Alex Texas. Current Controversial Topics. Casinos, sports gambling, and Texas

Read Alex’s Blog Post: https://blog.chime.me/www-alex-realestate/2021/04/25/alex-texas-casinos-sports-gambling-and-texas/

Read Full Article: https://www.texastribune.org/2021/03/09/texas-casinos-sports-betting/

Alex’s take: Like many issues today, this one is very politicized.
From a Texas reality, it’s already here at Horse Tracks, Greyhound Tracks and Indian Casinos. On the other hand, it’s literally everywhere.

From a fiscal standpoint, it’s another NEW tax based revenue source.

From a development perspective, it represents huge new potential investments across Texas.

From a personal perspective and for full disclosure, my highly respected Father, was a Bookie before he was an Accountant. Best g.

Texas Tribune’s Take: (Beyond the political comments with Cities Bolded by Alex for reference and Alex market cities links added) “…the legislation calls for a land and development investment of at least $2 billion in Dallas–Fort Worth and Houston, as well as $1 billion for San Antonio and Austin…

…The “destination resort” licenses would be considered “Class I” licenses. The legislation would then create three “Class II” licenses for “limited casino gaming” at horse-race tracks in Dallas–Fort Worth, Houston and San Antonio. After that, two “Class III” licenses would be made available for similarly limited casino gambling at greyhound tracks in Corpus Christi and Harlingen…

…The full casino legalization would also extend to the state’s three federally recognized Native American tribes at their reservations in El Paso, Eagle Pass and Livingston. They are currently able to offer limited gaming….

…The legislation also would generate fresh revenue for the state by imposing a 10% tax on table games and 25% on slot machines. State lawmakers face a nearly $1 billion budget shortfall, but Las Vegas Sands has downplayed casinos as a short-term solution to the deficit, instead focusing on their long-term impact when it comes to economic development, jobs and tourism…”

Alex.real estate: Learn about real estate including property for sale, sold data on individual homes, statistics and trends at the subdivision/neighborhood level in regions impacted by potential legislation:
Austin Region
Dallas Region
Fort Worth Region
Houston Region
San Antonio Region

And, in these other Alex Regions:
Boerne Region
Fredericksburg Region
Georgetown Region
Horseshoe Bay Region
Waco-Temple Region

About Alex: Alex is coming May 1, 2021. Deep Intelligence. Genius Real Estate. Alex brings personalized, data-driven intelligence to the high-end real estate market. Let Alex over-achieve on your behalf.

For more information:

Call anytime or schedule on my calendar: https://calendly.com/george-alexander/15min.

Best.

g

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