I agree entirely that site is the best location for the entrance to a train line under the city, given that won't happen for decades however (if ever) it is basically irrelevant in terms of development plans. Think how many other reserved transport corridors have been built on over the years.Aidan wrote:Building anything there would be incredibly stupid, as it's the best location for a railway tunnel portal. And if all the other developments go ahead, it will be the only suitable location.adam73837 wrote:As I have not seen a map of this development, what I'm about to say is relatively uninformed. I remember that last year, either the Libs or the ALP (I think it was the latter) mentioned something about building a new Casino on the riverfront. Perhaps this area of which Nort speaks could be used for such a thing. Although, I'm sure the land would be quite narrow, so I suppose we could build it upwards, but I can't make an informed statement. Anyone?Nort wrote: Once this is built along with the RAH and HMRI the only exposed bit of rail from North Terrace will be between the HMRI and the bridge. I would not be surprised at all to see that make that spot of land become very appealing for some sort of development over the trainlines.
And what good would a new casino do SA anyway?
As for what good a new casino would do SA? In terms of overall benefit to the state, very little. However the casino is a private business now and it's pretty widely known that Skycity want to move the casino to a new site at some point.
Actually a lot of the casino's revenue goes straight into tax. Being the states only licensed casino comes at a cost.Aidan wrote:That argument may have had some validity before the GST was introduced, but I very much doubt it does now. Essentially the government gets a slice of the money whatever people spend it on. But when it's spent on casino gambling, the public get practically nothing in return. Technically it counts as entertainment, but there's nothing entertaining about it when you don't have money at stake.Omicron wrote:New casino = larger casino = more gambling = increased gambling taxation revenue.Aidan wrote: And what good would a new casino do SA anyway?
And without a larger casino, we could instead have more of other forms of gambling, such as spread betting (which indirectly, through the hedging activities of the bookies, has the useful function of increasing liquidity in financial markets) and sports betting (which gets people more interested in sport).
If our casino attracted the international high rollers, it could be different. But even if it expands, it's never going to be in the same league as Melbourne, let alone Vegas or Macau. So we'll lose much more than we gain.