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Wednesday, September 21, 2011

“The Smartest Guys Not in the Room”

From our friends at Stop Predatory Gambling - worth reading in its entirety --

Today we released “The Smartest Guys Not in the Room” report. It is an incredible list of gambling operators, slot machine designers and public officials who profit from and promote government's predatory gambling program, but who don't gamble themselves. It’s a quick but memorable must-read. You can find it here on our website.


Why don’t most predatory gambling operators and promoters lose their own money gambling? Because the government policy of casinos and lotteries is based on deceiving citizens into thinking they can win money, despite the mathematical certainty they will lose their money over time. The more frequently they gamble, the more money they will lose.

It is like Ken Lay, the infamous CEO of the failed energy giant Enron, raising the hopes of thousands of his employees by telling them their retirement funds invested in the company are safe, while at the same time he was selling millions of dollars of his own company stock before it tanked.

If they did gamble regularly like those citizens in Philadelphia who are now losing their money in casinos more than 200 times a year, they would understand why government needs to get out of the predatory gambling business. Because as former three-term New York Governor Mario Cuomo once said, “Anyone who has ever seen the problems gambling creates for families could never be in favor of establishing casinos.”

I am asking you to please share "The Smartest Guys Not In the Room" with your email list and any social networks you participate in like Facebook and Twitter.

If you support our efforts to educate America about why government needs to get out of the predatory gambling business more than ever, please donate today.

Thank you,

Les Bernal
Executive Director
Stop Predatory Gambling Foundation

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