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Guam: Slot Proponents Pitch Jobs

19 September 2006

GUAM -- As reported by the (Guam) Pacific Daily News: "If Guam voters approve of legalizing slot machines at the Guam Greyhound, the racetrack would create '500 or more jobs,' the racetrack's owner, John Baldwin, said yesterday.

"At a press conference, Baldwin also said the racetrack would start with 200 slot machines, if given voter approval in the Nov. 7 General Election.

"Based on those estimates, the racetrack would then be creating more than two jobs for every slot machine unit at the racetrack.

"...At a possible initial gross gaming revenue of $20 million a year, the racetrack could possibly create 242 jobs...

"...The initiative to legalize slots at the racetrack proposes a 10 percent annual tax on slots revenue.

"...The Guam Greyhound has stated it will not operate casino-type gambling, and that it will limit itself to slots..."

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