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  #1  
Old 11-15-2005, 01:38 PM
Khern Khern is offline
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Default article on canadian casinos


http://www.mises.org/story/1961

John
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  #2  
Old 11-15-2005, 03:02 PM
Kurn, son of Mogh Kurn, son of Mogh is offline
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Default Re: article on canadian casinos

To quote Keats

"Beauty is truth, truth beauty..."
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  #3  
Old 11-15-2005, 03:08 PM
Peter666 Peter666 is offline
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Default Re: article on canadian casinos

I don't like socialism myself, but truth be told, the Fallsview casino is rather nice. It's kind of unfair to compare anything to Las Vegas. And winners don't pay taxes on their winnings in Canadian casinos which more than makes up for the negatives. What does the capitalist have to say about that?
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  #4  
Old 11-15-2005, 03:24 PM
tylerdurden tylerdurden is offline
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Default Re: article on canadian casinos

[ QUOTE ]
And winners don't pay taxes on their winnings in Canadian casinos which more than makes up for the negatives. What does the capitalist have to say about that?

[/ QUOTE ]

The capitalist isn't the one imposing the taxes.
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  #5  
Old 11-15-2005, 03:37 PM
Peter666 Peter666 is offline
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Default Re: article on canadian casinos

I agree. There should be no taxes on gambling winnings and the casino's should be free enterprises.

But the article is bashing Canadian Casinos without giving all the facts. It is much better to play in a Canadian Casino monetarily speaking.
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  #6  
Old 11-15-2005, 04:10 PM
tylerdurden tylerdurden is offline
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Default Re: article on canadian casinos

[ QUOTE ]
I agree. There should be no taxes on gambling winnings and the casino's should be free enterprises.

But the article is bashing Canadian Casinos without giving all the facts. It is much better to play in a Canadian Casino monetarily speaking.

[/ QUOTE ]

I don't think that's clear at all. If you're a losing player, the taxes don't matter. In that case, the comps and other promotions in the US casinos are clearly superior, along with the "psychic benefits" of superior aesthetics. Additionally, there may be other advantages in game selection (competitive US casinos might offer better BJ rules, or more odds in craps, or higher limits).
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  #7  
Old 11-15-2005, 05:19 PM
Peter666 Peter666 is offline
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Default Re: article on canadian casinos

"If you're a losing player, the taxes don't matter."

Neither do comps, because you end up paying for them from your losses. Any professional player who is +EV will do much better monetarily in a Canadian Casino than in An American Casino because of the tax issue.

A loser will probably enjoy one of the Vegas Casinos on the Strip (and definitely most American casinos are not like those) but who cares? A gambler comes to gamble. The tourists go for the other stuff. I want to play against -EV gamblers.
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  #8  
Old 11-15-2005, 03:47 PM
Khern Khern is offline
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Default Re: article on canadian casinos



I honestly know nothing of the quality of these casinos. Comparing it to those in Vegas may not be fair. Vegas may have some sort of gambling economies of scale or some other advantage. I was just passing along the article as one that might be appreciated on this forum.

John
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