DOWNTOWN CASINO

[sfladave]

It's 8% off of slot revenue currently.

409442[/snapback]

I think what you're quoting is an expected profit of all slot machine drops is 8%.

 

I believe the industry average of slot machine income as a % of revenue of all gaming revenue is closer to 75 - 80 %.

 

Big Difference!

 

You don't think that all those slot machines covering the majority of any casino floor are there because they like old ladies do you?

[The_Real]

I was nearly old enough to gamble legally before you were born, so yeah, I been in just a few casinos in several countries.

 

I don't feel a great deal for a guy who pisses away his paycheck; his family gets my sympathy, though.

 

I have nothing against going to a casino or gambling in general. But if you think the payoff of a relatively small number jobs is worth letting a sovereign nation put a money vacuum in your town, you're not thinking it through.

 

But like I said, I'm not trying to stop you, so best of luck with that.

409427[/snapback]

 

 

I seriously do understand exactly what you are talking about. I am just on the other side of the fence because I'm a dealer. I make my money on gamblers and from my first hand view point most of them aren't nickel and dimers. Most of them will bring more than a couple hundred dollars to play with.

 

First hand, I'd say 95% of players are over 50. 50/50 split of men to women. Most of them together. I think it is a form of entertainment just like going to a show, concert or an amusement park.

 

On average how much do you spend to bring the family to Darien Lake? 4 tickets, parking and a meal and you are well over 200 dollars. Play some games to win a teddy bear and ride the go carts now you are at 300 dollars.

 

I'm not trying to compare the two like it's fair, because it's not and I do understand your point. My point is I don't think anyone should have the right to determine against something that they believe their opinion proves.

 

If you aren't a gambler and you see someone throw their money away, it sucks, I'll admit it. However, every dealer there has a mouth to feed. With out that job how would they do it? You are talking about morality when in fact you are dealing with someone's career.

 

I don't agree with strip clubs so can we close them? I think Religion is a farce and people throw their money away to pay for the priests new Cadillac, so can we close them? I think Car salesman lie through their teeth to make you spend your hard earned money, so can we close car dealerships?

 

Speaking of, our local government has been raping us for YEARS, can we just close city hall? Health Insurance is the biggest scandal of them all, can we close it down?

 

 

Life is unfair. I'm sorry you feel the way you do, but their are other angles aside from your own that matter. Would you feel okay telling 500-600 trained professionals that your morality prevents them from employment?

 

t-r

[#41]

I think what you're quoting is an expected profit of all slot machine drops is 8%.

 

I believe the industry average of slot machine income as a % of revenue of all gaming revenue is closer to 75 - 80 %.

 

Big Difference!

 

You don't think that all those slot machines covering the majority of any casino floor are there because they like old ladies do you?

409529[/snapback]

 

 

Actually moron, it's 8% because that's what the numbers PLUS the compact say. Seeing how you don't know either......

[sfladave]

Actually moron, it's 8% because that's what the numbers PLUS the compact say.  Seeing how you don't know either......

409543[/snapback]

I said that slot machines account for the majority of a casinos profit, usually 75% of all gaming revenues. I said this in reference to the poster who said we are only getting a cut of the slots.

 

You responded with, "It's 8% off of slot revenue currently.". I took that as you thought slots only account for 8% of revenue. If you meant it as the state taxes them 8% then you are wrong.

 

From what I've been able to pull off web searches the state actually gets about 25% of the net income. Last year the Seneca Gaming Corporation reported a net income of 84.7 million dollars from its Niagara Falls and Salamanca casinos in 2004.

 

Niagara Falls received approximately $12.5 million last year as their share. That would be a welcome boost to Buffalo and Erie County. I would also suspect Buffalo casinos would make even more than Niagra and Salamanca.

[Terry Tate]

I seriously do understand exactly what you are talking about. ...

 

I don't agree with strip clubs so can we close them?  I think Religion is a farce and people throw their money away to pay for the priests new Cadillac, so can we close them?  I think Car salesman lie through their teeth to make you spend your hard earned money, so can we close car dealerships? 

 

...Would you feel okay telling 500-600 trained professionals that your morality prevents them from employment?

No, I don't think you understand exactly what I'm talking about, because I never made a moral argument against gambling. You must have missed the part where I said I've gambled.

 

I'm saying a casino run by another nation is not economic development. A giant store is not real economic development either. They supply some jobs, but in the end not much more. The time and effort put into making these happen is poorly spent, and should be focused on attracting real economic development - things that bring greenbacks into the area, like a company that manufactures something, sells their items everywhere, so that in addition to jobs, greenbacks come into the area, not go out of it. A casino run by another nation supplies some jobs, and sucks money out of the area. People are arguing about how much of that money being sucked out is going to the government - why that would seem like a good idea, I cannot imagine. A store supplies jobs, but the profits don't remain local, so it's not an economic driver for the area, either.

 

If that's the best they can come up with, fire them. I'm an amateur, and I have better ideas than that.

[The_Real]

No, I don't think you understand exactly what I'm talking about, because I never made a moral argument against gambling. You must have missed the part where I said I've gambled.

 

I'm saying a casino run by another nation is not economic development. A giant store is not real economic development either. They supply some jobs, but in the end not much more. The time and effort put into making these happen is poorly spent, and should be focused on attracting real economic development - things that bring greenbacks into the area, like a company that manufactures something, sells their items everywhere, so that in addition to jobs, greenbacks come into the area, not go out of it. A casino run by another nation supplies some jobs, and sucks money out of the area. People are arguing about how much of that money being sucked out is going to the government - why that would seem like a good idea, I cannot imagine. A store supplies jobs, but the profits don't remain local, so it's not an economic driver for the area, either.

 

If that's the best they can come up with, fire them. I'm an amateur, and I have better ideas than that.

410168[/snapback]

 

Wing nut the all knowing. You are so far off that you just sound like you want to be a negative factor. Let's just break this down simply.

 

I make 800 dollars roughly a week. I eat out twice a week. I go see a movie once a week. I go out once a week. Roughly 150-175 I spend IN THE COMMUNITY. The rest goes to bills and such. Multiply that by 500-600 employees who work at the Casino. Multiply that by the 3 (soon to be 4) casinos in WNY. Where do you think our money goes?

 

Roughly 12 million given back to the community last year from the Casino in Niagara falls from their split of the profits from slot machines. Whether or not local goverment spends that money wisely HAS NOTHING TO DO WITH THE CASINO. Why are you blaming the Native American business because our local goverment misuses funds?

 

If the employees spend money in the community and the Native Americans are taxed a percentage of their earnings, how can you tell me nothing comes back to the community?

 

Recreational activities are not and should not be limited because you think it's unfair that the Native Americans are given a bigger piece of the action. If you want to be mad at local government because they are going to waste their share fo the money on unimportant b.s programs, then take your issue up with them. Stop creating your petty arguments to explain why a casino is bad in Buffalo.

 

If some guy wants to blow his paycheck on a poker game, he was more than likely going to do it ONLINE before the casinos ever came to western new york or in an underground game. Underground games have existed for 50 years.

 

This gives good people like myself a job. You may not recognize the Casino as a good business, but stop pretending you understand ecomics better than I do. Obviously with Casinos going up all over the United States, something makes sense economically. Even if it doesn't to you.

 

 

t-r

[The_Real]

Wing nut, you don't even live in Western New York? Wow, pretty insane to make an argument from Florida about local issues.

[Terry Tate]

Wing nut the all knowing.  You are so far off that you just sound like you want to be a negative factor.  Let's just break this down simply. 

Ok, I give up. You keep arguing points I haven't made. You win. Casinos run by other nations are just dandy for the local economy; couldn't come up with a better idea if you held a gun to my head. Enjoy it. I'll stop pretending I know anything.

[The_Real]

Ok, I give up. You keep arguing points I haven't made. You win. Casinos run by other nations are just dandy for the local economy; couldn't come up with a better idea if you held a gun to my head. Enjoy it. I'll stop pretending I know anything.

410251[/snapback]

 

 

 

I'm sorry man. I am an argumentative jerk and I really don't mean to be. You are knoweldgeable about a lot of things, I just disagree with you on this issue.

 

Read my LAMP, I'm going through a tough little time here.

 

Again, I'm sorry if I offended you.

 

T_R

[buffalobillsfootball]

Actually, all of those things are currently overshadowed by the sh------- economy that drives young people out of town.

 

A casino won't hurt.  Our idiot politicians and the idiot unions that prop them up have already destroyed the city and if it's ever great again, it'll take at least a couple generations for that to happen.

409167[/snapback]

 

 

hey, let's stick to talking buffalo bills football - reading some of these comments about my home makes me sick. Yeah, Buffalo is in rough shape - but it never proclaimed to be San Diego or Phoenix.

 

Let it be - everthing is cyclical - Buffalo will reclaim it's glory one day - (hmm, and I think the Great abundace of water will have something to do with it - mark my words).

 

But yeah, Indian run casino in our front yard (Buffalo) absolutely sucks. We can thank our Republican Governor & Democrat Masiello for this sh------- idea. Leave the Casino's in Niagara Falls...

 

There is far too many good things starting to happen in BUF - esp residential condos and lofts. Rents are starting to go up - way too high, in my opinion.

 

And yes, the city may be poor - but there is a ton of money in our burbs.

 

Stick with football...

 

ps: BTW, your comments about the ZOO are uncalled for... They are in the process of renevating the joint - go back and stop basing your claims on feelings not facts.

[Terry Tate]

 

I'm sorry man.  I am an argumentative jerk and I really don't mean to be.  You are knoweldgeable about a lot of things, I just disagree with you on this issue. 

 

Read my LAMP, I'm going through a tough little time here. 

 

Again, I'm sorry if I offended you.

 

T_R

410256[/snapback]

Ah, withdrawal. I miss it so much, every few years or so I take up smoking again.

 

And I'm a pretty good argumentative jerk myself, and I don't even have a reason. So don't sweat it.

[The_Real]

hey, let's stick to talking buffalo bills football - reading some of these comments about my home makes me sick.  Yeah, Buffalo is in rough shape - but it never proclaimed to be San Diego or Phoenix.

 

Let it be - everthing is cyclical - Buffalo will reclaim it's glory one day - (hmm, and I think the Great abundace of water will have something to do with it - mark my words).

 

But yeah, Indian run casino in our front yard (Buffalo) absolutely sucks.  We can thank our Republican Governor & Democrat Masiello for this sh------- idea.  Leave the Casino's in Niagara Falls...

 

There is far too many good things starting to happen in BUF - esp residential condos and lofts.  Rents are starting to go up - way too high, in my opinion.

 

And yes, the city may be poor - but there is a ton of money in our burbs.

 

Stick with football...

 

ps: BTW, your comments about the ZOO are uncalled for... They are in the process of renevating the joint - go back and stop basing your claims on feelings not facts.

410272[/snapback]

 

 

VIVE LA CASINO

[LabattBlue]

But yeah, Indian run casino in our front yard (Buffalo) absolutely sucks.  We can thank our Republican Governor & Democrat Masiello for this sh------- idea.  Leave the Casino's in Niagara Falls...

 

410272[/snapback]

We currently have a building that formerly housed AM&A's(on Main St.) that has been vacant for a couple of decades except for a short run by a dept. store that was doomed from the start. We also have the Main Place Mall(right across the street from AM&A's) which has been reduced to a handful of stores and a food court that is busy only from 11AM to 2PM M-F. What's worse, leaving them as is or turning one of them into a Casino?

 

Anybody remember the Court Yard Mall? It was a food court in the basement of a building on the west side of Main St., just north of Court St. Guess what....it has been vacant for 15-20 years! A prime property that they cannot find a tenant for. This scenario is repeated all over downtown Buffalo.

 

Build the Casino downtown and build Bass Pro in the Aud. It's not like the local leaders have 100's of alternate plans that are waiting to be acted on.

[meazza]

hey guys

if buffalo is really thinking of building a casino, you should also invest in a full staff of suicide hotline

we built a casino in montreal like 10 years ago i believe and since then the suicide rate has increased dramatically, and the thing is the casino is in a place that is a bit far for people to travel yet it is always full, people are there all the time, i know a few people who committed suicide because of their gambling debts, and now the government wants to move the casino to an area closer to where there is more poverty..

it really is not worth it, it is a destruction of society, people get lost in those places and never come out

although it helps tourism it kills the people

[socalfan]

VIVE LA CASINO

410279[/snapback]

 

 

Let me summarize the issue.

 

Construction costs and maintenance of facilities amortized = 10million

1000 employees with a 40,000 a year salary = 40 million.

"Taxes or Profit Sharing" = 25% or revenue = .25*90 million = 22.5 million.

 

Money for the Seneca nation = total revenue - outlays = 90million-(40million+22.5million+10million) = 17.5million

 

So the local area gets the following - they start with 90million in expendable funds, they give 17.5 to the Seneca nation which removes those dollars from the area. Since construction firms do not exist in the local area nor do architectural and design firms, part of the construction costs is also taken out of the area....say 5million.

 

That means that 22.5 million is no longer available for investment in the local area. You've just succeeded in making the area 22.5 million dollars poorer. You just bleed the area you call home of 22.5 million.

 

You may say the 40million is money that will now be spent because 1000 people have jobs...but that money was already available for spending. There is no new money. The economy did not improve in the area. It only got worse by 22.5million.

 

If you want gambling, fine. Say so. But don't argue that the area is benefitted by it. That's simply isn't true.

[The_Real]

Let me summarize the issue.

 

Construction costs and maintenance of facilities amortized = 10million

1000 employees with a 40,000 a year salary = 40 million.

"Taxes or Profit Sharing" = 25% or revenue = .25*90 million = 22.5 million.

 

Money for the Seneca nation = total revenue - outlays = 90million-(40million+22.5million+10million) = 17.5million

 

So the local area gets the following - they start with 90million in expendable funds, they give 17.5 to the Seneca nation which removes those dollars from the area.  Since construction firms do not exist in the local area nor do architectural and design firms, part of the construction costs is also taken out of the area....say 5million.

 

That means that 22.5 million is no longer available for investment in the local area.  You've just succeeded in making the area 22.5 million dollars poorer.  You just bleed the area you call home of 22.5 million.

 

You may say the 40million is money that will now be spent because 1000 people have jobs...but that money was already available for spending.  There is no new money.  The economy did not improve in the area.  It only got worse by 22.5million.

 

If you want gambling, fine.  Say so.  But don't argue that the area is benefitted by it.  That's simply isn't true.

410312[/snapback]

 

You are looking at the short term of building the casino hoser. The area benefits greatly by the addition of 500 jobs. However, this argument is old. I disagree so just agree to disagree. When nothing changes except an extra thing to do on friday night for US LOCALS, we'll see who complains.

[The_Real]

Oh yeah,

 

 

VIVE LA CASINO!!!!

[socalfan]

You are looking at the short term of building the casino hoser.  The area benefits greatly by the addition of 500 jobs. 

410317[/snapback]

 

 

The summary is a yearly financial sheet. It is not short term. I put in the benefit of 1000 jobs...did you even read it? It's a loosing proposition to the local economy.

 

If you want gambling say so. But again do not argue benefits from a gambling establishment.

[buffalobillsfootball]

You are looking at the short term of building the casino hoser.  The area benefits greatly by the addition of 500 jobs.  However, this argument is old.  I disagree so just agree to disagree.  When nothing changes except an extra thing to do on friday night for US LOCALS, we'll see who complains.

410317[/snapback]

 

 

Where in the area do you live? Just curious.

[Live&DieBillsFootball]

hey guys

if buffalo is really thinking of building a casino, you should also invest in a full staff of suicide hotline

we built a casino in montreal like 10 years ago i believe and since then the suicide rate has increased dramatically, and the thing is the casino is in a place that is a bit far for people to travel yet it is always full, people are there all the time, i know a few people who committed suicide because of their gambling debts, and now the government wants to move the casino to an area closer to where there is more poverty..

it really is not worth it, it is a destruction of society, people get lost in those places and never come out

although it helps tourism it kills the people

410289[/snapback]

 

Hey, maybe we could put a diving platform on the Skyway.