Tuesday, May 31, 2011

A couple of interesting stories on the business of gambling

American Public Media's Marketplace has a report on one of those you've-got-to-be-kidding business models. Not sleazy (the people behind it actually go out of their way not to take advantage of customers who might develop a serious problem), but this online casino is another example of people willingly paying money for something they can get for free.

By comparison, the AP has this account of a casino model that players have remarkably little interest in. Given the emergence of casinos in nearby states and the stagnant economy, the decline in Atlantic City isn't exactly unexpected, but this piece is still worth checking out and the title "Monopoly lost: Atlantic City's rise and fall" is definitely good for some bonus points.

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