Whoah now, let's not start throwing around "we"s. It's the Star. What do you expect from its readers? Level headedness? Accountability? Street smarts? (un)Common sense?
Just remember, we're doing it FOR THE CHILDREN!!!
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$3-billion casino plan unveiled for downtown Toronto
- Thread starter PSY
- Start date
Whoah now, let's not start throwing around "we"s. It's the Star. What do you expect from its readers? Level headedness? Accountability? Street smarts? (un)Common sense?
Just remember, we're doing it FOR THE CHILDREN!!!
N
Nyx13
Guest
It all depends on the deal that gets made - I currently work for the OLG and I can tell you, a LOT of money goes directly to the cities the racetrack slots are in. It was part of the deal from the get-go. A huge pile of money also goes to the Trillium foundation and other govn't programs.
As to the odds, most staff either know or can find out the site average. Each machine is another matter - every machine has its own percentages which help create the overall site percentages. 99% of the public have NO understanding of how the odds actually work - even though they think they do...
As to the odds, most staff either know or can find out the site average. Each machine is another matter - every machine has its own percentages which help create the overall site percentages. 99% of the public have NO understanding of how the odds actually work - even though they think they do...
Depending how the machines are rigged, a lot of money can be made there. Bars are a recession-proof industry: people go when they have money, and people go when they don't; they go to celebrate, and they go to try one last time before hitting rock bottom.
I've personally heard some really good stories about casinos. My favourite one happened to a buddy of mine who served a guy that just won - he wanted the most expensive bottle in the place and it ended up being louis XIII cognac (which really isn`t that expensive, all things considered). It ran the guy $8000 & he tipped a grand on it.
AFAIK the city does make a lot of money from gambling and liquor - licenses are expensive for a reason.
So strictly off the record: some machines are configured to have more wins in order to bring up the odd average of each site? I would imagine that the machiens with higher win averages also have lower payouts. I wonder if that's also the case for buying lottery tickets.
I know a chick who had a gig for The OLG and her job was literally to party with rich people so she could sway them to invest in projects. I`ve got random tangents for days when it comes to LLBO & OLG, so it must be such an fascinating industry to regulate/work for. The government's so sneakily smart
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edit: when are they expected to have everything up & running if it goes through? I'm pretty excited
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MarcosSantiago
Well-known member
Yes, there is money involved. We're talking billions just to build it. And there are jobs too, and some people will get tips too. But my post was intended to consider the two ends >> Yes, some guy will eventually get a $1,000 tip one day, some guy will be the casino manager and have a fantastic salary, but that is not the norm, those are the exceptions. 98% of the jobs that the casino creates are not that great.
At what cost? There is a social cost to it... people who will feel it the most are those who live in the condos around that area. A casino is one of those things that better not be in my back yard (NIMBY)... For example, what 's gonna happen to property values? I'm just glad I don't own a condo on Front St.
