🖐 France's Casino to overhaul Latam holdings, GPA shares soar - Reuters

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Lobbyists bending councillors' ears on the casino issue include the brother of Councillor Frances Nunziata, a pro-casino member of the Mayor.


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Casino's Chief Financial Officer David Lubek told Reuters the move would “help improve the value of the Latin American assets.” This could thus.


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This is a space where subscribers can engage with each other and Globe staff. Even under the present OLG regime, there are those who gamble to excess. One is to start with the basic premise that gambling is just a form of entertainment. Log in. Why force people to choose between saving and buying a lottery ticket when people could earn lottery tickets by saving? Why should gambling be any different? A study by University of Lethbridge professors Robert Williams and Robert Wood found over one third of OLG revenue comes from the 5 per cent of gamers who are "problem gamblers. On Wednesday, I received a call from a reporter desperately trying to find a credible expert prepared to speak in favour of the OLG's plans to build a downtown casino in Ottawa. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Log out. Page ancestor: Back to Cannabis Professional. This same review found no evidence that increased gaming revenues lead to better or improved public services. Contact us. Frances Woolley is a professor of economics at Carleton University On Wednesday, I received a call from a reporter desperately trying to find a credible expert prepared to speak in favour of the OLG's plans to build a downtown casino in Ottawa. A second way of approaching the economics of casinos is to start with the presumption that gambling is a potentially dangerous activity, like drinking and smoking. For example, banks in countries around the world offer lottery linked savings accounts. If you are looking to give feedback on our new site, please send it along to feedback globeandmail. Due to technical reasons, we have temporarily removed commenting from our articles. Read most recent letters to the editor. Click here to subscribe. Open this photo in gallery:. Story continues below advertisement. Most people accept that competition is the best guarantee of quality goods and service. We hope to have this fixed soon. We aim to create a safe and valuable space for discussion and debate. If you want to write a letter to the editor, please forward to letters globeandmail. Thank you for your patience. Correlation is not causation, but the experience south of the border is enough to cast doubt on the argument that higher gambling revenues will lead to better funded schools and hospitals. This article was published more than 8 years ago. Instant games, such as slot machines, are particularly insidious. Special to The Globe and Mail. Show comments. Study after study, as summarized in this recent comprehensive review , finds that lottery and other gaming revenues come disproportionately from lower income people. Readers can also interact with The Globe on Facebook and Twitter. Frances Woolley is a professor of economics at Carleton University. That means: Treat others as you wish to be treated Criticize ideas, not people Stay on topic Avoid the use of toxic and offensive language Flag bad behaviour Comments that violate our community guidelines will be removed. Published April 5, Updated April 5, Published April 5, This article was published more than 8 years ago. Report an error Editorial code of conduct. Read our privacy policy to learn more.{/INSERTKEYS}{/PARAGRAPH} Frances Woolley. Indeed, if there was more competition in the gambling market, there is the possibility that products would emerge that harnessed people's propensity to gamble in positive ways. Read our community guidelines here. Yet, if gambling is just another form of entertainment, what is the justification for providing it through an OLG monopoly? I'm a print subscriber, link to my account Subscribe to comment Why do I need to subscribe? Follow Frances Woolley on Twitter franceswoolley. I appreciate the sacrifice that those people, and their families, are making to pay for schools and hospitals for the rest of us, but surely there must be a fairer way of raising revenue? Customer help. Some information in it may no longer be current. {PARAGRAPH}{INSERTKEYS}The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures. Article text size A. If you would like to write a letter to the editor, please forward it to letters globeandmail. There is no fundamental difference between visiting a casino and going to watch a Leafs game — in both cases, the odds of winning are less than one might like. There are two ways of approaching the economics of casinos. Log in Subscribe to comment Why do I need to subscribe? They prey on those who seek instant gratification, and study after study shows that success in life is strongly related to the ability to defer gratification, to avoid eating the marshmallow. Which made me wonder, does balanced journalism mean finding people to support stupid ideas?