I’d submit that a gambling operation that is unfettered by government will realize there is an optimum level of desirability to gamble, etc. and how ‘greedy’ as you say they can be. Unfettered, I think they are smart enough to strike a long term balance. It is when government starts getting their finger in the pie and tries to control things is when it is likely these businesses see no other way than to create near-impossible odds. A downward spiral when government is involved in my opinion.
I said “seedy”, as in dumps.
The gilded casino may look nice, but the area around it will still be a dump. At least, the area will not be better off than it was before. They make it as if everyone will be rich, including the workers. Ultimately it is status-quo, at best.
I stand by that regardless of government, although I admit “success” partly depends on what kind of regulation exists.