Has anybody ever heard the story about the first casino in Atlantic City? Well this new development about the Kansas City Penguins sort of applies. Back before gambling had been legalized in the state of New Jersey, one man started gambling huge before the bill went through. In a huge risk/reward move, he started building his casino before gambling was legalized to have it completed by the time the bill had moved through. Well, we all know how that turned out because you can gamble in A.C. now. The bold man who made that gamble had a huge monopoly for the entire construction period for the other casinos and (I’m guessing) made a ton of money.
How does this apply to Kansas City? They built an arena in hopes of landing the Penguins from Pittsburgh and are now stuck with an empty Sprint Center. You win some, you lose some.