Gambling for Economic Development is High Risk

April 13, 2016 Cities

Gambling is intrinsically a zero-sum game. Though there may be locally, in the aggregate, there’s no economic multiplier. So it’s never made sense to me as a viable strategy for economic development. At best, it’s a break-even. And, the odds are that, it simply transfers money from one region to another, mostly from poor to […]

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