HorsesAss.Org

  • Home
  • About HA
  • Advertise
  • Archives
  • Donate

Canadian bankers banking on I-892

by Goldy — Wednesday, 10/27/04, 12:08 pm

Since Tim Eyman places so much emphasis on following the money of campaign contributions, it is interesting to note once again that I-892’s biggest backer is Richmond B.C. based Great Canadian Gaming Corporation… to the tune of $210,000 (US) thus far. (That we know of.)

How important is I-892 to Great Canadian? Important enough that Canadian investment bankers are closely following the initiative.

How do I know? Web stats.

My web stats will sometimes show me the domains of visitors, and the search words they used to find my site. And lately I’ve noticed quite a few Canadian visitors, some clearly identifiable as financial institutions.

For example, today alone I’ve seen a number of visits from Toronto based TD Bank Financial Group, googling phrases like “initiative 892 latest poll” or “latest poll on washington state slots”.

TD Bank has a lot riding on this initiative. On September 30, 2004 they led a $150 million bond offering on behalf of Great Canadian, and agreed to provide an additional $100 million in credit. Some of that money will surely be used to finance Great Canadian’s plans to dominate the WA gambling market… and if I-892 passes, the return on investment will soar.

So if a Canadian bank with over CDN $300 billion in assets is following I-892 so closely, you get an idea of how profitable its passage would be for its corporate sponsors.

Share:

  • Facebook
  • Reddit
  • LinkedIn
  • Email
  • Print

Related

Comments

  1. 1

    Josef spews:

    Wednesday, 10/27/04 at 8:39 pm

    I have been following the Canadian financial papers, too.

    Like Bloomberg – see http://quote.bloomberg.com/app.....fer=canada and “The funds will be used to repay existing debt, finance construction of casinos and renovate a horse-racing track”.

    Good catch. Methinks the Corporate Canadian invaders want to take over our initiative process. One of the things I tell people is that this could be a Pandora’s Box not for Washington State but the nation. Corporate Canada will percieve this as a green light to “play” in our states’ initiative process. I sure wish Michael Moore would do a DVD on it – even though half of it will be distortion. Oh, that’s right: Eyman’s all distortion.

  2. 2

    Josef spews:

    Wednesday, 10/27/04 at 8:43 pm

    Ooops – I forgot to add that GC Gaming has put out an update today on the litigation you wrote about at http://www.gcgaming.com/invest.....27-04.html. Thank God, I say.

Recent HA Brilliance…

  • Wednesday Open Thread Wednesday, 5/7/25
  • Drinking Liberally — Seattle Tuesday, 5/6/25
  • Monday Open Thread Monday, 5/5/25
  • Friday Night Multimedia Extravaganza! Friday, 5/2/25
  • Friday Open Thread Friday, 5/2/25
  • Today’s Open Thread (Or Yesterday’s, or Last Year’s, depending On When You’re Reading This… You Know How Time Works) Wednesday, 4/30/25
  • Drinking Liberally — Seattle Tuesday, 4/29/25
  • Monday Open Thread Monday, 4/28/25
  • Monday Open Thread Monday, 4/28/25
  • Friday Night Multimedia Extravaganza! Saturday, 4/26/25

Tweets from @GoldyHA

I no longer use Twitter because, you know, Elon is a fascist. But I do post occasionally to BlueSky @goldyha.bsky.social

From the Cesspool…

  • Roger Rabbit on Wednesday Open Thread
  • Roger Rabbit on Wednesday Open Thread
  • Elijah Dominic McDotcom on Wednesday Open Thread
  • Roger Rabbit on Wednesday Open Thread
  • Roger Rabbit on Wednesday Open Thread
  • Roger Rabbit on Wednesday Open Thread
  • Roger Rabbit on Wednesday Open Thread
  • EvergreenRailfan on Wednesday Open Thread
  • lmao on Wednesday Open Thread
  • lmao on Wednesday Open Thread

Please Donate

Currency:

Amount:

Archives

Can’t Bring Yourself to Type the Word “Ass”?

Eager to share our brilliant political commentary and blunt media criticism, but too genteel to link to horsesass.org? Well, good news, ladies: we also answer to HASeattle.com, because, you know, whatever. You're welcome!

Search HA

Follow Goldy

[iire_social_icons]

HA Commenting Policy

It may be hard to believe from the vile nature of the threads, but yes, we have a commenting policy. Comments containing libel, copyright violations, spam, blatant sock puppetry, and deliberate off-topic trolling are all strictly prohibited, and may be deleted on an entirely arbitrary, sporadic, and selective basis. And repeat offenders may be banned! This is my blog. Life isn’t fair.

© 2004–2025, All rights reserved worldwide. Except for the comment threads. Because fuck those guys. So there.