I have previously written about the public health effects of casinos on a community. I addressed the broad topic of casino gambling. However, the issue before the
If you are planning on voting on this initiative next week, you should, at the very least, read the Act. You have to know what you are voting for, and the only way to know is to read the Act. The Act is about 30 pages long, and covers a lot of specific details. It’s irresponsible to cast a vote on an issue that you’re not informed about. This is an important issue.
I know of people who are conceptually in favor of casino gambling on
I will quote a few of the paragraphs of the Saipan Casino Act. These are just a few of the sections of the Act. They will give you an idea of the type of detail that is up for vote next week. Read the Act in its entirety, or gather a group of people to read and discuss it. It’s the only way to know what you’ll be voting on.
Here are a few paragraphs:
“Commission. The Mayor [of
“Subpoenas – Oaths. The Commission shall have the power and right to issue subpoenas and to compel the attendance of witnesses at any place within the
“Casino License. There shall be one casino license allowed in the Third Senatorial District [
“Grant of Casino License. The Commission, upon this Act becoming law, shall issue the casino license only to the Northern Marianas Descent Investment Corporation (NMDIC). The license shall be perpetual... The incorporators, directors, officers and shareholders of the NMDIC shall be persons of NMD. NMDIC shall issue shares of common stock duly subscribed in Five Hundred Dollar (US$500.00) par value per share and preferred stocks duly subscribed in one dollar ($1.00) par value per share to natural NMD persons only. No natural person of NMD shall own more than one (1) share of common stocks and twenty-five thousand (25,000) of preferred shares.” (Article III, Section 2a)
“Initial Operating Cost. In the event the Delegation is not able to provide funding for the initial operating cost, the Commission and the Treasurer may incur debt from any government agency or private entity to fund the initial cost of their operation. The debt is not public debt, but shall be repaid.” (Article X, Section 7)
The issue is certainly not, as some have attempted to couch it, “Are you in favor of economic development on