Business David Johnston Temples of Chance

ISBN 13: 9780385419208

Temples of Chance

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9780385419208: Temples of Chance

An account of how, in the 1980s, the junk bond kings usurped mob control of the casino industry discusses corruption in the industry and the role of the U.S. government in that corruption. National ad/promo.

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From Publishers Weekly:

"Gambling is inevitable," declared the Commission on the Review of the National Policy Toward Gambling in the mid-1970s. Less than 20 years later, Johnston, a Pulitzer Prize-winning reporter for the Philadelphia Inquirer, finds that commercial gambling backed by such business moguls as Donald Trump, Merv Griffin and Steve Wynn and by such corporations as Holiday Inn, Ramada and Hilton has made profits the Mafia never even dreamed of when it controlled Las Vegas. Johnston's hard-edged, sobering account traces the questionable megabuck financial deals that support gambling's increasing popularity in America and indicts corporate and government organizations for encouraging minors to drink and gamble and for coddling high-rollers and money-mongers. An eye-opening expose.
Copyright 1992 Reed Business Information, Inc.

From Library Journal:

According to Johnston, when legitimate business gained control of the casino industry from organized crime, it obtained the ability and the license to abuse and destroy customers to an extent that was not possible when casinos were run by criminals. The liberal extension of credit, ambivalent attitudes toward underage gamblers, and ineffective state regulation are among the abuses reported by Johnston, an investigative reporter who has worked for several major newspapers. He observes that legal gambling is becoming a popular quick fix for budget shortfalls in many states. This is an important, well-written book that will inform voters of the unpleasant side of the gaming industry.
- Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Copyright 1992 Reed Business Information, Inc.

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David Johnston
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