Casino Gambling Research Paper

The Las Vegas and Atlantic City locations have lost revenues in recent years. In addition to the economic slowdown, these gambling locations are also facing new competitors in the market that are providing attractive choices to the customers. Though there are some external forces beyond their control, it seems that attractiveness and accessibility are very important focus areas for these cities.

The growing industry of gambling creates revenue from taxes, but is it really profitable? Smith-Christopher claims “the total amount accounts for less than a quarter of the gambling industry revenues nationwide each year.” It can be said that gambling can help economic progress, “Nearly half of all tribal gaming enterprises earn less than $10 million in annual revenue, and one-quarter earn less than $3 million each year. On the other end of the spectrum, about 40 tribal casinos (or about 1 in 10) take in two-thirds of all Indian gaming revenues” (Smith-Christopher). The economic benefits that gambling creates may outweigh the addictions it may create. Walker claims, “As gambling expands, the gambling industry and government are beginning to

American Indian culture included gambling for many centuries. More than 100 tribes were known to play different versions of dice games before the Europeans settled in the United States. In the United States, gambling on Indian reservations has become quite common. There are 225 tribes in 28 states who operate some sort of gaming facility. Gambling on reservations was initially established to promote economic development in order to increase the standard of living. It was seen as a way to increase income on poverty-stricken reservations. (Momper 2010)

First, when allowing casinos into parts of the state, it brings with it multiple opportunities for employment, i.e., construction jobs, manager positions, server positions, gaming technicians, etc. When casinos enter a state, research has proven that the unemployment rate dropped significantly. According to the University of Chicago, National Opinion Research Center (NORC), “communities closest to casinos experienced a 12 percent to 17

There are two sides on the debate whether or not casinos are good for the economy or not. Many say that it is a waste of money and will never set foot in one. On the other hand, large Casinos can create much needed tourism for either cities or native reservations. Las Vegas is a prime example; Whole streets are lined with them. The city life revolves around them. They are more common on native reservations because of the loop-holes natives are able to pull because their land is categorized differently than regular city land and the same rules do not apply.

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Gaming revenues for Native Americans have greatly increased since the passage of the Gaming Regulatory Act in 1988 (Anderson, 2013). The rise has been especially steady over the last 10 years, even with the bad economy, as the revenue went from $22.6 billion in 2005 to $28.5 in 2014 (NIGC, 2015). Many in society think Native Americans are getting rich and are in much better shape because of these casinos. Some studies even how tribes are in much better shape. The Great Smoky Mountains Study showed a $6,000 increase

A study conducted by the University of Nevada-Reno states that “when comparing the before and after crime rates utilizing the population at risk, the data reveals few consistent trends in crime”. In short, it cannot be proven that by merely constructing a casino or venue where any type of gambling is legal that it would create these spikes in the crime rate that those who are opposed to legalized gambling insist would occur as a result, and to believe anything otherwise would be a hasty generalization.

However, the quality of work that would be supplied would be very low. It would most likely be jobs at the casino. Such as a bartender or just some people to make sure everyone is having a good time playing electric bingo. What many people fail to notice is the kind of people that the casino would be bring in. This is not to be racist or anything, it is to bring up this issue of the kinds of lifestyles that people have who can to casinos. Many people who go to casinos enjoy drinking and smoking. Shabbona does not have a local liquor store or smoke store, just what the two gas stations and bars provide. As a result, the casino may bring in a company to the town of Shabbona that sells liquor. That in turn exposes more people in the local area to easier and possibly cheaper liquor. I think the ripple effect is obvious. This is not to say that there are not responsible people who go to casinos, there definitely are! From an arguers’ standpoint, it is easy to see the possible negative effects that the casino would bring to the

First, when allowing casinos into parts of the state, it brings with it multiple opportunities for employment, i.e., construction jobs, manager positions, server positions, gaming technicians, etc. When casinos enter a state, research has proven that the unemployment rate dropped significantly. According to the University of Chicago, National Opinion Research Center (NORC),

Proponents of expanded gambling in Ohio hammered home arguments yesterday that casinos would create thousands of jobs and millions of dollars in tax revenue at a time the state's economy desperately needs relief. Opponents, however, said a measure on the Nov. 3 ballot would impoverish people who become addicted to gambling, drain profits from existing businesses and shortchange local governments by levying a too-low tax rate.

Nevada became the first state to legalize casino gambling, but not before it was reluctantly the last western state to outlaw gaming in 1910. At midnight, October First, 1910, a strict anti-gambling law became effective in Nevada. It even forbade the western custom of flipping a coin for the price of a drink. The Nevada State Journal newspaper in Reno reported: "Stilled forever is the click of the roulette wheel, the rattle of dice and the swish of cards." "Forever" lasted less than three weeks in Las Vegas. Gamblers

In the early 1930s, gambling was legalized throughout the state of Nevada and casinos began to flourish (Dunstan, 1997). The economic growth in Nevada, especially the city of Las Vegas, has improved tremendously by the creation of casinos. Many people were employed since the operation of casinos requires a huge amount of labor, skill, and expertise. In addition, local retail sales also increased from casinos when gamblers visit the stores to spend their winnings on various items and products (Garrett, 2003). As a result, many state governments began to legalize casinos in order to boost their economies and increase employment. As of today, there are roughly 1500 casinos in the United States and they generate almost 65 billion dollars in revenue (“Facts on U.S Casinos” 2013). However, casinos use immoral methods to achieve this incredible feat of big profit with few government interventions. While the city of Las Vegas becomes more prosperous than before, many citizens lose their fortunes or even lives by the immoral business practices implemented by the casinos. Even though the

Nevada casinos are the second leaders in revenue. The strengths that they have generated are the availablity of more hotel rooms, fine dinning, excellent entertainment, shopping, mergers and acquisitions, customer loyalty, and product differentiation among its rivals. With its many strengths, Nevada casinos represent a high barrier for new entrants as well mainly due to product differentiation and economies of scale. Nevada casios use differentiation on the basis of special themes that characterizes their casinos, such as a medieval castle, a pirate ship, or a movie studio. Nevado casinos also rely on economies of scale as many of the larger casinos are expanding by buiding on additional rooms to bring in more customers. Eventhough Nevada casino has many strengths, it also has a weaknesses.

Congress to limit the growth of sports wagering, either as part of the lottery or as sports bookmaking.(Savage 18)Making Gambling Interests HeardThe state legislatures decide if gambling will become legal in the individual states. Currently, some form of gambling is legal in all states except Hawaii and Utah. While success is never assured, revenue-hungry state governments are virtually always willing to give gambling interests a hearing.In April 1994, casino interest spent $4.2 million to convince Missouri voters they should permit slot machines in their state. The vote failed by 1/10 of 1%, so gambling interest spent another $11.5 million for a similar referendum in November, which passed. In Connecticut, gambling corporations spent $4.9 billion in a four-year-long failed effort to get the state to permit the building of a casino in economically distressed Bridgeport.(Goddu E1)Gambling is generally a well-regulated business. Virtually every state that permits casino gambling or pari-mutuel betting has a state racing or gambling commission to monitor gambling activities.