6 ms·

Interesting fact: As far as I am aware, it’s illegal to gamble at the casino in Monte Carlo unless you are a foreigner (I.e. it is not legal for citizens of Mon

Interesting fact: As far as I am aware, it’s illegal to gamble at the casino in Monte Carlo unless you are a foreigner (I.e. it is not legal for citizens of Monaco to gamble there). Probably because the country isn’t actually bringing in any new money if locals gamble. There really is no reason to legalize gambling casinos. It is just an inefficient way of moving money around. It doesn’t actually create new value for society as a whole. (Friendly poker games amongst friends and family with small pots are probably fine).

bagels 4y ago
There's an argument that the casino provides entertainment/thrill in exchange for money. I think your argument could be applied to most money spent on entertainment if you don't consider it to be creating "new value for society as a whole"
- deleted 4y ago
  [deleted]
pmoriarty 4y ago
"There really is no reason to legalize gambling casinos." When you make gambling illegal you just drive it underground and fund organized crime, with all the additional crime and corruption that brings with it. The arguments against making gambling illegal are similar to many of the arguments against making drugs and prostitution illegal, such as consenting adults should be free to do what they want as long as it doesn't harm anyone else.
- Arrath 4y ago
  I'd like if we could find a middle ground between gambling prohibition and ads for gambling right from your phone in every break of sports broadcasts as the situation we're quickly finding ourselves in.
  - GCA10 4y ago
    Slightly off topic, but the profusion of weird prop bets on sports is a path toward quiet match fixing that we may never be able to roll back. I'm seeing this in e-sports already, where players can still try hard to win but also "accommodate" gamblers who are betting on odd metrics like over/under on total kills, etc.
  - Ekaros 4y ago
    I think banning of advertising on various things is entirely reasonable approach. Like in Europe prescription drugs can not be advertised to consumers. And I think that is sensible.
- JackFr 4y ago
  > Consenting adults should be free to do what they want as long as it doesn’t harm anyone else. So long minimum wage and workplace safety laws, welcome back indentured servitude.
btilly 4y ago
Lots of places have such rules, either officially or unofficially. In Korea, by law you have to prove you're a foreigner. In the Bahamas it is legal for the locals to bet, but the casinos kick them out. They've had enough experiences of a guy coming in on payday, losing his money, then his wife coming in the next day with a baseball bat to destroy the machine that took the money. Don't want any more.
- schoen 4y ago
  In Singapore, local residents have to pay an expensive annual fee to the government in order to be allowed to gamble in casinos, while foreigners may do so for free.
  - HeyZuess 4y ago
    The money collected from exclusion fees is quite large, 100s of millions in some cases in a year. The very fact that the collections are so big points to a possible fact that exclusion fees are not a deterrent or stop/reduce locals from gambling.
IncRnd 4y ago
> Probably because the country isn’t actually bringing in any new money if locals gamble. That's almost certainly not the reason. They want the revenue but not the societal ills from gamblers.
beardedetim 4y ago
> There really is no reason to legalize gambling casinos. Why should the government outlaw my ability to give my money away however I want to? If I want to go put all my money on black because it's fun to me, why should that be illegal?

bagels 4y ago

There's an argument that the casino provides entertainment/thrill in exchange for money. I think your argument could be applied to most money spent on entertainment if you don't consider it to be creating "new value for society as a whole"

deleted 4y ago
[deleted]

pmoriarty 4y ago

"There really is no reason to legalize gambling casinos." When you make gambling illegal you just drive it underground and fund organized crime, with all the additional crime and corruption that brings with it. The arguments against making gambling illegal are similar to many of the arguments against making drugs and prostitution illegal, such as consenting adults should be free to do what they want as long as it doesn't harm anyone else.

Arrath 4y ago
I'd like if we could find a middle ground between gambling prohibition and ads for gambling right from your phone in every break of sports broadcasts as the situation we're quickly finding ourselves in.
- GCA10 4y ago
  Slightly off topic, but the profusion of weird prop bets on sports is a path toward quiet match fixing that we may never be able to roll back. I'm seeing this in e-sports already, where players can still try hard to win but also "accommodate" gamblers who are betting on odd metrics like over/under on total kills, etc.
- Ekaros 4y ago
  I think banning of advertising on various things is entirely reasonable approach. Like in Europe prescription drugs can not be advertised to consumers. And I think that is sensible.
JackFr 4y ago
> Consenting adults should be free to do what they want as long as it doesn’t harm anyone else. So long minimum wage and workplace safety laws, welcome back indentured servitude.

btilly 4y ago

Lots of places have such rules, either officially or unofficially. In Korea, by law you have to prove you're a foreigner. In the Bahamas it is legal for the locals to bet, but the casinos kick them out. They've had enough experiences of a guy coming in on payday, losing his money, then his wife coming in the next day with a baseball bat to destroy the machine that took the money. Don't want any more.

schoen 4y ago
In Singapore, local residents have to pay an expensive annual fee to the government in order to be allowed to gamble in casinos, while foreigners may do so for free.
- HeyZuess 4y ago
  The money collected from exclusion fees is quite large, 100s of millions in some cases in a year. The very fact that the collections are so big points to a possible fact that exclusion fees are not a deterrent or stop/reduce locals from gambling.

IncRnd 4y ago

> Probably because the country isn’t actually bringing in any new money if locals gamble. That's almost certainly not the reason. They want the revenue but not the societal ills from gamblers.

beardedetim 4y ago

> There really is no reason to legalize gambling casinos. Why should the government outlaw my ability to give my money away however I want to? If I want to go put all my money on black because it's fun to me, why should that be illegal?