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Casinos bet big on L.A. gaming: clubs raked in $310 million in '97; slots next?
Los Angeles Business Journal, March 9, 1998 by Larry Kanter
But even as they fight among one another, the clubs are jockeying for position as they make their biggest wager ever - that California will one day allow full-blown casino gambling.
That day may be closer than people think, said Mark Bragg, a Palm Springs real estate developer who is working to put a referendum on the state ballot to allow slot machines - gambling's biggest moneymaker by far - in that city's three card rooms.
While Californians may not be ready for slot machines on every corner, Bragg is convinced voters will not object to full-service casinos in a single, out-of-the-way desert resort like Palm Springs - so convinced, in fact, that the new 250,000-square-foot casino and entertainment center he is building will be wired for slots.
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"We eventually will win," said Bragg. "How long are people willing to see those billions of dollars going out of state without us getting any of it here?"
And if Bragg does win, other victories are bound to follow. Already, the wiring ducts that snake beneath the floor at the Hollywood Park Casino are ready to accommodate slot machines, said Bowling.
"If (slot machines) ever are permitted, we won't have to tear up the floors," he said.
COPYRIGHT 1998 CBJ, L.P.
COPYRIGHT 2008 Gale, Cengage Learning
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