OPINION: Monopolies are bad economic actors, and gaming regulatory agencies are monopolies

Monday, May 6, 2024 8:03 PM
Photo:  Shutterstock
  • Richard Schuetz, Casino Reports

I discovered the discipline of economics as a college student in the late 1960s. I studied it for many, many years, and one of my inner secrets is that I consider myself an economist. Having said that, if people ask me what I am, I normally answer, “I’m an old casino guy.” It is much safer and more respected than suggesting I am an economist.

People find an old casino guy somewhat interesting and redeeming. An economist, on the other hand, not so much.

Mentioning that I consider myself to be an economist generally starts a series of jokes about the profession.