RE:RE:Recent Google Review of GH Great Northern Casino Biggest winner is the government.
I recently read an academic report (older from 2010) like 85% of the overall gross Alberta gaming revenue, tables, vlt's, lottery, etc. goes to the government. Kind of odd to me in a sense, prior to reading the report I thought charities took home the lions share of the revenue. Maybe that was just table revenue?
You guys might chuckle, but I play a pretend game where I explain my investments to god.
Believe it or not, I will never knowingly invest in something that harms society on balance.
My oil investments are explained as lifting humanity out of poverty with massive food production and massive transportation opportunities. Climate risks are of secondary minimal concern based on my data.
My natural gas investments are explained as providing affordable heat to family homes and hospitals, Industry, etc. Once again, Climate risks are of secondary minimal concern based on my data.
I always struggle to explain my casino holding (Only one, GH)
I would typically explain that my casino helps fund charities, and creates jobs across the community.
But it is always ackward acknowledging the small number of people harmed by excessive gambling, and drinking. I figure those people will always gamble and drink somewhere, might as well help fund a charity as well as a few investors :-)
All joking aside, I think the government needs to share more overall gaming revenue with the various charities. Kind of hard to make a "Greater good" argument when the government eats the lions share of the revenue. Maybe I am missing some important information ? Who knows?
Other opinions may vary :-)
Cheers,
Nukester