Legalized Gambling Essay

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.

It wasn’t until 1969 when Nevada changed the laws and allowed publicly-traded corporations to own casinos. The state made a common sense compromise requiring that only major shareholders be licensed. The importance of that decision can’t be understated as it marked a new beginning for rooting out the corruption of organized crime from legalized gambling. That change allowed greater transparency which slowly collapsed the mafia’s control of Las Vegas. In 1971, Harrah’s became one of the first Nevada casinos to sell their shares publicly. William F. Harrah, along with his father, had first set up shop in Reno in 1937. Harrah originally opened a bingo hall, but he later expanded his business into a casino empire. By 1973 his company was the first casino stock sold on the New York Stock Exchange and in 2005 Harrah’s became the largest casino business in the

In the early 1990 's, Mississippi approved for the construction of the first gambling establishments on the Mississippi Gulf Coast. At this time, there were few things to do when you went to the beach. You had Marine Life, various restaruants, and certain shops, but nothing big that people would come from all over for. The Gulf Coast desperately needed something to boost their economy and officials felt that casinos would do just that. The only stipulation was that the actual gambling areas must be on the water. This led to the casinos being constructed on top of old barges.

The common knowledge about Nevada is that it is an exotic playground for carefree adult and the land of gambling. This cliché perception of Nevada overshadows the unknown history of Nevada, its importance and the role commoners played for it to become what it is today. The first inhabitants of the Nevada territory are Indians tribes however in the 1840’s, the united states are expanding west and settlers looking for religious freedom made it a home. Nevada as a home is covered with years of history and its significance that will change the course of the state forever. The birth of Nevada, the legalization of gambling and World War II, are three events of importance that change the course of the state of Nevada.

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

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

The idea of the casino is a revenue source for the state of Mississippi and local governments has received an enormous amount of attention. Operating with a mere budget of $2 billion, policy makers in Mississippi was forced to eliminate many governmental programs and reduce the number of other services during this time period. According to research, Mississippi is one of ten states supporting casino gaming as additional producing revenue. The voters in Harrison County rejected having a casino, but it determined that casino contributes the adoption to educating the public on the social benefits and primarily economic development aspects that casino revenues would bring to their

With the Corporate Gaming Act of 1969, Las Vegas began a slow transition towards “respectability.” Gambling in Las Vegas was gaining in popularity in the 1950’s and 1960’s, but the mob presence itself was preventing Las Vegas from attracting the necessary outside funds to turn it into a dominant Metropolis (204). “Nevada seemed to be shedding this image in favor of the many new family-oriented “theme resorts” that were being built, especially in Las Vegas (204). Then there’s The Rat

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

A.1. You can write or call your local representative and express how you think legalizing casinos will help reduce crime and increase revenue for the state.

Specific Purpose: To argue against how gambling should be allowed in all cities because it helps generate more income, allows for more jobs and helps struggling cities.

I think that a sufficient amount of all the extra revenue in each state should be spent on clinics since gambling addiction is an economic problem that comes directly from legalized gambling. The extra revenue could be the answer to having enough clinics to meet the rising need.

Utilitarianism suggests that the act that results in the greatest amount of happiness for the greatest number of individuals is the option that we should choose. Whether gambling should be deemed as an ethical or unethical act depends entirely on the consequences and benefits gambling has on casinos, gamblers, and non-gamblers. If gambling results in the overall increase of a casino’s profit and the overall increase of a gambler’s profit and mental health, then the act of gambling would be considered ethical. However, if the act has more negative implications than positive, then the act of gambling would be unethical. For example, it would be unethical if the transaction between casinos and gamblers was rigged solely for the casino 's financial benefit while exploiting those who gamble there. The significant concern of this paper is not to point a finger at casinos and other gambling mediums as a means to blame them for the mental conditions of those who we’d consider as gambling addicts. Instead, the point of this paper is to acknowledge the effects of gambling and propose the importance of responsibility. I will present an unbiased view of gambling, paying close attention to the psychological effects and motives individuals have regarding gambling at casinos. Also, I will look at the positive results associated with having a successful casino business, so that allowing gambling is ethical from a utilitarian point of

Since part of the money is being used to buy off politicians, it is corrupting our political system on all levels,

Most of us have heard of fantasy football. Online fantasy has risen in popularity over the past couple of years, due to advances in technology. With this rise in popularity, it has raised eyebrows at the state and federal government levels. There are many grey areas when it comes to gambling online, that many people still don’t understand. Many questions are being asked, such as legal transactions with credit cards, is online gambling causing a problem with a rise in gambling addiction? Over the course of this report, I will go over the good and the bad of making online gambling legal and regulated.