The Economic Impact To SL re Casino and other issues
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Chao Mu
Registered User
Join date: 27 Oct 2006
Posts: 57
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04-10-2007 15:42
Wait a second... Nobody said anything about keno..
Nobody plays professional keno...
That being said...
Its entertainment, some people get a rush at the chance to win, hey guess what some people actually win yes a lot of people loose, but hey its not like anyone in SL is raking in buckets of cash doing casino, trust me... Thats for the land barrons... there the ones with buckets of cash.. LOL! Then again define buckets of cash....
Its entertainment.... And in poker there is no coralation to how casino's make money.
AGAIN your missing that point, in poker its rental of space...
And there is legisitation going on right now to legalize poker.
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Chao Mu
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Join date: 27 Oct 2006
Posts: 57
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04-10-2007 15:43
From: Brenda Connolly Bugsy Siegal realized that to bring in outside money, in both investors and patrons, there had to be something besides the gambling. That's why Flamingo was the first sucessful resort in Vegas. Big name entertainment brought in customers, which encouraged Bugsy's "Associates " back East to finance the operation. Unfortunately for Bugsy, he was a bit too successful. Marry Me?  We could burn down Wallmarts on our honeymoon |
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Brenda Connolly
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Join date: 10 Jan 2007
Posts: 25,000
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04-10-2007 15:47
From: Chao Mu Marry Me? We could burn down Wallmarts on our honeymoon Uhmm..tell me more about your gambling winnings..... 
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Itchy Gamba
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Join date: 16 Dec 2006
Posts: 48
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04-10-2007 15:52
wow, what an argument, is it over yet?
couldnt be bothered reading the whole thing, it got a bit boring.
oh well, maybe the next thread will be better
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Har Fairweather
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Join date: 24 Jan 2007
Posts: 2,320
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04-10-2007 16:21
From: Colette Meiji I play the lotto
But im not under some unrealistic expectation that its not there in place of a tax and the odds make it function exactly like a tax that effect middle and lower income people more than higher income people. So what? If people were forced at the point of a gun to play Lotto or any other lottery, ok, you would have a VERY valid argument. But they are not. On the other hand, people are forced to pay taxes. Try not paying them some time and see what happens. If you cannot see the difference between force and choice, you are morally blind. I am sure you do see the difference, and that you are not stupid, or blind, so I am sure you are engaging in sophistry here. For those who might not get it: So statistically it turns out most of the people who play are middle or lower income people than are higher income people, and the public schools that most benefit their children eventually benefit from it, and and they are willing to spend money so they can dream of being wealthy for a week. So what? What do you have against middle or lower income people and why do you have a problem with how they choose to get their jollies? Or do you think middle or lower income people are so stupid and fundamentally inferior that their lives and choices have to be micro-controlled by a super-enlightened and morally superior elite for their own good because otherwise they will do something such self-anointed people think they should not do? I know enough Joe Sixpacks to know what their response to such "solicitousness" on their behalf would be. It begins with an "F" and it ends with a You! and I'm with them. No, I don't think your motive for wanting to rid SL of casinos is to protect the lower and middle class. Back to gambling. And the economics you say you are so concerned about. Gambling is entertainment; movies are entertainment; concerts are entertainment; professional sports games are entertainment. In each case, the patrons give the purveyors money and come away with - no tangible benefit. Your criticism of casinos applies to every case in SL or anywhere else where there is such a transaction. Turns out intangibles like the thrill inherent in taking a chance on something is a "good" for which there is plenty of "effective demand." In economic terms, it does not matter whether it is gambling or a rock concert or a phone-sex encounter: money changes hands for something intangible and the payor is satisfied with the deal. If you are not satisfied and you are not a party to the transaction, please get over it. This is simply another case where some people want to impose their views and values on other people. Find ways to fix the camping problem. Find ways to fix the lag problems. Tell everyone you meet about the House edge. That might do some good. Telling other people what they may or may not do when what they do does not hurt anyone else does not do any good; it is merely parading one's asserted moral superiority, and it generally backfires. |
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Colette Meiji
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Join date: 25 Mar 2005
Posts: 15,556
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04-10-2007 16:44
From: Har Fairweather So what?
If people were forced at the point of a gun to play Lotto or any other lottery, ok, you would have a VERY valid argument. But they are not. On the other hand, people are forced to pay taxes. Try not paying them some time and see what happens. If you cannot see the difference between force and choice, you are morally blind. I am sure you do see the difference, and that you are not stupid, or blind, so I am sure you are engaging in sophistry here.
For those who might not get it: So statistically it turns out most of the people who play are middle or lower income people than are higher income people, and the public schools that most benefit their children eventually benefit from it, and and they are willing to spend money so they can dream of being wealthy for a week. So what? What do you have against middle or lower income people and why do you have a problem with how they choose to get their jollies? Or do you think middle or lower income people are so stupid and fundamentally inferior that their lives and choices have to be micro-controlled by a super-enlightened and morally superior elite for their own good because otherwise they will do something such self-anointed people think they should not do? I know enough Joe Sixpacks to know what their response to such "solicitousness" on their behalf would be. It begins with an "F" and it ends with a You! and I'm with them. No, I don't think your motive for wanting to rid SL of casinos is to protect the lower and middle class.
Back to gambling. And the economics you say you are so concerned about. Gambling is entertainment; movies are entertainment; concerts are entertainment; professional sports games are entertainment. In each case, the patrons give the purveyors money and come away with - no tangible benefit. Your criticism of casinos applies to every case in SL or anywhere else where there is such a transaction. Turns out intangibles like the thrill inherent in taking a chance on something is a "good" for which there is plenty of "effective demand." In economic terms, it does not matter whether it is gambling or a rock concert or a phone-sex encounter: money changes hands for something intangible and the payor is satisfied with the deal. If you are not satisfied and you are not a party to the transaction, please get over it.
This is simply another case where some people want to impose their views and values on other people.
Find ways to fix the camping problem. Find ways to fix the lag problems. Tell everyone you meet about the House edge. That might do some good. Telling other people what they may or may not do when what they do does not hurt anyone else does not do any good; it is merely parading one's asserted moral superiority, and it generally backfires. You and Chao are missing the forest for the trees. Im speaking on the general principle of how the systems work and your busy fussing over the nit picky details. Whether the lottery or casino spending can be called an entertainment expense or fun isnt relevant to the broader system I am describing. If we were discussing where hamburgers come from. Youd be arguing "from a hamburger joint" And Id be stating they come from a cattle ranch via a meat packer. When discussing a broad issue like gambling effecting the whole SL economy you generally dont speak in the terms "but this guy can make x dollars playing poker." You are more interested in the average money won or lost by the population of gamblers. |
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Ace Albion
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Join date: 21 Oct 2005
Posts: 866
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04-11-2007 03:31
OK, someone at least spends their winnings. I just mostly saw it as the same guys paying the same money in and out really, but I'm not going to argue numbers I don't have.
The numbers I do have, somewhere in all the bloglines says that the *top* casinos in SL are taking $1500 a month in profits.
That is laughably, pitifully small money for something with the traffic these places pull (or they're sandbagging their accounts somehow, though Linden Lab have access to every transaction record so who knows). So I wonder where the economic influence is? Is it Andy, Barry, Charlie and Dave burning 250k each losing to Eddie in poker, and then he goes and spends a million in world?
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