5:18 pm Dec. 26, 2011
Governor Andrew Cuomo's declaration that he would support casino-style gambling in New York City was the front page of the Daily News today, and was picked up widely by other news outlets throughout the day. It's an issue Cuomo is reportedly going to address when he delivers his State of the State speech in Albany.
There's popular support for such a move, in theory, and the political interests in Albany, after the initial success of video gambling at a local racetrack, are quite likely to fall into line with the governor.
After all, as Gothamist said, "New York could use the revenue from the gaming industry."
And there's already a casino with video gambling at Aqueduct; what Cuomo's now talking about could wind up being as simple as putting full-on table games in there too, especially given the "fierce lobbying effort" underway by the gambling companies (which are already quite accomplished at lobbying Albany) to let them expand their offerings further.
But raising revenue from local gamblers has a downside.
A Queens Tribune reporter retweeted an earlier story he wrote which quotes heavily from a study that warns about the $6 in new "social costs" needed for every $1 in casino revenue raised. The Tribune report quotes from the work of Dr. John Warren Kindt of the University of Illinois at Urbana-Champaign.
"Each slot machine, according to Kindt, on average takes $100,000 a year out of consumer spending. This is lost spending on consumer goods like cars, refrigerators, and computers, and lost money to Queens businesses," Tribune reporter Ross Barkan wrote.
The number of cops dying in the line of duty is on the rise across the country. [Bob Hennelly]
Senator Chuck Schumer's brother-in-law has been nominated for a federal judgeship in New Jersey. [Josh Margolin]
Schumer's connection to the nominee has attracted unfriendly attention. [Jonathan Easley]
"McNulty came out of left field," said an unnamed source. [Tim Mak]
Cuomo's commission on mandate relief quietly released its findings without most commission members knowing about it. It amounts to "administrative tweaks and not big changes." [James Odato]
Legalized gambling may cause some problems, including reducing consumer spending. [Ross Barkan]
Attorney General Eric Schniederman's initial review of local development corporations unearths some troubling results. [Associated Press]
Adam Lisberg doubts John Liu gets indicted. [David Howard King]
"$13,444 of tax money on food, liquor and catering for the Mayors Office." [@FDNYEMSwebsite]
M.T.A. Chair Joe Lhota had an unscripted 90-minute meeting with organized labor. [Neal Tepel]
A fund-raiser hopes supporters will give a lot of money to Liu's campaign. [Liu Shuang]
"East River ferry service to Queens deemed success after six-month test" [Philip Newman]