Why is it that none of my friends gamble and yet so many people do? Probably because my friends are intelligent people who have long discovered that betting in casinos is an idiotic activity that, given enough tim,e will lead to the dwindling of your savings. And yet there seem to be millions (if not billions) of people interested in gambling and, as a result, yesterday Aristocrat Technologies, represented in Europe by Nicholas Khin, announced that 25 million of these simple minded people are expected to go every year to lose money at a 2000 hectares 32 casino gambling paradise that his company, the second largest gambling group in the world, will build in Aragon, Spain.

This park is expected to be Europe´s Las Vegas, the second largest gambling destination in the world. It will have the same idiotic architecture as Las Vegas, similar historic themes with the Egyptian being a perennial favorite. Among the curiosities one of the theme parks there, Spyland, is centered around the theme of spying, another mostly useless activity that costs the world billions of dollars and few have been able to prove its worth (e.g. with all the spying resources of the United States, Bush Sr did not know that Saddam Hussein was going to invade Kuwait until he did it). Another one will be the typical gigantic water park so the kids can splash while dad loses his savings.

On one side, my libertarian instincts tell me that investments like this should be allowed since they make the economy grow, generate tens of thousands of jobs and if people want to be miserable so be it, but, on the other my environmental and overall ethical views make me feel that flying 25 million people throwing tons of gases in the atmosphere so they can lose their hard earned savings is just wrong.

Follow Martin Varsavsky on Twitter: twitter.com/martinvars

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