SEARCH NEWS:

 

Some Nebraska Businesses Oppose Casinos

OMAHA, Nebraska – As reported by the Associated Press: "…As Nebraskans vote Nov. 2 on two ballot proposals that would allow casino gambling in the state, they will have to consider that it could present a problem for some businesses while becoming a potential boon for state and local tax revenue.

"For example, the Soaring Eagle Casino and Resort run by the Saginaw Chippewa Tribe has brought tax revenue and people to Mount Pleasant in central Michigan.

"…Many businesses in Nebraska -- including The Gallup Organization, some banks, grocery stores and even billionaire investor Warren Buffett -- have stated their opposition to casino gambling.

"…Proponents argue that casinos bring in millions of dollars in new tax revenue, provide hundreds of jobs and fuel business for local shop owners. Nebraska already is losing money, they say, because people from the Cornhusker state travel to gamble in casinos in Iowa, South Dakota and Missouri.

"Opponents counter that much of the money lost by gamblers will go straight to big, out-of-state companies that own the casinos. At the same time, they argue, people will become addicted to the games of chance and spend less on movies, plays and other forms of entertainment. Fewer cars, computers and refrigerators will be sold, hurting local businesses…"

< Gaming News