There is a respectable body of economic thought that holds that casino gambling is actually economically regressive to a state and a community.
– Mario Cuomo, American lawyer and politician
Welcome to the world of gambling, where the stakes are high and the consequences even higher.
Most of us have engaged in some form of gambling. If anyone claims they have not gambled, well, take that statement with a pinch of salt. It is all a matter of degree.
As a person and writer with a conscience, I am aware of the multifaceted nature of gambling and the ethical, social, and religious considerations associated with this controversial activity.
It is a dangerous game of chance, where one wrong move could lead a person to ruin and leave them in a pit of despair.
Recently a proposal was made to turn the Borneo Highland Resort into a casino. This idea was mooted by Datuk Seri Abdul Karim Rahman Hamzah, the Minister of Tourism, Creative Industry and Performing Arts.
Looking at it from the perspective of attracting tourists and generating economic benefits, opening a casino would be a smart decision by the government.
However, this proposal has led to a flurry of statements, some very receptive and others vigorously opposing the proposal.
Gambling, in its various forms, has been prevalent in human societies for centuries, and its pros and cons are often a subject of debate among individuals, communities, and religious groups.
Let’s take a short journey about the pros and cons of gambling surrounding this complex issue.
One of the main arguments in favour of gambling is that it can be a form of entertainment. For many people, gambling provides a thrill and excitement. It can be seen as a leisure activity that offers an escape from the stresses of everyday life.
Whether it is playing cards with friends, betting on sports, or spinning the reels of a slot machine, gambling can provide entertainment and enjoyment.
Additionally, the gaming industry, including casinos, lotteries, and online gambling platforms, generates billions of dollars in revenue worldwide, supporting jobs and economic development in many communities.
Proponents argue that the economic benefits of gambling, such as increased tourism, tax revenue, and job creation, can positively impact local economies and contribute to overall societal well-being.
Another argument favouring gambling is that it can be a form of personal choice and freedom as long as they know the risks and consequences involved.
In many countries, gambling is considered a legal and regulated activity, and individuals have the autonomy to decide whether or not to participate.
However, we cannot overlook the augments against gambling.
One of the main concerns is the risk of addiction. Gambling can be highly addictive, and many individuals develop a compulsive gambling disorder, which can have severe consequences on their mental, emotional, and financial well-being.
Gambling addiction can lead to financial ruin, strained relationships, loss of employment, and other negative impacts on an individual’s life.
Moreover, the social costs of gambling addiction can also be significant, resulting in increased crime rates, strained family relationships, and financial burdens on communities and governments.
Another argument against gambling is that it can prey on vulnerable individuals, such as those with low incomes, mental health issues, or a history of addiction.
Some critics argue that the gambling industry, particularly casinos and online gambling platforms, targets vulnerable individuals and exploits their vulnerabilities for profit.
They argue that gambling can exacerbate existing social inequalities, as economically disadvantaged people may be more likely to turn to gambling as a perceived solution to their financial problems but end up in a cycle of debt and financial distress.
Critics also point out that the odds of winning in gambling activities are often stacked against the players, and the gambling industry relies on the losses of many for the profits of a few.
In addition to ethical and social concerns, religious sentiments play a significant role in shaping perspectives on gambling.
Many religions have perspectives on gambling, ranging from strict prohibitions to conditional acceptance. In Sarawak, some have expressed their opposition to the proposed casino.
Abdul Karim has commented that the setting up of a casino at the Borneo Highland is viable as Sarawak belongs to all races with different religious beliefs.
He had a good point when he questioned why there should be any opposition to the setting up of a casino when there are already so many gaming outlets, such as Magnum and Toto operating in Sarawak.
It is also a known fact that many people are also participating in online gambling, and illegal gambling is common.
I would tend to tilt towards allowing casinos to open up in Sarawak, albeit with strong regulatory checks and balances and policies to mitigate gambling risks and promote responsible gambling practices.
These regulations may include age restrictions, advertising and marketing restrictions, responsible gambling programs, and measures to prevent money laundering and fraud.
We would also need more robust measures to protect vulnerable individuals and communities to prevent and mitigate the harm caused by gambling addiction.
In conclusion, the issue of gambling is complex and multifaceted, with pros and cons that need to be carefully considered.
It is crucial to approach the topic with sensitivity, awareness of the potential harm, and a commitment to promoting responsible and ethical gambling practices.
Let’s roll the dice, set up the casino and see what happens!
The views expressed here are those of the columnist and do not necessarily represent the views of New Sarawak Tribune.
