina levels for much of the year."
Source: American Gaming Association.