Economists are warning that expanded gambling proposals now under discussion in several US states will have to clear tough financial hurdles, as well as political and regulatory ones, if they are to prove viable to would-be investors.
Budgetary constraints mean state governments are now far more likely to be enticed by the “invisible tax dollars” that would come from expanded gambling measures, according to gaming analysts at Jefferies. “As various jurisdictions within the US scramble to fill budget gaps in today's bleak economic climate, a large number of them are looking towards expanded gaming as an attractive solution,” Jefferies analysts said in a recent note.
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