Advertisement

Drudge Retort: The Other Side of the News
Tuesday, March 17, 2020

Casinos have joined the airline industry in asking Congress for emergency financial help as Las Vegas and other tourist destinations take a severe financial hit from the coronavirus outbreak. The requested aid for the casino companies, raised by lobbyists in recent days, could come in the form of a comprehensive bailout package, similar to what lawmakers may provide to airlines, cruise companies and the hospitality industry.

More

Alternate links: Google News | Twitter

Casinos could also receive additional scrutiny given the close personal and professional ties that Trump, a former casino developer and owner, has to the industry. Steve Wynn, a top GOP donor, has known Trump for years and was vice chairman of Trump's inaugural committee. After Trump entered the White House, Wynn was named chairman of the Republican National Committee's finance committee before stepping down after sexual harassment allegations.

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Forget it. If they didn't plan for the future and save enough cash to make it through a crisis, they deserve to die.

#1 | Posted by Unisphere at 2020-03-17 12:50 PM | Reply | Newsworthy 5

They need it very soon, while stock prices are still low.

#2 | Posted by Charliecharles at 2020-03-17 12:58 PM | Reply | Newsworthy 1

Republican socialists to the rescue!

#3 | Posted by anton at 2020-03-17 01:07 PM | Reply | Newsworthy 2

Republican socialists to the rescue!

#4 | Posted by anton at 2020-03-17 01:21 PM | Reply | Newsworthy 1

Millions for the workers, not one thin dime for shareholder bailout of casinos.

#5 | Posted by randomcanyon at 2020-03-17 01:25 PM | Reply | Newsworthy 6

Not even a gamble: they have a former casino magnate in the WH, and most of them are yuge donors.

#6 | Posted by Corky at 2020-03-17 01:32 PM | Reply | Newsworthy 1

Yet another industry flush with cash but zero foresight.

Let them fail.

#7 | Posted by jpw at 2020-03-17 02:39 PM | Reply

As someone directly affected, I cannot believe any casino in Vegas is hurting. While it would hurt my income, if they don't have reserves after robbing folks blind for decades, --- them!

#8 | Posted by bocaink at 2020-03-17 02:48 PM | Reply | Newsworthy 1

Let Warren Buffet negotiate the terms. 10% interest on the loan, preferred shares as well. Investors should pay the price of investing in highly leveraged businesses that can't withstand a slowdown of a few months.

Time for new investors and management.

#9 | Posted by bored at 2020-03-17 02:57 PM | Reply

I think it would be a good trade they house those that are sick without housing in those massive casino hotels and they get a Federal grant. otherwise screw em, they're just parasites relying on those poor folk that just want to give them money for a few minutes of entertainment.

#10 | Posted by Badcat at 2020-03-17 07:55 PM | Reply

When a gambler loses his rent money no one bails him out so why do I want to bail out casinos?
I don't gamble and I don't want to preserve the gambling industry, it is hardly necessary.

#11 | Posted by danni at 2020-03-18 08:57 AM | Reply

When a gambler loses his rent money no one bails him out so why do I want to bail out casinos?
I don't gamble and I don't want to preserve the gambling industry, it is hardly necessary.

#11 | Posted by danni

Exactly. Casinos are money printing operations.

Also, why should there even be talk about bailing out the cruise ship industry? 98% pay no U.S. taxes, aren't registered as U.S. companies, and employ few Americans.

#12 | Posted by AMERICANUNITY at 2020-03-18 09:00 AM | Reply

12

agreed on all of it.

#13 | Posted by eberly at 2020-03-18 09:16 AM | Reply

Where is the TEA party? They bitched and complained about bail outs during the Obama administration and now they are no where to be found. They were a bunch of hypocritical --------------- hoping for an Obama failure.

There should be no corporate/small business bailouts. However, money should be provided in the form of low or no interest loans. These loans may be forgiven at some future date if and only if student loan debt is forgiven.

#14 | Posted by FedUpWithPols at 2020-03-18 09:25 AM | Reply

Wynn and Adelson can go fkcu themselves.

#15 | Posted by Whatsleft at 2020-03-18 12:05 PM | Reply

Oooo hell no! What ever happened to the free market? How can a casino even go bankrupt? All they do is take money in and pay meager wages to the slaves? Give me a break. Let 'em sink.

#16 | Posted by tknees at 2020-03-18 02:19 PM | Reply

Trump will save them.

Don't forget. Socialism is good when begin utilized by the rich.

It's only bad if it helps the middle class and poor.

#17 | Posted by ClownShack at 2020-03-18 02:24 PM | Reply | Newsworthy 1

Help the employees.

F*** the casinos.

#18 | Posted by DarkVader at 2020-03-18 07:08 PM | Reply

The government shut them down. They should sue.

#19 | Posted by Yknot at 2020-03-18 07:32 PM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2020 World Readable

Drudge Retort