{"id":618,"date":"2017-02-19T22:36:06","date_gmt":"2017-02-19T22:36:06","guid":{"rendered":"http:\/\/jimchaplin.com\/?p=618"},"modified":"2017-03-02T20:18:39","modified_gmt":"2017-03-02T20:18:39","slug":"peterborough-casino","status":"publish","type":"post","link":"https:\/\/jimchaplin.com\/?p=618","title":{"rendered":"Peterborough Casino"},"content":{"rendered":"

THE CASINO DEBATE<\/strong><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 It has been interesting, to say the least, watching the city of Peterborough debate the location of a new casino.\u00a0 Some thought was apparently even given to locating it downtown.<\/p>\n

Why would anyone in their right mind suggest that it should be located in the downtown core?\u00a0 That would be, without a doubt, the worst possible location.\u00a0 The traffic congestion would make the downtown even less attractive than it is now for anyone to consider shopping there.<\/p>\n

People who would be going to the casino would not patronize the downtown businesses and in that location it would be likely to attract an undesirable crowd to the downtown.<\/p>\n

It is also interesting to hear members of city council claim how it will create hundreds of new jobs.\u00a0 Will it really create new jobs?\u00a0 They seem to be missing the point that the existing casino in Cavan Monaghan is a major employer.\u00a0 Those jobs will be eliminated or simply transferred to the new location, so there will not likely be any new jobs and most of the employees at the current casino\u00a0are likely residents of Peterborough.<\/p>\n

They are speculating that it will generate a considerable income for the city.\u00a0 That remains to be seen.\u00a0 In Cavan Monaghan the casino has generated a very nice windfall for the municipality over the years it has been located there.<\/p>\n

Even if it was to stay where it is there is no guarantee that the level of funding for the municipality will remain at the current level.<\/p>\n

When it was run by OLG there was an agreement that 5% of the profits would be paid to the host municipality.\u00a0 The property owner and the horseman\u2019s association each got 10%.\u00a0 The horseman\u2019s association has since been cut out of the picture.<\/p>\n

The whole purpose of locating the original slots facilities at race tracks was because there was already gambling allowed there.\u00a0 That made sense.<\/p>\n

It is also important to remember that the municipal percentage was on slots.\u00a0 There was no mention of table games should they be added to the facility.<\/p>\n

Now that the casinos have been turned over to private enterprise it wouldn\u2019t surprise me if the profit margin decreases, that\u2019s how business works.\u00a0 It is easy to reduce the profits by paying bonuses to executives and other legitimate accounting practices.<\/p>\n

At the current location there is more than ample parking and an additional 100 acres to the north that could possibly accommodate any future expansion.<\/p>\n

A casino in the city will make it easier for people who can least afford to gamble to take part in such activity on a regular basis.<\/p>\n

Traffic congestion at any location in the city will be annoying at best.\u00a0 It\u2019s too bad the city could not get along better with their neighbouring municipality and stop playing the bully.<\/p>\n

Only time will tell but it will be interesting to see how the city officials will spin the details and claim how good it all is for the city.<\/p>\n

They have already guaranteed $150,000 a year to the DBIA for twenty years.\u00a0 What else will they do with the money even before it materializes?<\/p>\n","protected":false},"excerpt":{"rendered":"

THE CASINO DEBATE \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 It has been interesting, to say the least, watching the city of Peterborough debate the location of a new casino.\u00a0 Some thought was apparently even given to locating it downtown. Why would anyone in their right … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/jimchaplin.com\/index.php?rest_route=\/wp\/v2\/posts\/618"}],"collection":[{"href":"https:\/\/jimchaplin.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jimchaplin.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jimchaplin.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jimchaplin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=618"}],"version-history":[{"count":2,"href":"https:\/\/jimchaplin.com\/index.php?rest_route=\/wp\/v2\/posts\/618\/revisions"}],"predecessor-version":[{"id":622,"href":"https:\/\/jimchaplin.com\/index.php?rest_route=\/wp\/v2\/posts\/618\/revisions\/622"}],"wp:attachment":[{"href":"https:\/\/jimchaplin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jimchaplin.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jimchaplin.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}