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Gambling boom raises hackles in crisis-hit Italy
20.05.12
ROME — Despite a grinding recession and austerity measures that are hitting the pockets of many ordinary Italians, business is booming at "Bingo Re" -- Europe's biggest gambling arcade in Rome.
Punters crowd among the arcade's hundreds of slot machines, sip expresso coffees from a gleaming bar or try their luck in the fully-catered bingo hall.
"It's been a record year for us," said Massimo Ruta, director of Italian operations for the Spanish gambling giant Codere which owns the arcade.
Codere operates 3,454 slot machines in 14 arcades across Italy and the turnover for its Italian operations rocketed up 63.2 percent last year to 224.2 million euros ($294.6 million) -- even as the economy tipped into recession.
"The crisis has put many of our clients in a difficult situation but gambling is part of human nature," Ruta told AFP in an interview.
"It's difficult to do without it," he said.
Italians gambled 79.9 billion euros last year -- making the country one of the biggest gambling markets in the world after the United States.
Source: AFP
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