Anytime, anywhere that talk comes round to legalizing casino gambling, you can bet that Sheldon Adelson will be ready with a plan to save your stumbling economy.
After all, look what the man has done for Las Vegas. And Macau.
The Spaniards have evidently fallen for his Spanish Salvation Strategy and plan to proceed with the pie-in-the-sky "Eurovegas," because as everyone knows, there's nothing like a mega-casino development to create secure and well-paying jobs and fund education and health-care.
At the end of the day casino gambling is a tax on stupidity. In order for a casino to run profitably over the long term, this tax requires not just stupid people, but a vast pool of stupid people with money.
That's where the casino model of economic development eventually hits the wall. There are a limited number of sheep to be fleeced, and even though it's a big number, it's nonetheless limited.
Showing posts with label Eurovegas. Show all posts
Showing posts with label Eurovegas. Show all posts
Sunday, March 31, 2013
Saturday, September 8, 2012
Blackjack and blowjobs: Sheldon Adelson's plan to save Spain
Hallelujah! Sheldon has saved Spain from the Eurocrisis! Hell, he may even have just single-handedly saved the Euro!
How? By creating 300,000 jobs!
How is he doing that?
By building casinos! Yes, casinos in Spain! What a visionary! Why has no one thought of this before?
Already the usual pinko anti-semitic Adelson-haters are casting aspersions on his Spanish Salvation Strategy.
Oh, but prostitution rates will go through the roof, they whine. What rubbish! Prostitution is a viable career choice. A dozen new casinos in Madrid will create tens of thousands of new positions for prostitutes.
Oh, but the jobs will be of low quality, they whinge. What nonsense! Yes, it's true that Adelson is negotiating for an exemption from minimum wage laws for his casinos, but a job is a job. Making half the minimum wage is still twice as good as nothing!
So carry on Adelson, you are an inspiration! Don't let the naysayers and the back-stabbers slow you down. Once the Spaniards realize the full munificence of your casino plans, I'm sure they'll be thrilled to subsidize your construction costs, guarantee low-interest loans, and waive the minimum wage laws.
The future of the Eurozone hangs in the balance.
How? By creating 300,000 jobs!
How is he doing that?
By building casinos! Yes, casinos in Spain! What a visionary! Why has no one thought of this before?
Already the usual pinko anti-semitic Adelson-haters are casting aspersions on his Spanish Salvation Strategy.
Oh, but prostitution rates will go through the roof, they whine. What rubbish! Prostitution is a viable career choice. A dozen new casinos in Madrid will create tens of thousands of new positions for prostitutes.
Oh, but the jobs will be of low quality, they whinge. What nonsense! Yes, it's true that Adelson is negotiating for an exemption from minimum wage laws for his casinos, but a job is a job. Making half the minimum wage is still twice as good as nothing!
So carry on Adelson, you are an inspiration! Don't let the naysayers and the back-stabbers slow you down. Once the Spaniards realize the full munificence of your casino plans, I'm sure they'll be thrilled to subsidize your construction costs, guarantee low-interest loans, and waive the minimum wage laws.
The future of the Eurozone hangs in the balance.
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