All posts tagged: The Spectacular Failure of Government-Sanctioned Gambling

Louisiana State Government Has a Self-Inflicted Epidemic of Gambling Addiction

According to the Louisiana Association on Compulsive Gambling, about 4.4 percent of adults over 21 in Louisiana, or as many as 159,000 people, demonstrate problematic or pathological gambling. The problem is even worse among young adults. About 14.3 percent of adults between 18 and 21 have problematic or pathological gambling issues. That’s as many as 23,000 people.

Thousands treated annually for addiction

LesLouisiana State Government Has a Self-Inflicted Epidemic of Gambling Addiction
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Online lottery sales, meant to draw in younger gamblers, draw opposition

Lotteries tell the public “people are gambling anyway” but there is no question that lotteries are actively targeting and creating new gamblers to get them to lose their money. In this story, the Maine Lottery Director describes the strategy: “While our lottery revenue generation is doing reasonably well, our consumer or customer head count participation is flat to slightly down….the lottery needs to bolster sales to the “Generation Y” segment of the population, 18-to 30-year-olds that embrace the Internet.”

Online lottery sales, meant to draw in younger gamblers, draw opposition

LesOnline lottery sales, meant to draw in younger gamblers, draw opposition
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FBI crime numbers show crime has increased in Pennsylvania cities since casinos were built

According to FBI crime numbers and the district attorney of Luzerne County (the location of a casino owned by Mohegan Sun), crime has actually gone up in several categories since the casino opened in 2006. From 2005 to 2010, larcenies shot up 20 percent, property crime jumped 13 percent and aggravated assaults increased 12 percent. “I believe it’s just increasing,” said Luzerne County District Attorney Stefanie Salavantis. “Yes, homicides may have gone down, but every year is different with homicides and rape. The burglaries, the property crime — those things I don’t think have gone down. … We get approximately 5,000 cases a year, and it’s been increasing.”

In Bethlehem, a casino opened in July 2010. While FBI statistics are not available for 2011, the bureau’s numbers for Bethlehem from 2009 to 2010 show a 6 percent increase in violent crime and a 7 percent increase in property crime, as well as jumps in robbery and larceny. Burglary in Bethlehem rose 20 percent over those two years.

2012 Suffolk CEO says casino will reduce crime in Eastie but numbers don’t add up

CkirbyFBI crime numbers show crime has increased in Pennsylvania cities since casinos were built
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A look at “The Profit Optimization suite” software used by casinos to squeeze the maximum amount of money out of customers

This article provides a window into how casinos like Caesars squeeze the maximum revenue out of customers.  The software described here has increased Caesars revenue by $50 million per month (even while room occupancy rate actually declines.) The article concludes: “Filthy, you say? Maybe so. But Rainmaker has more than two dozen customers in the casino business so it’s not out of the question that the company has helped customers to the tune of billions of dollars.”

A look at “The Profit Optimization suite” software used by casinos to squeeze the maximum profits

 

LesA look at “The Profit Optimization suite” software used by casinos to squeeze the maximum amount of money out of customers
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Payday Lenders and Indian Tribes Evading Laws Draw Scrutiny

Due to sovereign immunity, the legal doctrine that restricts state interference in tribal affairs, many partnerships between Native American Tribes and federal regulators are being put under the microscope. These partnerships are drawing a lot of scrutiny given their allowance of predatory lending and finding loopholes in federal laws.

Payday Lenders and Indian Tribes Evading Laws Draw Scrutiny

LesPayday Lenders and Indian Tribes Evading Laws Draw Scrutiny
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Problem gambling is now considerably more common than alcohol dependence in the U.S

Living within 10 miles of a casino doubles your risk of problem gambling. This is just one of the compelling statistics in the third “Expert Summary” issued by the University at Buffalo’s Research Institute on Addictions. Another incredible statistic found was that problem gambling is considerably more common than alcohol dependence in the U.S. The prevalence of problem gambling in the U.S is properly highlighted in this article.

New-Expert-Summary-Highlights-the-Prevalence-of-Problem-Gambling-in-the-U.S.

CkirbyProblem gambling is now considerably more common than alcohol dependence in the U.S
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Slots and Safety at New Mexico Tracks

One of the first states to approve slot machine gambling at horse tracks, New Mexico now has been tagged with the worst safety record in racing. Nationwide, the newspaper found the industry “still mired in a culture of drugs and lax regulation and a fatal breakdown rate that remains far worse than in most of the world.” In addition, slots are now the tail that wag the horse, accounting for most of the revenue at tracks and turning racing into a side business, and perhaps the biggest reason for safety plummeting.

Slots and Safety at New Mexico Horse Tracks

LesSlots and Safety at New Mexico Tracks
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