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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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John Warren Kindt
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More quotes by John Warren Kindt

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Lotteries boost state revenues in the short run but don't feed the economy in the long run
John Warren Kindt
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Bankruptcies increase 18 percent to 42 percent above the national average
John Warren Kindt
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If gambling were banned, those social costs would drop, tax revenues from consumer goods would increase, and money would be pumped into the productive economic sector
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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Studies in Australia have verified this drain on the economy by video gambling machines
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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The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas
John Warren Kindt
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And as far as jobs go, for every one job that the casino creates, one is lost in the 35-mile feeder market
John Warren Kindt
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It is not economic development it's about taking money out of the consumer economy and shipping it off to Las Vegas
John Warren Kindt
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Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits
John Warren Kindt
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If you want your 401k to come back, recriminalize gambling
John Warren Kindt
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No reputable economist anywhere believes it's gambling an economic tool
John Warren Kindt
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Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
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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27 percent to 55 percent of casino revenues come from problem or pathological gamblers
John Warren Kindt
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My bottom line is this is no time to be gambling with our economy
John Warren Kindt
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An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino
John Warren Kindt
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The real loss by gambling is $180,000 to the consumer economy for each slot machine
John Warren Kindt
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Besides creating more compulsive gamblers, money spent on lotteries isn't spent on other goods such as clothing or computers, which would trickle through to retailers, manufacturers and other parts of the economy
John Warren Kindt
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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
John Warren Kindt