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Last night’s fight between Manny Pacquiao and Brandon Rios interested me from a boxing perspective but its real intrigue was what it suggests might be possible for another man – Floyd Mayweather, Jr.

... This is nothing new – in fact, gambling, centuries ago in Europe, was in the same position that boxing is in today– subsidizing another non-profitable sector.  In their outstanding book A World Of Chance: Betting On Religion, Games, Wall Street, Reuven Brenner, Gabrielle A. Brenner and Aaron Brown write:

“…the great Italian opera houses – from Naples’s San Carlo to Milan’s La Scala, which were all once privately run and profitable – sustained by their gambling saloons.

Read full article: , November 24, 2013