| I Just finished reading Winner Takes All, a highly engrossing account of the last 30 years of the casino business in Las Vegas. Perhaps the best parts of the book are the sections in which the people running Harrah’s (a casino company) try and convince themselves that they are not preying on addicted gamblers. Unfortunately, when you look at the revenue figures, you see that ninety percent of Harrah’s profits come from about ten percent of the gamblers. That’s a pretty good indication that it’s not people looking for a little excitement who are funding all these casinos. This reduces their CEO to arguing that they are still better than tobacco companies. Whatever helps you sleep, I guess. |