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Schenectady is the Casino winner (or loser)
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Box A Rox
December 17, 2015, 7:57pm Report to Moderator

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Trump Plaza opened on May 15, 1984.  On September 16, 2014, Trump Plaza Hotel and Casino closed,
putting 1,000 employees out of work.


The modern conservative is engaged in one of man's oldest exercises in moral
philosophy; that is, the search for a superior moral justification for selfishness.

John Kenneth Galbraith

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MOONGLOW
December 20, 2015, 12:33am Report to Moderator
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Quoted from HarryP
No. 12 – Revel Casino*, Atlantic City, N.J.

How Much Has Been Spent: $2.4 billion
Why It's a Boondoggle: The casino was supposed to be a symbol of a revitalized Atlantic City casino scene, but instead ended up being it's biggest disaster. It opened in 2012, never made a profit and was sold off in 2015 for about $82 million – a $2.3 billion loss.

This photo with the "Capsized" boat in the foreground is a most appropo metaphor for the casino industry.   A capsized future?

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MOONGLOW
December 20, 2015, 12:38am Report to Moderator
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Many  positive numbers are being bandied about related to the casino.   How are these numbers arrived at?   How are we to believe them, for we do not have access to the books.   Much like State/Federal accounting ledgers.   And with the tax reduction in property taxes will any deficit in the budget caused by this reduction, be made up with an increase in fees elsewhere (trash fee,licenses,permits,) etc?    We shall see won't we.
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DemocraticVoiceOfReason
December 20, 2015, 8:20am Report to Moderator

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I still believe that if society through our elected government thinks that it is OK for a handful of casinos to built in the state than gambling should be made legal EVERYWHERE in the state and that anyone should be able to get a license to have slot machines or other games.  


George Amedore & Christian Klueg for NYS Senate 2016
Pete Vroman for State Assembly 2016[/size][/color]

"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground."
Lyndon Baines Johnson
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MOONGLOW
December 20, 2015, 4:13pm Report to Moderator
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I still believe that if society through our elected government thinks that it is OK for a handful of casinos to built in the state than gambling should be made legal EVERYWHERE in the state and that anyone should be able to get a license to have slot machines or other games.  
I agree.   But if this was so then the $ profited could not be funneled into the "chosen ones".

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mikechristine1
December 20, 2015, 4:15pm Report to Moderator
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Quoted from MOONGLOW
Many  positive numbers are being bandied about related to the casino.   How are these numbers arrived at?   How are we to believe them, for we do not have access to the books.   Much like State/Federal accounting ledgers.   And with the tax reduction in property taxes will any deficit in the budget caused by this reduction, be made up with an increase in fees elsewhere (trash fee,licenses,permits,) etc?    We shall see won't we.


And of course the mayor claims that the taxes will be affected (lowered) for the 2017 budget.   WHAT A LOSER and IGNORAMUS this mayor (and is assessment department is).

IF the licenses are awarded tomorrow, remember that it was stated by Rush and Galesi that it will take 16 to 18 months to complete.  

That PROVES the mayor and his assessor are ignorant.   A 16 to 18 month time frame for completion means it a completion of the end of April 2017.  

The taxes fo00r the 2017 budget are determined by the tax base resulting from the final assessment roll dated July 1, 2016.  The final roll results from the tentative roll dated May 1, 2016 which is ONLY 4 months from now.   So unlike the mayor, his cheerleader, and his assessor, those of us with intelligence know that the casino will NOT be built by May 1, 2016.  And actually that tentative roll is based on the March 1 taxable status date.  Obviously the assessor and the mayor don't know what that date means.

The casino will take 16 to 18 months to complete which means a completion date of about May, June, or July of 2017 which is AFTER the March 1 taxable status date.  The March 1, 2018 taxable status date will result in it being placed on the tentative and final assessment roll for July 1, 2018 which will result in taxes not being affected until the 2019 calendar year city budget!


Optimists close their eyes and pretend problems are non existent.  
Better to have open eyes, see the truths, acknowledge the negatives, and
speak up for the people rather than the politicos and their rich cronies.
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joebxr
December 21, 2015, 7:37am Report to Moderator

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I still believe that if society through our elected government thinks that it is OK for a handful of casinos to built in the state than gambling should be made legal EVERYWHERE in the state and that anyone should be able to get a license to have slot machines or other games.  

REALLY??? So how would you regulate this (assuming you are not suggesting it not be regulated)?
How large would Government need to grow to manage regulation and what would the cost be to
taxpayers?  WELL????


JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!!  
JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!  
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MOONGLOW
December 21, 2015, 8:50am Report to Moderator
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The front page Gazette article for Monday furthers the case that the casino will  in all likelihood not get the positive numbers that the city/ developers are touting.   This in turn lays the groundwork for the casino in the future to ask for lowered assessments and/or lowered than promised payments to the city.   The city will in turn not be dissapointed in this scenario as the reasoning will be something is better than nothing (but in turn disregarding what was originally promised).   We shall see won't we.
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bumblethru
December 21, 2015, 9:55am Report to Moderator
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I still believe that if society through our elected government thinks that it is OK for a handful of casinos to built in the state than gambling should be made legal EVERYWHERE in the state and that anyone should be able to get a license to have slot machines or other games.  


agree. let gaming/casinos be just like any other capitalistic business!!
let the market decide who will survive and who won't....... AS LONG AS.....they use their own private funds and the government doesn't give them money thru FORCED TAXATION!!

FUNNY...but back in GE days...there was illegal gambling EVERYWHERE.....and they all did just fine WITHOUT any government involvement.

and some are still doing 'just fine' today!


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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Shadow
December 21, 2015, 12:23pm Report to Moderator
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Maybe the casino will become the next Proctors.
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joebxr
December 21, 2015, 1:14pm Report to Moderator

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Quoted from bumblethru


agree. let gaming/casinos be just like any other capitalistic business!!
let the market decide who will survive and who won't....... AS LONG AS.....they use their own private funds and the government doesn't give them money thru FORCED TAXATION!!

FUNNY...but back in GE days...there was illegal gambling EVERYWHERE.....and they all did just fine WITHOUT any government involvement.

and some are still doing 'just fine' today!

SERIOUSLY? There's a reason it was called ILLEGAL!!!!
In case you didn't notice, taxpayers received nothing from that gambling, either,
and a lot of people lost a lot of money because there was no regulation.
Guess this goes along with your similar less than thought involved post
on the Holiday DWI check points!


JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!!  
JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!  
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CICERO
December 21, 2015, 2:54pm Report to Moderator

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Quoted from joebxr

SERIOUSLY? There's a reason it was called ILLEGAL!!!!
In case you didn't notice, taxpayers received nothing from that gambling, either,
and a lot of people lost a lot of money because there was no regulation.
Guess this goes along with your similar less than thought involved post
on the Holiday DWI check points!


This could be your FUNNIEST post yet!!! LMAO!

Follow this bozos logic....
"In case you didn't notice, taxpayers received nothing from that gambling, either, and a lot of people lost a lot of money because there was no regulation".  
Did you see it?  Read it again...
"In case you didn't notice, taxpayers RECEIVED nothing from that gambling".  
Joey-joey-joey...I think what you MEANT to say, is that tax-COLLECTORS received nothing from that gambling.  Ya see. taxPAYERS don't receive anything, they ALWAYS PAY, hence the label of "taxpayer".  

See...Your concern about unlicensed gambling isn't about the taxpayers, you are concerned about the tax collectors not getting their cut.  Cutting the tax collector out of voluntary transactions between two people is the crime.

Yes, there is a reason it was called ILLEGAL - because the tax COLLECTOR wasn't getting their cut in the action.

Children selling lemonade at a roadside stand is "illegal" too.  It's because government bureaucrats aren't getting their dirty hands on a percentage of the sale and labor.


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joebxr
December 21, 2015, 3:16pm Report to Moderator

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Quoted from CICERO


This could be your FUNNIEST post yet!!! LMAO!

Follow this bozos logic....
"In case you didn't notice, taxpayers received nothing from that gambling, either, and a lot of people lost a lot of money because there was no regulation".  
Did you see it?  Read it again...
"In case you didn't notice, taxpayers RECEIVED nothing from that gambling".  
Joey-joey-joey...I think what you MEANT to say, is that tax-COLLECTORS received nothing from that gambling.  Ya see. taxPAYERS don't receive anything, they ALWAYS PAY, hence the label of "taxpayer".  

See...Your concern about unlicensed gambling isn't about the taxpayers, you are concerned about the tax collectors not getting their cut.  Cutting the tax collector out of voluntary transactions between two people is the crime.

Yes, there is a reason it was called ILLEGAL - because the tax COLLECTOR wasn't getting their cut in the action.  
NO DUMBA$$...I said what I meant. You are the one that distorts definitions and words....try putting on your
big boy pants and stop being the class jacka$$...but you are good at that, I must admit!



JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!!  
JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!  
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joebxr
December 21, 2015, 4:03pm Report to Moderator

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State approves license for $330 million Schenectady casino
http://www.bizjournals.com/alb.....ion-schenectady.html


JUST BECAUSE SISSY SAYS SO DOESN'T MAKE IT SO...BUT HE THINKS IT DOES!!!!!  
JUST BECAUSE MC1 SAYS SO DOESN'T MAKE IT SO!!!!!  
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DemocraticVoiceOfReason
December 21, 2015, 4:12pm Report to Moderator

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Quoted from joebxr

REALLY??? So how would you regulate this (assuming you are not suggesting it not be regulated)?
How large would Government need to grow to manage regulation and what would the cost be to
taxpayers?  WELL????


Nevada and Louisiana have legalized gambling for the entire state.  Anyone who wants to put a casino, slot machines, etc. in their hotel or other place of business has to get a licence through the state gambling commission/agency.  No one has accused Nevada nor Louisiana for having large governments.  Nevada has had state-wide legalized gambling since 1931 and it has brought in much revenue to the state and local governments during that time.  Never heard of taxpayers complaining that it cost them too much or anything to run.
Bottomline - it is the fairest way to run things.  If it is good enough for a half dozen or so groups of people to get a casino licence than it should be good enough for anyone - anywhere - in the state to run a gambling operation.  Let teh market determine who succeeds and where they succeed/


George Amedore & Christian Klueg for NYS Senate 2016
Pete Vroman for State Assembly 2016[/size][/color]

"For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest that is sleeping in the unplowed ground."
Lyndon Baines Johnson
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