h a l f b a k e r yRecalculations place it at 0.4999.
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Red Cross Casino
Or any other charity: Habitat for Humanity, Let's save the Whales, Let's eat more dolphins, etc, etc... | |
All of these "charitable" organizations seem to subsist on a combination of private donations, and sometimes government funding. Why haven't they gotten their asses in gear and formed something a bit more profitable? Imagine how much revenue the Red Cross could generate if they were to set up their
own casino.And how much better would you feel, knowing that the three grand you just blew on roulette was going to a good cause?
A slightly more realistic approach would be for charity organizations to create their own slot machines to be integrated into already existing casinos, deriving a profit from the sale of those machines. The more popular those machines became, the more machines the casino would want to buy. It might even be possible, albeit unlikely, to convince the casino to donate a small percentage of the revenue, say 5%, from those machines back to the charity itself.
Betting for Charity
http://betoncharity.com/charities/
Double-baked here, anyway, although with appallingly small numbers. One has to wonder who's getting rich off this scheme. [jurist, Oct 04 2004, last modified Oct 21 2004]
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Annotation:
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You used the Red Cross in your example, which would seem to be an organization above reproach. Similarly, thirty years ago, many of the American Indian Nations qualified as bona fide charities and were certainly needy. Today, many of those same tribes have aligned with other professional entities and created a number of very successful gaming casinos all across America. |
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In the last two California public elections, the profits those casinos have earned and paid into "charitable" hands have become nodes of public scrutiny, and perhaps even the deciding factor in these elections. |
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I'm personally inclined to agree that your idea of public support of charities through gambling enterprises is a good idea (just as with state run lotteries), but I question whether or not the Gaming Commissions that we currently have in place are sufficient to monitor the altruism with which those gaming profits are distributed. |
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:::THE BOURGEOISE BUNION:::
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::::::::::::Friday Nights:::::::::::::
____The Adam Smith Show____
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'proceeds benefit our local ALFA chapter
....(Affordable Liposuction For All)...... |
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One thing I always wondered is why charities have to beg all the time and why some of the older ones haven't invested half their funds until they become self-sustaining. ... I wonder how the Carnegie Foundation and stuff like that works. They seem to have Finished getting infinitely wealthy. ... Honestly I haven't a clue what I'm talking about though. |
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Gambling seems to attract money better than begging and with some investment in between I agree that charitites could do a lot of good if they
philanthropized efficiently (not pay someone 98 pennies to give 2 pennies to a needy cause). |
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I like the 'betting on charity' slogan - 'WHEN you lose, they win' .. not 'IF' |
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Hey, when you run out of chips, they can start drawing blood! |
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Or donate blood to get some free starter chips! |
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