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Another Useless Casino

This time in Monmouth?

101.5 reports:Screen Shot 2016-02-16 at 5.40.40 AM

I know all the county politicians are lining up behind the idea but forgive me if I’m a little underjoyed.  Of course if someone wants to build a casino, as long as it’s not somehow subsidized by the government I would let them go ahead and build it.  But casino revenues are not real economic growth.  They only siphon money from some people to others.  There is no net increase in wealth.

Let’s say next door to the casino they built a dishwasher factory.  Family A goes to the casino and blows $500.  The $500 is counted as economic activity but the net wealth in the economy hasn’t changed at all.  Before the trip, family A had $500 and the casino and its workers had $0.  After the trip, family A had $0 and the casino and its workers have $500.  All there was, and all there still is, is $500.   Even if the family wins it’s just the other way around then.  That’s the real problem with using GDP as a measure of economic health.  It doesn’t measure our overall well being.

So now family B orders a dishwasher from their local Sears and it is shipped from the factory next door to the casino.  It costs $500.  Now the factory and its workers have $500 but family B has something too.  They have a brand new dishwasher!  Everyone’s a winner.

You see factories create wealth.  Casinos only shift wealth from you to them.  They might help a particular town’s economy, but they do nothing for the region as a whole.  It’s not like people are going to be coming from other parts of the country or the world to gamble at a Monmouth County casino.  The money is going to come mostly from people who live within about an hour’s drive of here.  There’s no net increase of wealth in the region.

Something else to consider: if you want to base your economy on tourism then you have to put up with thousands of people coming here clogging up our roads, taking up our parking spots and generally being a pain in the ass.  Remember, we got family B’s $500 without ever even having to see them.  Ahh!  Peace and quiet!

So while some of you might find scenes like this exciting:35b90ce03128f89

I would be more excited by scenes like this:ge4


  1. katrina wrote:

    Please save us from greedy politicians Atlantic city is bust for many reasons. the onslaught of online gambling being the main one.

    Tuesday, February 16, 2016 at 8:34 am | Permalink
  2. apocalypse now wrote:

    How about a floating casino on the Shark River with a shuttle/ferry to and from the marina? Of course there will have to be a floating garage as well, with a pontoon ramp. There can be fireworks over the lagoon at night while Wagner blasts on loud speakers. Wait, the mayor lives by the lagoon, nope, no good. Back to the drawing board.

    Tuesday, February 16, 2016 at 10:28 am | Permalink
  3. niccolo' wrote:

    We like this plan. Location ideal for investors. 3 milet and 72 mile exclusions covered in one full swoop.

    Static plan to give jobs to the CREW

    Tuesday, February 16, 2016 at 1:25 pm | Permalink
  4. Anonymous wrote:

    Victoryjax.Com the example for Belmar

    Tuesday, February 16, 2016 at 2:08 pm | Permalink
  5. Tom Dilberger wrote:

    #1 – There is a way of bringing back Atlantic City. Make Atlantic City into a free city based on the idea of Macau China. Give it some sort of special status where everything goes. Bar no nasty ideas, just like the Chinese. All the freaks in the USA and beyond will swarm there. Of course, the airport will have to be built up like crazy. There’s no telling where this will go. Anything less than that will fail miserably – Just an idea.

    Tuesday, February 16, 2016 at 3:33 pm | Permalink
  6. apocalypse now wrote:

    I can be undercover security on the boat, but there can be no political favoritism in hiring, as I am not affiliated.

    I like the idea from Mr. Dilberger – Bangkok, Amsterdam, Tokyo, 42nd Street in the Jerse, isolated, of course. After all, we have Ocean Grove, too.

    Tuesday, February 16, 2016 at 4:01 pm | Permalink
  7. Cathi wrote:

    When you end up in Vegas with no money to get home…. they put you on a bus to anywhere else to get you out of town.

    Tuesday, February 16, 2016 at 4:21 pm | Permalink
  8. Anonymous wrote:

    7: great 2am idea

    Tuesday, February 16, 2016 at 6:27 pm | Permalink
  9. Groovy wrote:

    Ugh to casinos. Just brings in mafia, drug dealers and drunk people.

    Keep Belmar wholesome, or as wholesome as it can be with so many bars

    Wednesday, February 17, 2016 at 3:16 pm | Permalink
  10. Anonymous wrote:

    Tongue in cheek #9. It like a Montego Bay second coming in Belmar. VIDEOS ARE READY

    Wednesday, February 17, 2016 at 10:15 pm | Permalink

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