To expand on Vegas’ woes, online gambling has exploded. Why bother driving several hours or take a plane to a desert city to play in several casinos when you can bet on a game or a bunch of outcomes by just using your phone?
I wonder why Vegas companies didn’t push back against the legalization of online gambling like we saw alcohol and tobacco companies do with marijuana. Perhaps most of them already have their hand in that pie, which is why it’s okay. Same thing with how tobacco companies stopped fighting legalization of weed once they became the dominant players.
That was driven by Vegas companies, I remember seeing Bally’s and MGM logos on a bunch of online gambling sites/apps when it was first getting started. I don’t think they realized just how viral the internet is, and how fast another entity can spin up and eat their lunch.
To expand on Vegas’ woes, online gambling has exploded. Why bother driving several hours or take a plane to a desert city to play in several casinos when you can bet on a game or a bunch of outcomes by just using your phone?
That’s a great point to bring up.
I wonder why Vegas companies didn’t push back against the legalization of online gambling like we saw alcohol and tobacco companies do with marijuana. Perhaps most of them already have their hand in that pie, which is why it’s okay. Same thing with how tobacco companies stopped fighting legalization of weed once they became the dominant players.
That was driven by Vegas companies, I remember seeing Bally’s and MGM logos on a bunch of online gambling sites/apps when it was first getting started. I don’t think they realized just how viral the internet is, and how fast another entity can spin up and eat their lunch.