Jump to content

Possible fiscal help for New Jersey drum corps??


Recommended Posts

On 11/10/2021 at 11:38 AM, Tenoris4Jazz said:

Reading the IRS forms for most of the finalists, Blue Devils and Vanguard have a heavy bingo interest.  In 2019, BD had gaming revenues of $30.7 million and a net profit of $1.88 million from gaming.  Vanguard was $10.97 million in revenue and $3.78 million in net profit.  Bluecoats was $3 million in revenue and $400k in net profit.

By comparison, Spirit of Atlanta most recently showed total revenue of $917k from ALL operations.  If Vanguard ONLY made money from bingo (no tour income, no tuition income, nothing else) their budget would be 4 times what Spirit makes.

 

On 11/9/2021 at 6:00 PM, NebraskaGBR said:

Regarding Bingo ... the Amendment in New Jersey ... It is a "nice" idea ... however ...

Regarding Bingo's competition ... The trend is not just Casino gambling, but "Online" gambling.  How many of us have seen the "Caesar's" commercials? ... Of course there's an APP for your cell so you can gamble on any sports event on any day & time from the comfort of your home.   The other "advantage" of online gambling ... Interstate Commerce ... Caesar's is available in 12 States + they own a Casino in Atlantic City.

Side note: Yesterday, Mon. Nov. 8th New York State picked nine (9) operators for mobile sports betting.  The State expects to reap $500 million annually in "Tax" revenue.   Mobile sports betting Operators are "required" to turn over 51% of their profits to the State ... and still they are extremely interested.  While it may be only November ... the Operators are reportedly already "targeting" ... next February's Super Bowl. 

This is the "type" of competition ... Bingo operators are up against.

 

BTW.   How many Corps have Bingo operations or "Games of Chance"?   What's their OPPLAN (Operation's Plan ... Strategic?  Immediate (day-to-day)?    What's their take?   ... Profit margin?    What happens next summer when the Corps is on the Road?

No eastern corps would expect to compete with casino gambling, online gambling, etc. ........but to indicate that they can't make any money from bingo..I don't agree with that.......if a person can drive to a nice, little place close to  home......go inside, have some comfort food, play bingo, maybe win a bit....not lose their shirt.....and know that any money they lose is going to a good cause and not making someone rich.......it's a good thing............look at some of the responses....esp. SCV, BD, Bluecoats.....they make SERIOUS money on Bingo.........their operations run all year, and do not stop during the season......will it be at that level in NJ??  Very doubtful........However, it could still be a decent money maker for some groups....this was impossible with the state laws prior, but now could be possible.........there were some very successful corps bingo operations in neighboring NY state......they did hit problems, lost things overnight, and then had trouble adjusting, which was sad.....but that doesn't have to happen.

Link to comment
Share on other sites

On 11/9/2021 at 7:01 AM, rpbobcat said:

When the Atlantic City Casinos reopened after  Covid, Gov. Murphy issued an Executive Order to temporarily ban smoking in them.

It was very well received.

I know a number of people who visit A/C regularly.

They said there didn't seem to be anyone who had a problem with no smoking. 

But Murphy  let the Order expire.

He never gave a reason why.

A lot of people want the ban made permanent, but, so far, nothing.

 

That's sad.....who I really feel for is employees who will have to live with the health effects of 2nd hand smoke........I know I will probably lose some years of life because of that very same thing......

Link to comment
Share on other sites

8 hours ago, Bob984 said:

That's sad.....who I really feel for is employees who will have to live with the health effects of 2nd hand smoke........I know I will probably lose some years of life because of that very same thing......

Agreed. And honestly, I get it. I've always tried to be respectful of non-smokers. Even in my shop, we don't smoke (granted with the amount of wood dust and chemicals that building pool cues generates, lighting up probably isn't a good plan anyways.) Businesses have to drive their model based off of who they want their clientele to be. If you want to include smokers, just give us an area that's warm and safe and we should be fine. I don't see a need to allow smokers in an enclosed area butted up next to non-smokers. It hasn't really been that way for years in most places. The 1950's are over.

Edited by Weaklefthand4ever
Link to comment
Share on other sites

On 11/14/2021 at 10:09 AM, Weaklefthand4ever said:

Agreed. And honestly, I get it. I've always tried to be respectful of non-smokers. Even in my shop, we don't smoke (granted with the amount of wood dust and chemicals that building pool cues generates, lighting up probably isn't a good plan anyways.) Businesses have to drive their model based off of who they want their clientele to be. If you want to include smokers, just give us an area that's warm and safe and we should be fine. I don't see a need to allow smokers in an enclosed area butted up next to non-smokers. It hasn't really been that way for years in most places. The 1950's are over.

Sadly, the casinos are still "violators"......some worse than others......not many years ago, my brother visited, and he wanted to stop at a casino in Chester, Pa........I went in, and had to leave shortly after, the smoke was horrific......I waited in the parking lot.........I know that there are workers in AC who have expressed their concerns....I would not be surprised if it ends up in court again.............actually, things didn't start to improve at all until well into the 1980's, and there is still a ways to go........I grew up in the 60's, and it was horrific then............Vegas has tried to do some ventilation things, but it is still bad........

Link to comment
Share on other sites

On 11/9/2021 at 7:01 AM, rpbobcat said:

When the Atlantic City Casinos reopened after  Covid, Gov. Murphy issued an Executive Order to temporarily ban smoking in them.

It was very well received.

I know a number of people who visit A/C regularly.

They said there didn't seem to be anyone who had a problem with no smoking. 

But Murphy  let the Order expire.

He never gave a reason why.

A lot of people want the ban made permanent, but, so far, nothing.

 

A bit of a follow up to this.

There's an article on nj.com today that's titled "officials in no rush to ban smoking in Atlantic City casinos".

According to the article, New Jersey's  "top political leadership"  is in no hurry to "adopt or even consider"  a bill to ban smoking in Atlantic City Casinos.

Governor Murphy says he would sign the measure of the legislature approves it.

But, its clear from the article, he has no intention of "championing" it.

 

 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...