Wednesday, December 19, 2007

Two-armed bandits

The big story yesterday was Gov. Deval Patrick's testimony -- in front of a legislative committee -- that casino gambling is good for Massachusetts. However, before rushing down a course we will be unable to reverse, everyone should be clear on what is going to happen here: A few rich people are going to get even richer.

Check out the story in Sunday's Globe about the profits at Mohegan Sun, one of Connecticut's two gaming destinations. A pair of investors has made off with $369 million, while this year each member of the Mohegan tribe collects $38,000. That is not what was intended by the Indian Gaming Act.

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