Sad Story Shows Gambling’s True Cost
The following story is a very sad example of why Kentucky does not need to expand gambling. The slot machine is the single most addictive form of gambling there is and had the slots legislation passed in this latest special session we would soon be seeing many more stories like this one. Kentucky owes a debt of gratitude to those courageous state senators who were willing to take the heat and vote against destructive legislation that would have hurt so many families and further damaged our economy.
The story is from the The Courier-Journal in Louisville:
Dr. Stanley Lowenbraun, a once-successful Louisville cancer doctor who fell into financial ruin because of a gambling addiction, was found dead in a hotel room at a Las Vegas casino on June 20.
Lowenbraun, 66, died of a self-inflicted gunshot wound at the Las Vegas Hilton, according to the Clark County, Nev., coroner's office.
Lowenbraun, whose oncology practice once grossed $7 million a year, declared bankruptcy in 1999 after gambling away $8 million at casinos and racetracks, including $400,000 he lost in 1998 at the hotel where he was found dead. Louisville lawyers said they believed his $13 million bankruptcy case was the largest ever in Louisville triggered by gambling problems.
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1 Comments posted by: Site Administrator on June 29th, 2009