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> The moral case against gambling transcends American Protestantism. Many Asian countries ban casinos and others restrict them to foreigners. In South Korea, 13
by chillacy 5y ago
> The moral case against gambling transcends American Protestantism. Many Asian countries ban casinos and others restrict them to foreigners. In South Korea, 13 of its 14 casinos are off-limits to Korean citizens. China has no casinos at all, except in the enclave of Macau.
Maybe I'm missing something, but this doesn't look like a moral case at all, rather a practical understanding that mass gambling is a profitable social ill, so better to take money from foreigners while keeping your own citizens away.
If these countries had a moral "gambling is wrong" belief, I don't think they'd allow foreigners to participate either. And if they really believed in this cause and had the ability they'd try to lobby/coerce others to their cause.
- imtringued 5y agoThe interesting part is that gambling profit is a pure externality. In theory you could run a fair casino where the very small house edge is only there to pay the staff and rent, not the profits of the company. With conventional monopolies at least you are getting a service or a product that is worth paying the profit. Gambling is designed to manipulate you into thinking it is worth the money, when it mathematically can't be worth it.