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Bill Freehling is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Bill Freehling.
Virginia’s neighbors allowing casinos
Virginia’s neighbors are increasingly allowing casinos to open. Maryland’s first casino opened today about 30 minutes north of Baltimore off Interstate 95. A casino opened in Philadelphia earlier this month. Delaware also has casinos, as does West Virginia, where one is now open inside the historic and posh Greenbrier Resort. North Carolina has a casino on Native American land in the western part of the state.
Many states are dropping their qualms about casinos in the face of budget shortfalls and economic recessions, as gambling brings in revenue. But Virginia remains casino-free (although it does allow the lottery, many of the proceeds of which support public schools). The General Assembly hasn’t shown much inclination to allow casinos into the Old Dominion.
UPDATE: A listener on WTOP radio on Tuesday asked Virginia Gov. Bob McDonnell about the possibility of casinos in Virginia. Here is a link to the entire conversation. The question is about 32 minutes in. The caller pointed out that many of the people he meets in West Virginia casinos are from Virginia, so why shouldn’t Virginia take advantage of this revenue-generating potential? McDonnell essentially said that Virginia is focusing its economic development efforts elsewhere. He said the state has been ranked as among the most business-friendly in the country, and pointed to recent investments by Microsoft and Northrop Grumman in the state as evidence that current policies are working. He said gambling tends to create crime, which businesses don’t want to see. So he said he has not embraced the idea of casinos in Virginia, nor has the General Assembly.
What do you think? Take our poll:
Permalink: http://news.fredericksburg.com/businessbrowser/2010/09/27/virginias-neighbors-allowing-casinos/
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