'FEEDING FRENZY' COULD BE OVER: Spread of gambling loses steam

[NVMojo]

See, the culture of corruption is taking its toll!

March 3, 2006

After years of heady campaigns to spread legal, commercial gambling to new jurisdictions in the United States, proliferation has ground to a halt in 2006.

Deutsche Bank analyst Andrew Zarnett called current chances for proliferation in the near term "nominal to nonexistent."

"Within the U.S., there's very little proliferation except for Pennsylvania, where slots at tracks are planned, and Florida, where any impact would be nominal since the market is not destination-based and would not compete for visitors," he said.

Gaming foe Tom Grey, executive director of the National Coalition Against Legalized Gambling, said no statewide referendums to expand gambling are likely in 2006 or in the next two years, although there is limited discussion of a referendum in Kentucky.

"It won't happen in an election year or with all the campaign financing scandals," Grey said. "It would be like Pickett's Charge," referring to the ill-fated Confederate attack on the final day of the Battle of Gettysburg.

A local group has proposed a casino one mile from the Civil War battlefield, but it is given very little chance of being approved, he said.


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http://www.reviewjournal.com/lvrj_home/2006/Mar-03-Fri-2006/business/6008105.html