{"id":8193,"date":"2012-01-10T13:40:26","date_gmt":"2012-01-10T21:40:26","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=8193"},"modified":"2012-01-10T16:50:25","modified_gmt":"2012-01-11T00:50:25","slug":"sunshine-state-sap","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/sunshine-state-sap\/","title":{"rendered":"Sunshine State sap"},"content":{"rendered":"

Backers of Florida<\/strong> casinos, working under the rubric of Associated Industries of Florida<\/strong>, evidently take voters down there for simpletons. Their ‘See Spot Run’ pitch<\/a> for casino-based destination resorts describes something that sounds very much like Venelazzo<\/strong> or Wynncore<\/strong>, then has the brass to declare, “Destination Resorts [sic<\/em>] are a new concept unlike anything currently in existence on U.S. soil.”
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\nHA!<\/em> We’ve had them in Vegas ever since Steve Wynn<\/strong> opened The Mirage<\/strong>, lo, these 23 years ago, Atlantic City<\/strong> got into that game less than a decade back with Borgata<\/strong>, and let’s not forget Foxwoods<\/strong> and Mohegan Sun<\/strong>. Adding insult to untruth, AIF<\/a> offers this supposedly pacifying verbiage: “gaming facilities would be limited to no more than 10 percent of the resorts\u2019 total square footage<\/em>.”<\/p>\n

\"\"Oh please, stop! I can’t take the hilarity anymore! The gargantuan casino-based resorts of Singapore<\/strong> cap gaming square footage at 6%. Hunter Hillegas<\/strong> ran some numbers for us and came up with 5.5% for Venetian Macao<\/strong> (nobody’s idea of a boutique property) and a seemingly puny 2.5% for Bellagio<\/strong>. Allowing for all the variables involved between one casino and another (does or doesn’t the parking garage count?), MGM Resorts International<\/strong> gave us figures that computed to a massive-for-Vegas 4.5% at Monte Carlo<\/strong>, down to 1.6% at dowdy old Circus Circus<\/strong>. For a Florida resort to devote 1\/10 of its property to the casino floor and not have it be unimaginably large, those much-touted amenities would have to be pared back substantially. Mind you, going to Class III gambling in Florida is premised on a high level of investment<\/a>, one which will require blockbuster gaming revenues in order to generate any significant ROI. If lawmakers haven’t twigged to any of this, don’t expect AIF’s big-ass lobbying force<\/a> to clue them in anytime soon.<\/p>\n

As you can see from the TV spot above, AIF is promising both “restrictions on gaming” and what will likely be some of the biggest — probably the<\/em> biggest — casino floors known to mankind. If that’s what the Lege wants to enact, more power to them. But, hey, AIF: Quit treating Florida voters like they all just fell off the turnip truck.<\/p>\n

P.S.<\/strong>: Thanks to reader Detroit1051<\/strong> for digging up the links and video.<\/p>\n","protected":false},"excerpt":{"rendered":"

Backers of Florida casinos, working under the rubric of Associated Industries of Florida, evidently take voters down there for simpletons. Their ‘See Spot Run’ pitch for casino-based destination resorts describes something that sounds very much like Venelazzo or Wynncore, then … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[65,23,60,36,140,62,53,11,33,12,108,32,9,19,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/8193"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=8193"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/8193\/revisions"}],"predecessor-version":[{"id":8197,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/8193\/revisions\/8197"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=8193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=8193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=8193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}