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Bingo halls and casinos: The way to aid Venezuela's suffering economy

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Caracas, Sep 22 (EFE).- The Venezuelan government, involved in a process of economic opening and creating more flexibility, has authorized casinos and bingo halls to operate around the country but several experts do not believe this move will significantly aid the nation's suffering economy.Venezuelan economist Manuel Sutherland told EFE that President Nicolas Maduro implemented the measure - contradicting what his predecessor and political mentor, Hugo Chavez, had done 10 years ago - "because he's in the process of opening things up, in some way, to help the economy recover, although in a very precarious, very improvised way."Chavez, who governed from 1999-2013, ordered gaming houses closed, believing them to be - among other things - "houses of ruin," but now Maduro has authorized 30 casinos to operate around the country, seeing them as an economic life jacket, a view that seems to vary widely from that of the former president. (Camera: IVAN CARDENAS). SOUND BITES: LEONARDO BUNIAK, ECONOMIST (IN SPANISH).TRANSLATION:1. Mainly in the country's interior, casino activity ... could generate some taxes ... for those municipalities (for) painting sidewalks, remodeling something or planting a tree here and there.2. The government is not going to invest a single dollar in casinos and isn't going to buy any infrastructure, so there's no diversion of resources from one area to another.

Added on the 23/09/2021 14:00:00 - Copyright : EFE Inglés

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