“Legalize it and tax the sh-t out of it”: Bally’s Soo Kim on gaming
Bally’s chairman Soo Kim delivered a blunt defense of legalized gambling on Tuesday during TRD’s real estate forum, where he cast his company’s casino victory as the product of strategic site selection, “laying low” during the RFP process and his own New York City roots. “You have to legalize it and tax the shit out of it,” Kim said when asked about the social costs of gaming. “That is the societal response to activities of free choice that have negative externalities.” Kim, who grew up in Queens, framed Bally’s as the only “local” gaming operator in the competition for downstate […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Gen Z Is Creating A New Path To Prosperity
Houzz Report Reveals What’s Hot: 8 Emerging Summer Home
Design Trends
My Further Keynote: Everything is Changing, Nothing is
Changing
Sotheby’s sues seller over $56M Hamptons deal
Home Inspection Contingency Clause: What It Is and Why You
May Want One
How to Create a Real Estate Listing That Gets More
Showings
Why Two Identical Properties Can Produce Completely
Different Returns
6 Markets Where You Can Launch a Real Estate Investment
Career With Homes Under $300,000
She Started Investing in College and Already Has 5 Rental
Units (And Counting)
Could Moving a Bit Further Out Change Everything About Your
Budget?
