Credibility: Last week, I read an article from Journalism and Media Studies Centre about the benefits from casinos in Macao. The number of the profits was quite a lot, so I started thinking that if Thailand legalized casino, the economics in Thailand would be better. The topic: Today, I am going to tell you why Thailand should legalize casinos. Preview: In order to provide your better understanding, I will first tell you about benefits from casinos taxation, casino and employment, and the last one is the decreasing of corruption. Body: Casinos generate huge revenues.
Stitt, Nichols, and Giacopassi (2005) point out that many states have adopted the legalization of gambling and casino development as a way to increase tax revenues quickly and effortlessly. According to Wiley and Walker (2011), in 2007 the casino industry paid $365 million in state and local taxes to the state of Michigan. Other states struggling to balance budgets see the success Michigan has had with casinos and advocate for casino development in their states. As a result of casino development, tourism revenues increase. Increased tourism revenues in areas of business such as local ho... ... middle of paper ... ...Horn, A.
87% of Nevada's tourists specifically come to play these machines, and on average Nevada makes around 9 billion dollars a year due to the slots. If Nevada had a lottery, these statistics have a high probability of changing dramatically. Granting Nevada a lottery would provide competition for slot machines and table games that the states casinos currently provide. If a lottery was introduced, this could cause a negative effect to Nevada's economy. Casinos contribute a great deal of jobs in the state and having a lottery could potentially produce various business to lose vast amounts of money.
As America grew gambling (casino) grew as well. One invention had the greatest impact on America than anything else, ... ... middle of paper ... ...ai alai, or just casinos. If gamblers want to risk it all on one shot, it is their money, their profession, and their choice. Bibliography: Works Cited Cardoza, Avery. Casino Blackjack.
The gaming industry in Las Vegas, which dates back to the days before the city was officially founded, is much more than just a piece of “Sin City’s” multi-faceted entertainment front: the industry has rescued and sustained its city’s economy, and continues to foster its fiscal growth and urban expansion – gambling has been an essential part of Vegas’ success. Gambling was part of Las Vegas’ culture before the city’s inception and continued despite regulations banning it. In the 1850’s, prospectors hoping to cash in on the gold rush ravaged the largely unsettled American West. Word of the gold rush had spread all over the continent and beyond, attracting prospectors came from United States, as well as... ... middle of paper ... ...r – “By the end of the decade, there was a casino in-sight from every point in the city.” A record 15 million people visited Las Vegas in 1971, and an estimated 81% of those tourists gambled during their time in Vegas – an obvious effect of Hughes’ massive investments in casinos. By 1974, gaming revenue topped $1 billion, and just below 50% of Nevada’s state budget was supported by gaming taxes.
When a tourist visits Las Vegas, there is a very good chance that Steve Wynn had a hand in establishing the property they are visiting. Developer of multiple properties on the Las Vegas Strip, Steve Wynn redefined the culture of Las Vegas and subsequently his ideas became the rule rather than the exception. His innovation and ironic eye for design has lead to vast recognition including multiple five-star and five-diamond awards. Modern Las Vegas’ world renowned properties would not exist if Wynn was not the driving force behind the shift towards redefining luxury. Steve Wynn’s first venture into running a gambling establishment began in upstate New York at his father’s bingo hall (LVRJ).
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.
Abstract: Internet gambling has become one of the hottest areas of the web, both in the sheer volume of sites and quantity of money involved. Increasing controversy is accompanying this new industry, as federal and state government officials scramble to update legislation that restricts interstate wagering. This paper examines the roots of Internet gambling and exposes some of the motivations driving the heated debate over its legitimacy. The business-to-consumer sector of the Internet commerce arena contains the most lucrative and fastest growing web-based industry: online gambling, which includes sports wagering, casino-style games and lotteries . In a September 11th article from last year, Wired on-line reported statistics from Websense, which tallied over 21, 000 websites devoted to gambling - a figure up 169% from the total just six months prior .
Retrieved on November 23rd 2013 from http://www.usatoday.com/story/news/nation/2013/03/03/competition-looms-riverboat- casinos/1959323/. Grinols, E. (2004). Gambling in America Costs and Benefits. Cambridge, UK Cambridge: University Press. Gross, E (2007).