The establishment of the integrated resort would potentially result in significant economic benefits, including job creation and increased state revenue through a new wagering tax alongside traditional tax sources such as the general excise tax and transient accommodation tax. The bill outlines a development agreement stipulating that at least $200 million is to be invested in building the resort, with the local populations, particularly Native Hawaiians, benefiting from job training initiatives tied to the gaming industry. This could foster a more sustainable economic future for Hawaiian residents.
House Bill 359 proposes to authorize limited casino gaming in the form of a single integrated resort property located on Hawaiian home lands designated for commercial use on the island of Oahu, excluding areas west of Ko Olina. This innovation aims to address the significant funding shortfalls faced by the Department of Hawaiian Home Lands, which has been exacerbated by the economic impact of the COVID-19 pandemic. The bill asserts that the revenue generated from casino gaming will primarily benefit the department, thereby supporting its mission to serve Native Hawaiian beneficiaries.
While proponents view the bill as a stepping stone toward resolving the long-standing financial issues surrounding the department, opponents may raise concerns about the implications of introducing casino gaming in Hawaii. There could be apprehensions regarding the social impact of gambling, including issues related to gambling addiction and the cultural ramifications for Native Hawaiian communities. Additionally, some stakeholders may dispute the allocation of funds generated from gaming, advocating for a more equitable distribution that directly benefits the affected communities.