In the past 20 years, casino and gambling industry has been developed globally and domestically in a dramatic way for three reasons. Firstly, casinos often contribute a large amount of taxes and levies to locals and states and provide a significant number of jobs, and thus, has been legalized in many states, resulting in a substantial growth across the U.S. and globally. Also, casinos focus their businesses on providing best entertainment experience to customers and patrons. Moreover, a substantial number of visitors around the world visit casinos every year, gradually playing a vital role in the tourism industry. Therefore, their contributions to the economic development both domestically and globally combined with their technology management leads casinos to the global expansion.
Casinos
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A casino is a place providing various kinds of gambling activities to customers; it needs lots of employees in different positions to assist a large number of gaming customers. For example, it needs dealers, bartenders, cashiers, servers, managers, security guards, slot key personnel, surveillance officers, customer representatives, etc. Since many areas are struggling economically, state governments decided to legalize casino gambling as a way to help the state with budget shortfalls. Also, building and operating a casino creates opportunities for the suppliers of gaming equipment, systems, table games, and other components to develop their businesses. Casinos need products and services supported by the suppliers, successfully promoting the development of the gaming equipment manufacturing industry. Because of their influence on the economic development, the state governments would like to legalize the gambling industry. Due to the legalization, the gambling industry has experienced a substantial
The second threat is many states are legalizing or planning to legalize commercial casino gambling. Unlike Native American casinos commercial casinos turn over a large share of their profit to the cities and states in taxes.
Gambling... Who does not like to gamble? People play lotteries, bet on sport games or try their luck on slot machines with a thought to win some amount of money. In fact, this excitement for gambling can be seen even from early ages; for example, ancient Egyptians used to play dice in 2000 BC or the first casinos opened their doors to customers during the Greeco-Roman period ( Whittaker and Cushman 1 ). Nowadays casino industry is a large business in the United States that brings high revenues and offers various entertainment that attracts people from different areas. So just recently residents and visitors of Worcester, Wicomico and surrounding counties got a great opportunity to try themselves in a new Ocean Downs casino that came into operation couple months ago. Ocean Downs casino is an excellent benefit to the community that helps to improve the economic and social status of the county and also serves as a great entertainment for the adult population.
Gambling can have adverse effects on the social welfare of many individuals and families. Gambling can increase the number of individuals and families dealing with gambling addiction and exploit individuals and families who are economically disadvantaged. Under such circumstances, not all forms of gambling should be legalized. This is clear evidence that gambling revenue allocated for Texas schools is not worth the negative effects associated with gambling. Education is a valuable source of growth for all citizens in a community, no one in society can truly grow if one part of society is left
For years, casino gambling was portrayed in the media and Hollywood as being associated with criminal activities and the mafia. Now with proper scrutiny and government regulations, casino gambling has become a lucrative business, with casinos stock even trading on Wall Street. Casino gambling is an increasingly popular and legal activity in many states throughout the United States. “The term gambling or ‘gaming’ as the industry calls it, means any legalized form of wagering or betting conducted in a casino, on a riverboat, on an Indian reservation, or at any other location under the jurisdiction of the United States” (National Gambling Impact Study Commission Act). States that allow casino gambling benefit vastly by re-incorporating the taxation of commerce gained from casinos and tourism associated with the casinos back into the state and local communities.
Ø Fahrenkopf Jr., F. (2002) Legalized Gambling Benefits Local Economies. Retrieved April 14, 2004 from Opposing Viewpoints database
Weissman, Robert. A BAD BET Casino Economics and the Politics of Gambling [Online] Available http://prince.essential.org/monitor/hyper/mm1196.04. html,
...way free alcohol which impairs peoples judgement and sense of reality. It is assumed that the more drinks someone has, the more likely it is that they will stay and spend more money. The money spent by the casino on alcohol is more than made up by profits.
The Gambling industry attempts to win support with misleading information in its promotions. For example, gambling is said to help stimulate the economy by providing more jobs. According to the American Gaming Association study, "In 1995, the casino industry recorded $25 billion . . . and paid only $7 billion in wages" (Arthur Anderson). Also according to Maura J. Casey, there is high unemployment rates around casinos. (Casey 37) With people's losses and by encouraging workers to believe in cheating customers, casinos focus on gaining more and more money for their n...
The Great Transformation From A Casino City To a Resort Destination Atlantic City is the place to gamble on the East Coast. Although this may initially seem to be a positive characteristic, it is evident that this destination has the capability to be so much more than it already is. This point of interest has the world’s first boardwalk, which opened in 1881, has 4 miles of hotels, amusements, and casinos. Atlantic City was originally a resort town, until 1978, when it changed into a gaming city. This popular day-trip destination had over 34 million visitors in 1998 alone. Despite this amazing statistic, along with the revenue that gambling brings in, many steps are being taken in order to further promote the expansion of this great city. The renovations and improvements being made to the Atlantic City Convention Center are already increasing the amount of money coming in. There is a great deal of other things to focus on in the Atlantic City region. In endorsing local attractions in this scenic area, and in shifting the target market of this spot, this city would change back into a resort destination. When most people think of Atlantic City, the first thing that comes to mind is the casino attractions that are available. With the city’s constant shuffle and excitement, gamblers from all over go there dreaming of a big win. Many people consider Atlantic City to be the “Las Vegas of the East Coast”. There are over 12 casinos, with one building as magnificent as the next. At any given second of the day, these hopefuls may have their lives changed in an instant with just one win. These casino hotels gain most of their income from gamblers. Casinos employ almost 49,000 people every year. This number should actually jump when the Marina District opens. Although Atlantic City prospers as a gambler’s paradise, many would love to show others just how much more Atlantic City really has to offer its tourists. The Atlantic City Convention Center, built in 1929, was renovated with $72 million in 1997. With the world’s largest pipe organ, everyone from the Beatles to Pavarotti has played there. It was designated a historic landmark in 1987. Conventions, trade shows, meetings, and public events of the greater Atlantic City area all take place here. When the renovation is finally completed, it will seat up to 12,000 people for special events.
Gambling is very risk and will impact on finance, family, health and job. Firstly family risk, ”spend more time gambling or think about gambling and it can be difficult to maintain a normal life, this creates stress and ha...
Should Gambling Be Legalized? Over the past twenty or so years, great wealth and improved economic and social conditions have been promised to the communities that have embraced legalized gambling. However, with twenty years of experience it is time to. look back and analyze whether this is true or not.
Gambling has been around since 2300 B.C. It has its positive and negative effects; it also has somewhat of a positive impact on the economy. It stimulates most communities by creating jobs and generates tax revenue for state and local governments. The gambling industry in “2002 and the commercial casino industry provided 350,000 jobs in the United States” (americangaming.org). Even though gambling can bring a lot of economic growth to the economy there is still an argument going on today whether it is a great choice to legalize it everywhere.
As individuals, we are responsible for ourselves, including the decisions we make. However, with the temptations of making “easy money” and the dreams of hitting that million-dollar jackpot, these decisions make it hard for individuals to resist, which traps them into making poor decisions. With today’s economy, individuals are susceptible to mounting pressures from finances, work and a fast paced lifestyle. Even though these are everyday factors in our lives, they contribute to our stress level. Many times it is drugs or alcohol that individuals turn to, but there is also another very addicting behavior that many people turn to, gambling. There has been a rise in pathological gambling in the past 10 years and it is only increasing. With this fact, gambling is only banned in two states in the whole United States of America. What are the problems associated with pathological gambling and is the government and casinos acting ethically by propagating such an addicting act?
Gambling addiction is an issue found in numerous areas where gambling is legal. People who are addicted to gambling, also know as problem gamblers, face many health risks including depression, suicidal thoughts, loss of sleep, loss of appetite, migraine and anxiety in addition to marriage breakdown, problems at work and bankruptcy (9). About 2 percent of adults are thought to be problem gamblers (1). In today’s society this costly addiction is not often considered to be a common problem among those who gamble. Only a small amount of states in the U.S. give enough attention toward this rising problem of people that are sometimes even willing to commit crimes just to aid their addiction. In the past our government has sought out a few solutions that help those who have developed an addiction and prevent a further increase in the number of people becoming addicted. Personally, my outlook on the problem is that it needs a better solution. I think that a higher funding to gambling addiction clinics, more ordinance and restriction laws, and more prevention and awareness programs should bee brought into consideration in order to lower the amount of people who become addict to gambling.
In conclusion, many “house advantages” exist in gaming today which makes it unfair. Gaming overall has taken a great toll on American society. Recently, gambling has been made legal in several states nationwide, this will eventually cause more issues with economy and bankruptcies all across the nation. Many factors play a role in these bankruptcies, for example probability. Many people have suffered and will continue suffering from gambling. The new laws passed indirectly encourage citizens around the nation to gamble, which will cause many future problems for our nation.