Jumers opens casino in swamp
Apparently the new Jumers Hotel and Casino opened in it's new location in the wetlands near the I-280 bridge.
The only reason I noticed is a one sentence mention over at Capitol Fax, which linked to this article and the decidedly negative comments (including one which asked where Rock Island was.)
There I noticed a link to another decidedly more interesting article which is part of a series done by the Daily Herald on casinos in Illinois, specifically the fact that casinos are tightening the odds on slots and raking in more cash.
You would NEVER see this sort of reporting in the local paper, for whom questioning any local business is apparently forbidden (unless they're relatively small and don't have a state senator carrying their water.)
A few stats:
• Illinois' nine casinos have managed to make 20 percent more cash from gamblers despite a 13 percent drop in visits between 2000 and 2007.
• The amount of money pumped into slots has increased just 2 percent in that time, but the casinos' take has jumped 30 percent.
• Casino operators are relying on tighter slot machines, ones programmed to keep more from every dollar bet. In 2000, 7 percent of suburban slots kept more than 10 cents of every dollar bet on average. Last year, 46 percent fell into that category.
• Stingier slots took in $600 million last year statewide, close to the cash needed to cover the casinos' massive tax bill.
• Illinois spends a fraction of what other Midwest states do to help gambling addicts, severely limiting inpatient treatment options.
• Problem gamblers who elect to ban themselves from Illinois casinos are disproportionate from cities with casinos.
• Lawmakers have never specifically researched the impact of legalized gambling in Illinois.
Casino operators say they are simply rolling out tighter slot machines to meet gamblers' demand for these newer, more exciting games. The innovative video slots offer a more entertaining and sometimes longer game, even though they are programmed to pay out less and keep more money than older slot machines.
The new slots are programmed for more losses, they say, because gamblers can play as little as a penny per spin. But they often spend more than $1 and sometimes as much as $5 on a spin every six seconds as they hope to strike it rich.
Seems a road to ruin when the state is putting so many eggs in the basket of gambling outfits feeding off the elderly and undisiplined. And who the hell will have any money to gamble away in the coming economy other than those already addicted?