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    Sandestin casino plan: Know when to fold 'em …

    20.05.12

    Just because Sandestin has put its casino on hold, don’t bet the ranch on its demise. Proponents claim we will hit the trifecta: Increased jobs, revenue and property values. Don’t count your money while you’re sitting at the table.

    Despite what foes present, gambling does help local and state governments with their cash-strapped coffers. Georgia, for instance, used lottery money to fund a school construction deluge. The Hope Scholarship, also via the Georgia Lottery, provided free tuition, for those worthy, at the South’s premier institute of higher education, the University of Georgia. After a few years though, declining lottery sales led to sharp cutbacks in both areas. The boom in public school construction is gone with the wind, and college students now see scholarships pared.

    Other states deal with gambling revenue declining. In Indiana, sales slumped for two consecutive years. For our neighbors to the west in Mississippi, 2011 was the fourth consecutive year revenue fell off. States bucking the trend often woo high rollers with exotic games like baccarat. If a whale/big spender shows up at Sandestin wearing $300 jeans, sorry dude … dress code.


    Source: Walton Sun