Navigation Links
New book series renews call for ban on gambling
Date:4/2/2009

CHAMPAIGN, Ill. Banning gambling is among the best bets to reverse a deep recession that has crippled the global economy, according to a new collection of books that offer the most comprehensive analysis ever on the financial perils of wagering.

The United States International Gambling Report Series recommends the United States and other countries follow Russia's lead, shuttering casinos that undermine economic growth and cost taxpayers at least $3 for every $1 in benefits as a result of increased bankruptcies, crime and gambling addictions.

"What do the Russians know that is still eluding U.S. government officials?" says University of Illinois professor John W. Kindt, a nationally known gambling critic and contributing author and editor of the three-volume series. "They know that you can't gamble yourself to prosperity. It actually makes everything worse."

Personal bankruptcies soar 18 to 42 percent in areas with casinos, crime jumps 10 percent and rates for new addicted gamblers double, according to the nearly 3,000-page series, which compiles decades of academic and government research on gambling and its costs to society.

While adding costs for government programs, gambling also siphons money away from the traditional consumer economy, where an economic "multiplier effect" triples the value of every dollar spent by creating jobs that supply goods and services, research shows.

"Money spent on gambling is not spent on cars, refrigerators, computers and other consumer products," Kindt said. "Money that goes into gambling is primarily used to build more casinos, which just compounds the negative economic impact."

The series predicts economic growth will soon rebound in Russia, which virtually abolished legal gambling by shutting down 2,230 casinos in 2006-07 after two decades of expansion that mirrored the rise of gambling in the U.S.

Kindt, a professor of business and legal policy, hopes the U.S. will consider following suit as it seeks to halt the nation's deepest economic downturn since the Great Depression.

"They're looking for solutions, and this is an obvious solution," he said. "It's in every economic textbook. You can't gamble your way to prosperity. It creates no products or new jobs, so we need to get rid of gambling to pump-prime the economy."

The U.S. International Gambling Report Series is the first academic collection to take a comprehensive look at gambling, according to publisher William S. Hein & Co., based in Buffalo, N.Y.

Five years in the making, the vast collection of academic and government reports was compiled by the Research Editors Doctoral Directorate on Gambling, a loosely knit group of doctoral researchers initially based at the U. of I.

"Gambling: Executive Summaries and Recommendations" kicks off the three-volume series, renewing calls to outlaw gambling that have mounted since the 1999 U.S. National Gambling Impact Study Commission sought a moratorium on gambling expansion.

The remaining volumes reprint hundreds of reports that explore specific consequences of gaming "Gambling With National Security, Terrorism and Military Readiness" and "Gambling With Crime, Destabilized Economies and Financial Systems."

Kindt says the exhaustive collection of research will aid the public and policy makers when calls to curtail gambling spark renewed debate with the gambling industry and its powerful lobby.

"It's simply a question of whether the American public is going to listen to special interest groups or if they're going to demand that their government focus on public health, safety and welfare," Kindt said. "That's between the public and their elected officials. All we can do is present the research."


'/>"/>

Contact: Jan Dennis
jdennis@illinois.edu
217-333-0568
University of Illinois at Urbana-Champaign
Source:Eurekalert

Related medicine news :

1. Easter Seals Celebrates World Autism Awareness Day, Hosting Series of Community Forums to Identify Needed Services and Supports for Families
2. Edifecs Launches First of a Series of Edifecs5010(TM) Migration Educational Webinars Addressing 5010 Migration Challenges, Opportunities and Solutions
3. In Five-Part Video Series, Yoga Journal Hires The Inappropriate Yoga Guy as Editor
4. Lumension Unveils Optimal Security Podcast Series on iTunes
5. ReGear Life Sciences Closes $2.5 Million in Series A Financing Following $1M Investment by Stonewood Capital Management, Inc.
6. HealthSouth Declares Dividend on 6.5% Series A Convertible Perpetual Preferred Stock
7. Inverness Medical Innovations to Pay April Series B Dividend in Additional Shares of Series B Stock
8. Patient Guide Series Takes the Gibberish Out of Medicine
9. Ty Cobb Healthcare Systems Announces Modified Dutch Auction Tender Offer for Its Revenue Anticipation Certificates, Series 1999
10. Beckman Coulter Announces First in Series of Flow Cytometry Product Introductions for 2009
11. Perot Systems Launches Webinar Series and Website Resources on Healthcare Stimulus Plan Provisions
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Global Healthcare Management’s 4th ... Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s CEO, ... The fun run is geared towards children of all ages; it is a non-competitive, ...
(Date:10/13/2017)... ... 2017 , ... Talented host, actor Rob Lowe, is introducing ... new episode of "Success Files," which is an award-winning educational program broadcasted on ... subject in-depth with passion and integrity. , Sciatica occurs when the sciatic nerve ...
(Date:10/13/2017)... ... , ... “The Journey: From the Mountains to the Mission Field”: the story ... the Philippines. “The Journey: From the Mountains to the Mission Field” is the creation ... has taught all ages and currently teaches a class of ladies at her church, ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... advisory services for healthcare compliance program management, will showcase a range of technology ... Association for Assisted Living (NCAL) Convention and Expo to be held October 14–18, ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and ... plans to open a flagship location in Covington, LA at 401 N. U.S. Highway ... store next to Office Depot in the Holiday Square shopping center. Its location allows ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... , Oct. 11, 2017  True Health, a ... amplified its effort during National Breast Cancer Awareness ... cancer risks. ... Oncology calculated that more than 10 million American ... mutations in BRCA1 or BRCA2 and have not had ...
(Date:10/5/2017)... 2017  In response to the nationwide opioid ... Surgeons (AAOMS) released prescribing recommendations that urge ibuprofen ... as a first-line therapy to manage a patient,s ... Recognizing the value and importance of ... Prescribing: Acute and Postoperative Pain Management" stresses that ...
(Date:10/2/2017)... , Oct. 2, 2017  Eli Lilly and Company ... results for the third quarter of 2017 on Tuesday, ... call on that day with the investment community and ... The conference call will begin at 9 a.m. ... access a live webcast of the conference call through ...
Breaking Medicine Technology: