Casinos Essay -- essays research papers

CasinosCasinos shake off become a form of merriment for millions of Americans. In fact, Las Vegas, considered to be the home of cassino gambling, is third only to Disneyworld and raw(a) York for tourism with 260 million visitors yearly. While it is true that casinos generate billions of dollars in revenues but any of that makes it back to the local economy as promised by the lobbyists to brace casinos built in a city. Effects on local economies allow construction jobs be created as well as hospitality jobs indoors the casino. While it is true jobs be created though usually they go to muckle outside the communities. The lobbyists for these huge casino companies pass on that it will also compensate a dying economy if they allow casino gambling in their cities. Contrary to this claim though, Atlantic City has the highest unemployment rate in raw(a) Jersey. They claim restaurants, movie theaters, and other local businesses will benefit when barely the opposite is true. Wh o is going to eat a local restaurant when the casino is offering free meals and drinks to gamblers. By 1996, Atlantic City casinos were devoting 318 million dollars to promotional food and drinks. Also in Atlantic City, over 900 of the 2century small businesses on that point closed and the number of local restaurants was reduced from 243 to 146. Richard Byron, President of the Federal grant Bank of Boston, describes gambling expenditures as Money Extracted From Other Consumer Spending. When casinos come into a small community such as Atlantic City or Biloxi the people living in that community start to go on that point for entertainment instead of movie theaters, restaurants and other places they used to go to before. In 1994, to a greater extent people went to the casinos than went to major league baseball parks and more money was spent on casinos than books, albums, and theme parks. It also affects real state values, in Atlantic city the average cost of a family dropped 24,000 .00 after the casinos were built and 11,000.00 for cities close to Atlantic City. The reason for this may be because of increasing crime rates. The casinos would have everyone believe there is no mixture in crime statistics after they come in but this is non true. The American Insurance Institute estimates that 40% of all white gimmick crimes have their roots in gambling. Compulsive gamblers will bet until they have nothing left savings, family assets, person... ...age wage and exceed average wages of some(prenominal) other industries. Furthermore the casino gaming industry creates additional jobs in the number of domestic supplier businesses. But at what price? The state and local governments lose on this deal. Compulsive gamblers cost the state an rattling(a) amount of money each year, and with the number of problem gamblers growing with the casinos this is a problem that will not go away. The illegal gaming market place is so enormous that its profits each year, surpass th at of the top 100 American corporations combining. This includes IBM, all the automotive industries, and many more. The gambling industry makes a lot of promises it knows will not be fulfilled. But, once the revenues are tasted by the local governments they can never turn back. The casinos have lobbyists in cap as well as local levels. Its not kindred the old days of bookies and craps houses, now its huge business. The owners of the casinos are the same owners of movie companies as well as amusement parks, they are all just forms of entertainment to them. If people could learn to play responsibly then there really wouldnt be much constipation but when you NEED to win you have already lost.