BINGO! How One Louisiana Private School Has Made A Fortune From Inner-City Video Bingo

BINGO! @Cenlamar nails a cenla private school for a sleazy bingo deal

CenLamar

On Tuesday, the City Council of Alexandria, Louisiana voted unanimously (with one noticeable abstention) to lift its moratorium on video bingo parlors for the next 120 days. The moratorium was first championed more than six years ago by former City Councilman Myron K. Lawson, who claimed he was concerned about the unchecked and unregulated proliferation of gambling businesses disguised as social welfare clubs. Video bingo is not the same game played in elementary schools and nursing homes across the country. It’s vastly more sophisticated and much more lucrative. The buy-ins are larger, and so are the prizes. So, too, are the profits. While the moratorium may have effectively ended the opportunity for new, enterprising operators to open up new facilities, it also had the direct effect of protecting the profit margins and granting quasi-monopoly status to established businesses and non-profit organizations. Because of the moratorium, there would no longer…

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About Lamar Parmentel

www.dailykingfish.com lead curator; enjoyer of bourbon, the dynasty and the beverage. Reside in New Orleans. Louisiane peut vivre éternellement

Posted on July 11, 2014, in Uncategorized. Bookmark the permalink. Leave a comment.

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