Casino gambling can promote economic growth.
Legalization of casinos has always been a contentious issue. Gambling industry have had many positive and negative economic, socio-cultural, and environmental impacts. Of these impacts, the positive benefits,such as increases in earned incomes, improvement of social welfare, and consummation of public facilities. The construction of casinos sometimes has negative influences on the sources, revenues, and job opportunities of other industries, and may even destroy their development (Garrett, 2004, Grinols and Mustard, 2006, MacIsaac, 1995, Wan and Kong, 2008). Outcome (e.g. increase in the prices of goods, rise in crime rates, and expansion of various pollutants) are worth consideration because these events will directly or indirectly influence local residents to a certain degree.
However many states have approved commercial casino gambling primarily because they see it as a tool for economic growth. The greatest perceived benefits are increased employment, greater tax revenue to state and local governments, and growth in local retail sales.
opening casino gambling establishments could bring large tax revenues for governments is undoubtedly the best economic benefit that the gaming industry can contribute (Anderson, 2005, Gu and Li, 2009). Kang et al. (2008) suggested that casino gambling could foster local economic developments and bring more beneficial opportunities to commercial activities. Furthermore, some researchers have demonstrated that casino gambling operations generally provide substantial economic benefits through increased employment opportunities (Long, 1996, Pizam and Pokela, 1985). McLain and Maheshwari (2006), who compared the employment opportunities and personal incomes of residents within thirty casino communities in America, declared that increases in job opportunities and incomes are not completely correlated and that only the regions with economic achievements above the national average experienced significant benefits from casino gambling operations.
Apart from direct economic benefits, the establishment of casinos could also enhance opportunities associated with recreational, leisure, and entertainment activities within these cities. Many casinos offer gaming opportunities, and other forms of entertainment, such as restaurants, bars, pubs, and retail outlets (Buultjens, 2006).
Although there are numerous pros and cons,overall casino gambling can promote economic growth without doubt.
Reference:
Steven,G.K.,Thomas,S.L.(2010). Economic Development: Strategies for State and Local Practice, 2nd Edition.
https://icma.org/articles/article/gambling-good-economic-development-bet
Aasved, M.J.(1995).Legalized gambling and its impacts in a central Minnesota vacation community: A case study. Journal of Gambling Studies 11(2):137–163.
https://www.nap.edu/read/6329/chapter/7
Brian,C.(1999).Pathological Gambling: A Critical Review.7(5):156–187.
https://www.nap.edu/read/6329/chapter/7
Wu,S.T.,Chen,Y.S.(2015).Science direct:The social, economic, and environmental impacts of casino gambling on the residents of Macau and Singapore.(48):286–298.
https://www.sciencedirect.com/science/article/pii/S0261517714002441
Thomas,A.G.(2003).Casinos and Economic Development: A Look at the Issues.
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