Posted February 12, 2019 05:51:22 The cost of being a millionaire is now the least of your worries.
The world’s largest gambling corporation, MGM, has announced that it is to make a $9 billion profit in 2021.
The company said it would be the largest single shareholder in the company, and that it would pay out $9.9 billion in dividends, bringing its total to $11.6 billion.
The news comes as it has come under fire from those opposed to gambling on the continent.
In March, a report by the International Monetary Fund (IMF) found that the continent was one of the most risky places for people to gamble.
The report, released at the end of March, found that countries in the Middle East, the Caribbean and Asia have seen a rise in deaths related to gambling.
“These countries were identified as the most vulnerable, particularly in countries that have high levels of unemployment, lack of access to social safety nets, and the inability to access financial resources to support their people, including those who gamble,” the report said.
It added that while gambling is “an important tool for the poor”, it was also a “highly stigmatised and dangerous activity”.
It said that there were more than 6.6 million people living in the most extreme poverty in the world, with almost 70 per cent of people living below the poverty line.