buckeyemike Posted November 5, 2009 Share Posted November 5, 2009 Linky What this means is that Mountaineer, Wheeling Island, and the Detroit/Windsor casinos will lose about a third of their business. Two of the casinos will be run by Cavaliers owner Dan Gilbert, who makes money on just about everything he touches. They will probably be running in about 2 1/2 to 3 years. Lots of money for Gilbert (who probably will need it if LeBron James stays, which I think he will), but the state is charging way too little for the licenses...$50 million for each. Indiana, for example, charges $250 million. Per casino. This is an opportunity for some to make a whole lot...and others to make a little, with the jobs and all. I'm usually ambivalent about casinos, but after examining the issue, I see why this one passed (too much being lost to other states). Link to comment Share on other sites More sharing options...
Steely Dan Posted November 5, 2009 Share Posted November 5, 2009 I'm surprised casino ownership isn't against NBA rules. DeBartolo had to divest himself of all of his gambling ties and was suspended by the league from running his team, IIRC. Link to comment Share on other sites More sharing options...
/dev/null Posted November 5, 2009 Share Posted November 5, 2009 I'm surprised casino ownership isn't against NBA rules. DeBartolo had to divest himself of all of his gambling ties and was suspended by the league from running his team, IIRC. The difference between Gilbert and Debartelo is Gilbert's gambling is legal and Uncle Sam gets his cut. Debartelo's gambling was illegal and Uncle Sam's cut was taken by Godfather Vito It's all a matter of who's palm gets greased Link to comment Share on other sites More sharing options...
Steely Dan Posted November 5, 2009 Share Posted November 5, 2009 The difference between Gilbert and Debartelo is Gilbert's gambling is legal and Uncle Sam gets his cut. Debartelo's gambling was illegal and Uncle Sam's cut was taken by Godfather Vito It's all a matter of who's palm gets greased IIRC, DeBartolo's gambling was owning River Boats that have gambling. I thought those were legal. Link to comment Share on other sites More sharing options...
Nanker Posted November 5, 2009 Share Posted November 5, 2009 IIRC, DeBartolo's gambling was owning River Boats that have gambling. I thought those were legal. linky thingy Link to comment Share on other sites More sharing options...
Bishop Hedd Posted November 5, 2009 Share Posted November 5, 2009 Linky What this means is that Mountaineer, Wheeling Island, and the Detroit/Windsor casinos will lose about a third of their business. Two of the casinos will be run by Cavaliers owner Dan Gilbert, who makes money on just about everything he touches. They will probably be running in about 2 1/2 to 3 years. Lots of money for Gilbert (who probably will need it if LeBron James stays, which I think he will), but the state is charging way too little for the licenses...$50 million for each. Indiana, for example, charges $250 million. Per casino. This is an opportunity for some to make a whole lot...and others to make a little, with the jobs and all. I'm usually ambivalent about casinos, but after examining the issue, I see why this one passed (too much being lost to other states). It also means I'll be seeing a lot less Browns jerseys in Niagara Falls. Link to comment Share on other sites More sharing options...
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