Does the Mormon Church Own Casinos in Las Vegas?
The answer to this question is no. The Mormon Church does not own any casinos in Las Vegas. However, there are a number of casinos in Las Vegas that are owned by Mormon Church members.
The Church’s Position on Gambling
The Church of Jesus Christ of Latter-day Saints (LDS Church) has a long-standing policy against gambling. The Church’s position on gambling is based on the belief that gambling is a form of wickedness and that it can lead to addiction, financial ruin, and other problems.
The Church’s position on gambling is outlined in the following scripture:
- “Thou shalt not steal, neither commit adultery, nor kill, nor bear false witness, nor covet thy neighbor’s house, nor his wife, nor his ox, nor his ass, nor anything that is thy neighbor’s” (Exodus 20:17).
- “And inasmuch as any man seeketh to live in the Spirit, and to be justified before God by the law of the Spirit of life, by the which he hath been crucified unto the world, and hath overcome the world, the same cannot be a friend of the world. For the world is carnal, and the lust of the flesh, and the lust of the eyes, and the pride of life, is not of the Father, but is of the world. And the world passeth away, and the lust thereof: but he that doeth the will of God abideth for ever” (1 John 2:15-17).
Casinos Owned by Mormon Church Members
Despite the Church’s official position against gambling, there are a number of casinos in Las Vegas that are owned by Mormon Church members. These casinos include:
- The Bellagio
- The Mirage
- The Wynn
- Treasure Island
- The Venetian
- The Palazzo
- The Cosmopolitan
These casinos are all owned by the Church’s investment arm, the Church of Jesus Christ of Latter-day Saints Social and Economic Development Corporation (SEDC). The SEDC was created in 1997 to invest in businesses that would benefit the Church and its members.
The SEDC has invested in a variety of businesses, including casinos, hotels, and other businesses. The SEDC’s investments have generated significant revenue for the Church, which it uses to support its various humanitarian and charitable programs.
Conclusion
The Mormon Church does not own any casinos in Las Vegas. However, there are a number of casinos in Las Vegas that are owned by Mormon Church members. These casinos are all owned by the Church’s investment arm, the Church of Jesus Christ of Latter-day Saints Social and Economic Development Corporation (SEDC). The SEDC was created in 1997 to invest in businesses that would benefit the Church and its members. The SEDC’s investments have generated significant revenue for the Church, which it uses to support its various humanitarian and charitable programs.
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