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Levant says it¡¯s ridiculous to have states, which benefit financially from sports gambling, regulating the industry. He says that while gaming companies may have messaging about betting responsibly, their goal is to make money. The only way to do that is to attract more gamblers who will bet more frequently. ¡°If you¡¯re going to have sports gambling, you can¡¯t have the regulator also be a partner of the companies,¡± he says.
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Which is why, to me, the prospect of a venue with the drawing power of a casino seems unthinkable. The Broadway League, in its letter, notes that the theater industry is still seeking to rebound from a pandemic shutdown that resulted in tremendous hardship, and that progress is being made: New York is on track to have 57 million visitors by the end of December, exceeding predictions. ¡°Times Square is not Atlantic City or Las Vegas, which exist primarily to promote gambling and are designed accordingly,¡± the letter rightly points out.
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