debitncredit
debitncredit
Joined: Jul 4, 2012
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February 3rd, 2013 at 8:02:34 AM permalink
Quote: tringlomane

If the "free market" applied in PA, games would become significantly worse the very day the regulation was lifted. Believe it or not, sometimes regulation can be beneficial!



There's a minor fault in the logic. If the casino market is a "free market" in PA, there would be a lot more casinos in PA and there would be competition in the market. At best, PA casinos are in a state protected oligopoly, so it's wrong to say that free market doesn't work. Free market doesn't work in oligopoly.

tringlomane, this post is nothing against you. I just wanted to chime in. This is like when Yankees fans complain about the MLB revenue sharing and say that the MLB should let the market decide who makes more money than others. The premise is wrong, because if the market did decide, New York would have 3 or 4 teams, not two. MLB is a federally protected oligopoly (the only written exception in the Sherman Anti-Trust Act). Again, free market doesn't work in oligopoly.
Buzzard
Buzzard
Joined: Oct 28, 2012
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February 3rd, 2013 at 8:10:14 AM permalink
The courts have totally exempted professional baseball and have provided specialized exemptions for other amateur and professional sports organizations from antitrust actions stating they are not in interstate commerce because sporting events are "entertainment, not business." Thus, the NFL, NBA, NCAA, AAU, and a variety of other associations in our multibillion-dollar sports industry are reasonably free to collude against their employees, potentially competitive organizations, or each other. These exemptions are increasingly under attack in the courts.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
debitncredit
debitncredit
Joined: Jul 4, 2012
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February 3rd, 2013 at 8:12:43 AM permalink
Quote: Buzzard

The courts have totally exempted professional baseball and have provided specialized exemptions for other amateur and professional sports organizations from antitrust actions stating they are not in interstate commerce because sporting events are "entertainment, not business." Thus, the NFL, NBA, NCAA, AAU, and a variety of other associations in our multibillion-dollar sports industry are reasonably free to collude against their employees, potentially competitive organizations, or each other. These exemptions are increasingly under attack in the courts.



American lobbying at its best. Also exempted: insurance industry. Ever wonder why there are only two freaking insurance providers in the whole freaking state?
Buzzard
Buzzard
Joined: Oct 28, 2012
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February 3rd, 2013 at 8:33:46 AM permalink
Simply the application of the golden rule. He who has the gold, makes the rule.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
tringlomane
tringlomane
Joined: Aug 25, 2012
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February 5th, 2013 at 3:06:45 PM permalink
Quote: debitncredit

There's a minor fault in the logic. If the casino market is a "free market" in PA, there would be a lot more casinos in PA and there would be competition in the market. At best, PA casinos are in a state protected oligopoly, so it's wrong to say that free market doesn't work. Free market doesn't work in oligopoly.

tringlomane, this post is nothing against you. I just wanted to chime in.



It's okay, I wrote it without much detailed thought anyway. But your post made me think of the following: Aren't all states this way with regards to the creation of casinos? I know my home state of Missouri has ZERO plans to create another casino license. Hell, creating the 13th one for Cape Girardeau was probably a big enough mistake.

But what makes PA unique though is that a legislator at some point thought it was a really good idea to protect the favorable rules of blackjack through legal means. Why they decided to do that, I really don't know.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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February 5th, 2013 at 5:18:48 PM permalink
I believe the majority of the casinos are in collusion together and this for the most part is the truth. Regulations appear to be up to the states as to what the casinos can offer above minimum paybacks, but many disagree. Slot manufacturers probably tell each other what their competitors are offering more or less, but in an indirect way.
I am a robot.

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