It seems the universal question of whether the
economic impact of legalized casino gambling and real-money slot machines can
outweigh the potential problems that could come with regulated gambling is being
raised in Guam. According to the Pacific Daily News, a current legislative
proposal is being pondered by lawmakers and voters who will get to have their
final say on whether slot machines will be legalized or not in less than two
weeks. The news column gave voice to both sides of the argument, which is the
argument that has been heard in every council and government debating the
benefits of casino slot machines first began.
The legislative amendment which will be presented
to voters is called Proposal B, and specifically seeks to legalize casino style
slot machines for use at Guam Greyhound Park. Both sides in support for and
against Proposal B were well represented recently at Onward Beach Resort, where
a forum was hosted by the Guam Hotel and Restaurant Association to allow both
sided of the slot machine agenda to openly express their views and arguments.
The forum was well received by both parties, and a large turnout made for a
festive yet respectful debate.
The chief argument of those who have openly
expressed their support for casino style slot machines is that Guam is in
desperate need for more funding in its education and health care systems.
Backers of the legislation say that tax revenue generated from the machines
would not only help to secure prescription drugs for Seniors and help stock
classrooms with needed supplies like books and desks, but that it would target
tourists more so than local residents. According to Proposal B's figures, the
gambling revenue generated from the machines would surpass $12 million per year,
resulting in a 10% tax of $1.2 million for the Guam government.
Beware Guam tourist's, for figures like that entail
a hefty overall loss. However, such is the case with slot machines, which most
casino gamblers recognize and do not allow to keep them from betting on the
machines, regardless. Those who are against Proposal B naturally argue that
casino style slot machines could bring more hardships to residents who will seek
to play them anyhow, despite attempts to target non-locals.