Politicians are bleeding problem gamblers to fix their budgets—and it isn’t working.

The State Gambling Addiction

BY STEVEN MALANGA

In January, New York governor Andrew Cuomo announced a bold plan to bring a $4 billion casino and conference center to Queens. But the plan fell apart within months, thanks to the reluctance of the state’s prospective partner, the Malaysian gambling company Genting, to undertake the massive investment without a guarantee that it would have the exclusive right to operate casinos in New York City.
...
Read more: www.city-journal.org