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Penguins to Seek Slots License

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Old
07-04-2004, 11:56 PM
  #1
tom_servo
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Penguins to Seek Slots License

I wish the old Business of Hockey board still existed.

The PA House just passed a slots bill last night, allowing the existence of several slots parlors (41,000 machines in total) to exist around the state, including one in Pittsburgh. Originally, the Pens had planned to dip into the influx of revenue, and (partially) finance a new arena through those means.

However, those plans seem tenuous at best. Now, though, comes a new plan from Lemieux and co.: to seek a slots license for themselves, and finance a new arena in full, sans public funds. And this plan has support.

Quote:
State Rep. Mike Veon, D-Beaver Falls, said that the seven-member gaming board that will assign the slots licenses within the next year -- a group that has yet to be named -- will show a preference to applicants who commit to projects that create long-term jobs and benefit the community beyond the parlor itself.

Veon said that it would meet that criteria to have the Penguins build an arena from their share of parlor money -- owners are permitted to keep 48 percent of revenues -- and encouraged them to apply, as did others in the Legislature.

"I think it's a very innovative approach, and I hope the Penguins move aggressively," said state Sen. Jack Wagner, D-Beechview. "I can tell you that I believe the Pittsburgh parlor will be the most lucrative in the state, and there are going to be funds available for the owner to do something extra to help the community. If that's getting an arena out of the deal and keeping the Penguins in town, that's a win-win for us. The last thing I want is for us to lose professional hockey in Pittsburgh."


http://www.postgazette.com/pg/04187/342017.stm

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Old
07-05-2004, 12:02 AM
  #2
tom_servo
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By the way, Bettman has already said, prior to draft day, that the NHL would have no problem with a team owning a gambling license. Their only concern is that there must be no ties to a sportsbook, and no machines on the premises.

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07-05-2004, 01:30 AM
  #3
Jacob
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El bumpe

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Old
07-05-2004, 04:01 AM
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Trottier
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Being old-school when it comes to things like this, and also actually believing that professional sports is still a legitimate competition, as opposed to a rigged outcome contrived by shadowy figures, this potential marriage between the Pens and gambling, legalized as it may be, makes one a bit squimish.

I mean, why stop with slot machines and casinos? Why not simply open a chain of brothels out in Nevada and funnel the proceeds back to Pittsburgh?

But one supposes if it keeps NHL hockey in the city, it's a worthy venture.

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07-05-2004, 04:04 AM
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Quote:
Originally Posted by Trottier
I mean, why stop with slot machines and casinos? Why not simply open a chain of brothels out in Nevada and funnel the proceeds back to Pittsburgh?
Slot revenue = Taxing the stupid. I can live with that.

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07-05-2004, 10:06 AM
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GKJ
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Quote:
Originally Posted by tom_servo
Slot revenue = Taxing the stupid. I can live with that.
We all can. Slots will no doubt pour revenue into Philadelphia Park, which has begun to flounder because of small purses, 5 years ago they used to run 7 days a week, they're now down to 3 (and not Saturday).

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07-05-2004, 10:08 AM
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Quote:
Originally Posted by Trottier
I mean, why stop with slot machines and casinos? Why not simply open a chain of brothels out in Nevada and funnel the proceeds back to Pittsburgh?
brothels out in Nevada? we need brothels here in the 'burgh! . . . I am liking this more and more, 'hockey and 'ho's', now there is a promotion with a ring to it, and it would lend new meaning to the term 'bobble head night.'

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07-05-2004, 12:35 PM
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Mr Jiggyfly
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Quote:
Originally Posted by Trottier
I mean, why stop with slot machines and casinos? Why not simply open a chain of brothels out in Nevada and funnel the proceeds back to Pittsburgh?
We already have one, you'll find it where the Mayor's office is supposed to be.

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07-05-2004, 04:41 PM
  #9
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Quote:
Originally Posted by <Mr Jiggyfly>
We already have one, you'll find it where the Mayor's office is supposed to be.


Just to make sure there is no misunderstanding, if this action keeps the Pens in Pittsburgh, your's truly is all for it.

Been saying all along that these posters who wish to rush out and play Hockey God and dissolve franchises that are having economic trouble are misguided. Where there is a will, there is a way (to maintain a franchise's viability). Even if it means "taxing the stupid".

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07-05-2004, 05:24 PM
  #10
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Well good for Mario. Its nice to things starting to work out for him.

A slots parlour can finance the building of an arena? Nice gig if you can get it. Mario gets to finance an arena from his non-hockey related income. That ought to do wonders for his franchise value

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07-05-2004, 06:08 PM
  #11
Mr Jiggyfly
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Quote:
Originally Posted by thinkwild
Well good for Mario. Its nice to things starting to work out for him.

A slots parlour can finance the building of an arena? Nice gig if you can get it. Mario gets to finance an arena from his non-hockey related income. That ought to do wonders for his franchise value
If Mario is awarded the license, the Pens will become like the Leafs, Rangers, etc, financially.

The profits from both the new arena and slots could be ridiculous if done properly.

Bettman already gave his blessing to Mario to get the license. Now it is up to the yet-to-be-created gambling board to award Mario the license.

Mario has to prove he will do good for the community and come up with $50 million for the license.

Mario has some very wealthy partners, but didn't want them to sink anymore money into the franchise until certain issues were resolved. So getting the $50m for the license won't be an issue.

Mario is also revered in the community for his charitable work over the years.

Seems logical he should get the license, but one never knows what goes through the corrupt mind of a politician when handling such matters.

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07-05-2004, 06:17 PM
  #12
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Right, it's hard to imagine that anyone could compete with the Lemieux Group for the Pittsburgh license, considering his stature in the community and his pledge to re-invest the profits on a brand new venue.

Having a team-owned arena and the ability to keep players on the team? That's a dream come true.

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07-05-2004, 06:41 PM
  #13
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When I heard that news on the Stan Savran radio show today I couldnt believe that nobody had thought of it before.....a slots parlor is like a liscense to print money

this could be really huge for the Pens

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07-05-2004, 06:54 PM
  #14
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Quote:
Originally Posted by Unholy Diver
When I heard that news on the Stan Savran radio show today I couldnt believe that nobody had thought of it before.....a slots parlor is like a liscense to print money
John Steigerwald has been pushing the idea for a month now.

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07-05-2004, 06:55 PM
  #15
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Quote:
Originally Posted by Jacobv2
John Steigerwald has been pushing the idea for a month now.
Actually since July of 03'.

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07-05-2004, 06:59 PM
  #16
tom_servo
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Quote:
Originally Posted by Unholy Diver
When I heard that news on the Stan Savran radio show today I couldnt believe that nobody had thought of it before.....a slots parlor is like a liscense to print money

this could be really huge for the Pens
Here's Steigerwald's article...

http://pittsburghlive.com/x/tribune-.../s_144077.html

I always figured it'd be a pipe dream. But it has turned out to be the Pens' best chance.

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Old
07-05-2004, 08:21 PM
  #17
me2
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Play the political game.
Get the slots license.
Sell the struggling franchise anyway.

Make lots more money of just the slots alone......

Hows that for paranoid.

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