“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.