We get this $ and they get that $$$ from the casino


I’m sure even a first grader can tell from this title that the CNMI is only going to get a very small amount compared to Best Sunshine from the casino deal. Investors spend money to make money but the disparity in the sharing of the wealth in this casino deal is absolutely ridiculous. Best Sunshine has the potential to walk away with over $100 billion if they average $250 million a year and truly perform like they are supposed to over a 40-year period. But if you add up our share of only $15 million a year for 40 years it is only $600 million, not even $1 billion and may walk away with 99 billion or more! The funny but sad part is the whole casino operation could also fall apart and we end up wasting time and money on building infrastructure for nothing and we have a lot of empty hotels and vacant property to prove it.

This fact should make my “Slavery of God’s CNMI people” letter even clearer if you read it because this example or picture should truly help people to see even better how we got screwed and why Best Sunshine didn’t mind gambling with the $30 million up front and the $10 million for our utility bills with a potential $100 billion at stake. If this didn’t get your attention and make you think, then you might want to have your cognitive processing checked because this is elementary economics.

So to keep it simple, I will stop with this single mathematical fact of financial disparity in our share with the casino for voters to think about. I would like to believe you really have to be just a family member or party loyal to vote for any of those who made this 40-year one-sided deal without your permission. The revenue sharing and the 40 years are the two main reasons it should have gone to the people for a vote because I know voters don’t like this sharing plan. It does not matter that you got your 25 percent pension because the future is obviously not guaranteed and we will be slaves to the casino while being royally screwed for the next 40 years, so think about it.

Ambrose M Bennett
Kagman, Saipan

Ambrose M Bennett Dayao
This post is published under the Contributing Author. He/she does not normally work for Saipan Tribune but contributes for a specific topic or series.

Related Posts

Disclaimer: Comments are moderated. They will not appear immediately or even on the same day. Comments should be related to the topic. Off-topic comments would be deleted. Profanities are not allowed. Comments that are potentially libelous, inflammatory, or slanderous would be deleted.