###FOR IMMEDIATE RELEASE
Gambling on Credit: A Bad Idea
In a letter to the Missouri Senate Casino Watch urges Senators to vote no on HB747. Chairman, Mark Andrews, hopes the senate will look at research on the question and vote in favor of the people of Missouri, not cave in to just another casino expansion idea:
It was my pleasure to address your fine institution many times in the past 20 years on the gambling issue prior to my retirement and move. But I return via this letter regarding HB747 urging you to vote no.
Much has been written on this subject that would suggest a “no” vote. For example, “Gambling On Credit: Exploring the Link Between Compulsive Gambling and Access to Credit”, 2006, FL Council on Compulsive Gambling, Inc. This was a think tank of representatives from medical, legal, government, education, credit counseling and addiction treatment perspectives. Please consider a few quotes from this study.
“Access to credit allows an individual to continue gambling whether or not he or she has actual cash in hand. The very nature of compulsive gambling makes this transition from gambling with cash to gambling on credit a significant step with repercussions for the gambler and his or her family and friends, employers, creditors and other contacts”.
“Participants expressed the belief that easy access to credit accelerates the problem and process of a gambling addiction….”.
“Personal consequences may include new addictions, depression or suicide, while financial consequences may include higher levels of debt, ruined credit, and loss of a home, car or other property – all of which create a devastating situation for the compulsive gambler and his or her family”.
The carving in marble high on the wall of your chamber will always be remembered for its clarity and profoundness: “Nothing is politically right that is morally wrong”. Don’t get me wrong here—I’m not speaking of the morality of gambling–rather the passing of a bill that will surely bring harm to many people who struggle with some level of addiction to gambling. It is not worthy of Missouri to attempt to address its public financial strains by enticing its citizens to increase their personal financial risks.
Thank you for your consideration on this important issue.
Andrews references the State motto “The welfare of the people shall be the supreme law” in making the point that it is time once again for the General Assembly to hold the line on casino expansion and keep the current regulation in place.
For more information on the dangers of gambling, please visit CASINO WATCH & CASINO WATCH FOUNDATION