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The Future of Gambling

Posted June 27, 2008 4:19 PM

From BusinessWeek Online -- Innovation & Design:

On Nov. 11, 2001, slot machines in a Detroit casino started doing exactly what they're not supposed to do: They started letting players play—and win—for free. WMS Industries, which had designed the machines, rushed technicians to fix the problem, but the damage was done. Casinos cancelled orders, and by mid-2002, WMS stock had plunged from $21 a share to less than $10. "Those were the dark days," says Brian R. Gamache, who had been promoted to chief executive only five months before the snafu.

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#1

Re: The Future of Gambling

07/01/2008 10:09 PM

The problem with gamblers, is that gambling is an addiction, for people who refuse to face the facts.

Long term, the gambler cannot win, because the Casino and tax authorities remove their large "take", before any residue ends up in the payouts pool.

Somehow, gamblers persuade themselves that the next one is going to be "the Big One", after which they will never gamble again.

Almost all big winners have proved otherwise, with some going 'broke' within 12 months of a huge win.

Kind Regards....

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#3
In reply to #1

Re: The Future of Gambling

03/13/2019 8:48 AM

I can agree almost with everything you said there. For example I'm playing here https://ipayzz.com/skrill/ and that's not becoming a problem so far. Nevertheless it is a serious problem in our society. Also "big winners" are going broke because they're coming into big money instantly and start to spend all of their money on useless and expensive things.

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Anonymous Poster
#2

Re: The Future of Gambling

12/26/2008 1:15 PM

Ah why couldnt I be around for the free winning casino spins! That would have been so sweet to win the jackpot for free!
Free bet

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