|| Print ||
|Articles - September 2010|
|Friday, August 20, 2010|
As proponents of a private casino in Wood Village continue their fight to get an amendment on this fall’s ballot, video lottery retailers in Wood Village fear for their futures.
Measure 75 on the November ballot calls for the authorization to construct a private casino in Multnomah County. Another initiative sought to amend Oregon’s constitutional ban on private casinos, but it failed to get enough signatures. Casino proponents Matt Rossman and Bruce Studer have alleged a miscount and are fighting to get it approved for the ballot.
Within two and a half miles of Wood Village there are 85 video lottery retailers happy the casino’s fate is uncertain.
“A finite amount of gambling dollars exist in the state of Oregon,” says Tip Hanzlik, owner of Diamond Darcy’s. He says all the casino would do is transfer the gamblers from one establishment to another and cut the percentage of the revenue the state receives.
The local businesspeople also say that the revenue split is unfair. Measure 75 requires 25% of the adjusted gross revenue generated by the casino to be paid to the Oregon lottery. The lottery receives more than 72% of video lottery revenue.
“I’m not happy,” says Dean Hurford, owner of Bumpers Grill and Bar, “The little person doesn’t have a big enough voice.” Hurford is concerned the large casino will receive favoritism over small-business owners.
Wood Village mayor David Fuller supports the efforts to turn the Multnomah Greyhound Park into an entertainment complex. “We need economic development that is not government stimulated,” says Fuller, “[The casino] will yield tax dollars, instead of spend them.”
But the economic impact of the casino is as unsure as its future. ECONorthwest published a fiscal analysis of the casino for the Oregon Tribal Gaming Alliance, saying the casino would substantially cut into state lottery revenue. The Spectrum Gaming Group, an Atlantic City-based research firm hired by casino proponents, disputes that.
Either way, video lottery retailers in Wood Village say they will feel the pinch of the casino. Hanzlik generates approximately $20,000 for the state every month but says he struggles financially. “The casino would be the final nail in [my business’] coffin,” Hanzlik says.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
Thursday, June 26, 2014
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Taxis Uber Alles?|
|Powerlist: Staffing Firms|
|Pfizer results beat estimates|
|Study: Running reduces risk of death|
|Zillow to acquire Trulia for $3.5B|
|Dollar Tree to buy Family Dollar|
|Facebook revenue surges 61%|
|Walmart unexpectedly fires CEO|
|GM profit declines 80%|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.