Most racetracks are vestiges of an era when horse racing was the only gambling game in town, and when you had to be at the track to place a wager.

FORBES: Building A Better Racetrack Is Not A Losing Bet

He thinks that Blackpool should aim for the plushness of Las Vegas but develop the town on the lines of America's other gambling Mecca, Atlantic City.

ECONOMIST: Blackpool as Las Vegas

"Mr. Costner isn't the first person to come to Deadwood with big dreams that didn't come true, " says Francis Toscana, mayor of the gold-rush era town that has found new life in gambling and tourism.

WSJ: Forget 'Wolves'��Kevin Costner Grapples With Bison These Days