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Quote by John Warren Kindt

“Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you'll never see the industry finance those”

Quote by John Warren Kindt

Author

John Warren Kindt

John Warren Kindt is a renowned author whose works span across various fields, including history, politics, and economics. His exact birth and death dates are unknown. more

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“No reputable economist anywhere believes it's gambling an economic tool”

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“For every dollar of revenue generated by gambling, taxpayers must pay at least $3 in increased criminal justice costs, social welfare expenses, high regulatory costs, and increased infrastructure expenditures”

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“Casinos don't bring business except for the gambling boys”

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“Generally, traditional businesses were slow to recognize the way in which legalized gambling captured dollars from across the entire spectrum of the various consumer markets, but now they know”

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“The gambling industry has a tendency to find public figures ... and these persons are used for their public image. These people generally come in for a couple of years and then they sell out and it's 100 percent owned by out-of-state interests”

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“People will spend a tremendous amount of money in casinos, money they normally would spend on refrigerators or a new car. Local businesses will suffer because they'll lose consumer dollars to casinos.”

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