Auction for Pennsylvania casino licenses lacks bidders

[yortsed snacilbuper]

No Pennsylvania casino offered a bid in the latest mini-casino auction Wednesday morning, leaving in question whether the state will gain just the five of those already planned rather than the 10 made possible under last year’s gambling expansion law.

http://www.post-gazette.com/news/state/2018/04/18/Pennsylvania-Pittsburgh-mini-casino-auction-no-bidders-gaming-board/stories/201804180126

[democratisphere]

1. There are already too many casinos that eventually will put each other

out of business because the supply exceeds the demand.

[Sherman A1]

2. Precisely

That they received no bids for the license is very telling.

[FakeNoose]

3. I guess the GOP got what they wanted

We're all so poor now that nobody has any extra money to gamble with. Casinos are a dying trade.
Well done, Republican Party!

[femmocrat]

4. I've never been to one, but I'm guessing they have an "older" clientele.

Do younger people go to casinos? I just remember the busloads of seniors going to Atlantic City a couple of decades ago.

[FakeNoose]

5. Why do some people consider gambling as a form of "entertainment"?

I guess it's a generational thing, and the younger ones aren't entertained. That's my guess, but what do I know?
My brother hits the casinos fairly often, but I have no interest.

[femmocrat]

6. Same here.

Seems like throwing money down a hole to me.

[DeminPennswoods]

9. It's fun

I like to go up occassionally to The Rivers casino in Pgh. You just have to set a certain amount of money you're willing to lose/spend. Once that's gone, then you quit and go have a nice meal in one of the restaurants there.

One of the mini-casinos is tentatively planned for just a few miles from my home.

[Freddie]

7. We count on gambling for tax revenue

Since we cannot raise the wage tax upon penalty of extreme screaming by the useless GOP state legislature. Has not gone up since the Rendell admin. Every time I see someone accusing Gov. Wolf of raising taxes I remind them of this. So the only revenue sources that can go up are sin taxes - alcohol, cigarettes, gambling.

[Freddie]

8. My son lives in Florida

Which has no state income tax. But in PA it costs $42 annually for car registration. I think it's about $250 in Florida. That's how they make up for no income tax. Talk about a regressive tax.

[DeminPennswoods]

10. States get their tax money one way or another

If there's no income tax, then you have personal property taxes or high fees for things like car registration, licenses, etc or taxes on food and clothes, neither of which PA has.