Foxwoods and Mohegan Sun have had the northeast US casino market almost all to themselves. But times are changing. They will soon be challenged by new casinos in Massachusetts and New York. Will they survive?
Worldwide, gambling activities are growing. But changes are occurring: we see different forms and locations. These changes are examined and investment opportunities are discussed.
The article examines US government policies to curb the most dangerous addictions: smoking, drinking, drugs, and overeating. Bans never work. It concludes by recommending that for all addicts should pay an increasing share of the health costs they incur.
There are large differences between gambling in the US and Asia. This article sets forth these differences and traces out their significance going forward.
© Elliott R. Morss, Ph.D.
I write about gambling because it ranks 6th behind drinking, drugs, sex, restaurants, and movies as a global entertainment industry. But I am hardly an expert on the subject. So having just visited Las Vegas and written a couple of pieces on coming casino problems in the northeast US, I decided to interview two people who are paid to know more than anyone about global gambling.