The casino industry is full of contradictions. Steve Wynn's father was a degenerate gambler who died with serious gambling debts. Sheldon Adelson, who has made billions from gambling addiction, has spent millions fighting online gambling. Why? Here's a direct quote [1]:
"[My father] was poor, but he loved to gamble. I saw the cost of a family immersion into losing money on gaming. When I look at people like that, I see the faces of my parents."
Yet he has no issues with taking money from such families on an unprecedented scale - as long as it's in person. You have to be very...."morally flexible"......to work anywhere near the gaming industry. It is built specifically to create and exploit gambling addiction - roughly 50% of revenue comes from 2% of players.
"[My father] was poor, but he loved to gamble. I saw the cost of a family immersion into losing money on gaming. When I look at people like that, I see the faces of my parents."
Yet he has no issues with taking money from such families on an unprecedented scale - as long as it's in person. You have to be very...."morally flexible"......to work anywhere near the gaming industry. It is built specifically to create and exploit gambling addiction - roughly 50% of revenue comes from 2% of players.
[1] http://www.fool.com/investing/high-growth/2014/10/20/g2e-201...