Wednesday, February 29, 2012

Gwinnett is great — for gambling, sez developer

Posted By on Wed, Feb 29, 2012 at 1:50 PM

Developer Dan O'Leary, the guy who runs Underground Atlanta, now has a proposal to build a $1 billion casino complex in Norcross, reports the AP.

Yes, you read that right. Let's say it all together: One BEEEEEEEL-YUN dollars. And no native Americans involved. O'Leary's proposal envisions "a towering hotel, a spacious theater and a game floor with 7,500 video lottery machines."

Why would our Red State politicians support this plan? Well, for one, O'Leary claims the casino could contribute $350 million a year to help fund the struggling HOPE scholarship. Also, there's this:

O’Leary said his new project won’t need legislative approval because it involves video terminals already permitted under state law. But it will need the backing of the Georgia Lottery Board, which would regulate the machines, and whose members are appointed by Gov. Nathan Deal.

It's a similar setup to what he unsuccessfully proposed for Underground Atlanta three years back. Instead of the standard electronic slot machines, the casino would have "video lottery terminals," devices that look similar but use a lottery-based system for yielding winning numbers.

We're now taking bets on whether anything will come of this.

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