Essay on Casinos

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.

However, perhaps due to Texas' extreme conservatism, many Texans opposed the idea. Since then, other states have joined Nevada to allow unlimited gambling in their state. From record economic growth to billions of revenue dollars for state expenditures, these states continue to reap from their bold decision while Texas remains watching from the sidelines. Rather than enjoying the same profits as its fellow states, Texas has found it hard to meet its state budget year after year. Instead of taking the road well-traveled--increasing taxes, Texas should take a page from the success stories of these states and legalize casino gambling as a legitimate way

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.

Casino Rewards was established in 1999, and has become one of the longest-serving casino groups around that has proved to provide players with the highest gaming experience. It is certified by eCOGRA, an approved agency that provides assurance for safe, secure, and honest gambling. Also, all the Casino Rewards members are powered by one of the industry’s leading software provider —Microgaming. Well, this casino group is popular for its unique Casino Rewards Loyalty Program and the progressive Mega Moolah jackpot.

There are many reasons to link financial problems and crime to the large revenues of gambling. Financial losses are one of the extreme threats and costs to the gambler. This is because

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

According to the Las Vegas Convention and Visitors Authority, the tourism industry's economic impact was thirty six billion dollars in 2005. Since so much money is made in the tourism industry, the local Las Vegas government has been trying to attract more commercial businesses. With no state individual or corporate income tax, Las Vegas has been able to get these much needed commercial industries to come to Las Vegas and stabilize its economy. Housing prices are now at or slightly above the median price nationwide, and as of late, the housing industry has become a buyer's market according to the lasvegasnevada.gov website. With such a strong economy and affordable housing, Las Vegas is a very good place to make a living.

     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

Also the fact of all the surrounding areas economies and businesses have been hurt because of the casino’s because now tourists only travel to the specific region skipping other possible tourist attractions.

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

There is a steady growth rate in gaming revenues taking effect in the casino industy around the United States. A number of factors are tied into the increase including new entrants to the casino industry and rival casino expansions. Through aspects of Porter’s Five Forces Model of Industry Competion: Rivalry among existing firms, the threat of new entrants, and the threat of substitues, this case analysis addresses key problems the casio industry is facing and implements stratiges they may use to tackles thoses issues. In addition, SWOT analysis (Strengths, Weaknesses, Opportunites, and Threats) will be used to facilitate the discussion.

Research suggests that for every problem gambler there are 10 to 17 people around him that will be negatively affected.[iv] Excessive spending on gambling can have serious consequences for the gambler's family. For the most part, bills and necessary expenses are not paid and the burden will fall onto the spouse or children.[v] There can also be a negative impact on the gamblers' work environment. If the gambler is not focused or absent from work, he may be fired which could add to his financial difficulty that started with his gambling habit. Crime is sometimes used to support gambling habits after bank accounts are exhausted.

What about slot machines? They help Los Vegas take in a yearly income of $3 billion from gambling. The typical slot machine has a payoff of $5,888 for every $8,000 invested over a period of time. Lose, lose, lose; that is what gambling is. That is the basis of its excitement. Is it exciting to lose your money? That is what gambling is all about.

“The geographic location of a casino is a huge consideration” (Lewis pg. 1). Demographics, travel patterns and nearby competition play a significant part in casino design. “ Most people in North America live within a day’s drive of one or more gaming areas” (Lewis pg. 1), so in order to attract people to the casino there must be something other than the gaming floor to draw them in. Many amenity and non-gaming attractions must be considered in order to really stand out. The casino must design strong support facilities, a hotel that can accommodate as many players as it can afford, a parking system for the traveling patrons, non-gambling facilities for families and it must be an inviting space.