Study Exposes Predatory Gambling
Special Report - October 13, 2011
The Stop Predatory Gambling Foundation, an organization devoted to highlighting the harms caused by government policies that allow and promote gambling, has released a new report that exposes the fact that many who benefit from the gambling industry do not themselves gamble. The report, entitled “The Smartest Guys Not in the Room” provides a long list of individuals who promote gambling for the benefit of business or government, but who do not personally gamble. The names include well-known casino owner Donald Trump, CEO Gary Loveman of Caesar’s Casinos, billionaire casino magnate Stanley Ho, and Gaming Hall of Famer William “Si” Redd, who is best known for inventing the International Game Technology video poker machine, as well as many elected federal and state officials.
Announcing the release, Les Bernal, Executive Director of the Stop Predatory Gambling Foundation wrote, “why don’t most predatory gambling operators and promoters lose their own money gambling? Because the government policy of casinos and lotteries is based on deceiving citizens into thinking they can win money, despite the mathematical certainty they will lose their money over time. The more frequently they gamble, the more money they lose.” In fact, the report cites gambling as “the only ‘product’ or ‘service’ where most of the people who own it and promote it, don’t use it and don’t want to live near it.”
Bill Brooks, president of the North Carolina Family Policy Council, responded to the report, commenting, “Gambling is inherently a predatory scheme that preys on some of our most vulnerable citizens. This report clearly exposes the hypocrisy of the businessmen and government officials who promote gambling, but know better than to themselves gamble. This report should only serve as further evidence as to why the government needs to get out of the gambling business altogether and instead, look for real, substantive policies to provide real help for our citizens and our economy.”
Study Says Lottery Entices the Poor - January 7, 2011
NC Lottery Recognizes Gambling Problem - March 12, 2010
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