Verizon Casino Amendment – Acknowledges Cannibalization – No Protection for Most
Immediate Release:
Contact Jim Rubens 603-359-3300
Here is today’s UL story on the “Verizon Amendment” to SB152 to be offered to House Ways & Means:
http://www.unionleader.com/apps/pbcs.dll/article?AID=2013130339908&NL=1
“Casino advocates are now compelled to acknowledge the reality of revenue and jobs cannibalization from thousands of existing New Hampshire hospitality businesses and entertainment venues which do not have monopoly slot machine profits to subsidize meals, drinks, rooms, and entertainment,” said Jim Rubens, chair
man of Granite State Coalition Against Expanded Gambling. “Unfortunately, the Verizon amendment fails to provide protection for all but one.”
Attached is the letter to House Ways & Means chairman Almy from Manchester’s Mayor and Aldermen.
Point: the 1500 seat amendment does not protect smaller NH venues, nor does it protect thousands of other NH hospitality businesses from which revenues and jobs will be cannibalized.
GSCAEG has been raising the revenue and jobs cannibalization problem for
several years.