Indian Gaming Today

Monday, August 14, 2006

Virtues and Vices of Gambling

Thread: Gambling and Risk-Taking Conference

As we mentioned in our July 18 posting on the Tahoe gaming conference we attended, there were many opportunities to hear about the virtues or vices of gaming.

On the virtue side, we heard speakers extol the massive investments in new casinos on the Las Vegas Strip (MGM Mirage is spending an astounding $7 billion on the new Project CityCenter development, which promises to further transform the Strip as well as up the ante on Vegas’ future as a global destination), the new frontier of Internet gambling and why it makes little sense for Congress to try to fence it in, and how the casino industry was taking it upon itself to deal with problem or pathological gambling.

The three main vices discussed at the conference seemed to be problem and pathological gambling, excessive or ill-informed government regulation, and Indian gaming. Which of these is not like the others? Tune in to find out.