On behalf of The Silicon Valley Organization (The SVO), we are writing to express our strong opposition to any consideration of withdrawing game approvals or any statewide ban of 21/Blackjack games. By way of background, The SVO is the Silicon Valley’s premier business advocacy organization representing 1,400+ companies that employ nearly 300,000 workers and we represent our membership as the region’s largest Chamber of Commerce.
As the leading voice of business in our region, we recognize the critical importance of the local gaming industry that supports our community through an increased tax base and by providing good-paying jobs for our residents. Since 2012, Casino M8trix alone creates about 900 jobs and has contributed nearly $50 million in municipal taxes to support the City of San Jose. Given that the gaming industry makes significant contributions in community benefits for Silicon Valley, the potential elimination of 21/Blackjack games would immediately threaten essential municipal government services that must operate on a tight budget. The proposed ban would severely limit revenue options for the local gaming industry, could potentially force cuts to local municipal budgets, and hinder the quality of life for our residents throughout Silicon Valley