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Regulatory Robbery: Existing casinos lobby to prohibit new casinos in Maryland

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Regulation is often best understood not as a way of curbing the excesses of big business, but as a means by which entrenched business interests keep out competition. That’s what’s going on in Maryland this election day. Existing casinos are spending millions of dollars to kill a ballot measure in Maryland that would allow a few new casinos to open up in Maryland. Let me take a step back: I’m a...

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