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Studies in Australia have verified this drain on the economy by video gambling machines

John Warren Kindt

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John Warren Kindt
Gambling
Studies
Australia
Video
Machines
Study
Verified
Economy
Drain
Drains

More quotes by John Warren Kindt

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State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development
John Warren Kindt
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You bring in gambling into a major population base, and the more people you have going into a casino, the more people you have hooked on gambling
John Warren Kindt
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For every slot machine you add, you lose one job per year from the consumer economy
John Warren Kindt
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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
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Gambling is being subsidized by the taxpayers
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My bottom line is this is no time to be gambling with our economy
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The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped
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What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S.
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I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
John Warren Kindt
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$60,000 spent in a consumer economy multiplies by respending into $180,000
John Warren Kindt
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A study in Illinois in the mid-1990s found that 65 percent of businesses were hurt by the proximity of gambling
John Warren Kindt
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If you want your 401k to come back, recriminalize gambling
John Warren Kindt
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Legalized gambling cost taxpayers $3 for every $1 in state revenue to government
John Warren Kindt
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Movies and Disney World don't create addicts
John Warren Kindt
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Legalized gambling is the leading cause of bankruptcy
John Warren Kindt
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The faster the gambling activity, the more highly addictive it is and the more addictive the gambling activity is, the more revenue it will generate for the industry
John Warren Kindt
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Gambling is a catalyst for economic downturn
John Warren Kindt
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The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction
John Warren Kindt
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Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year
John Warren Kindt
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No reputable economist anywhere believes it's gambling an economic tool
John Warren Kindt