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Gambling and its effects
Effects of gambling in individual life
Gambling and its effects
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Casinos
Casinos have become a large part of cities' economy and hundreds of thousands of people's lives. Casinos are exciting for many people who feel they have a chance to win it big. Because so much money is flowing into casinos, the local business are being affected. Most are not thriving with the new tourism and the seemingly revived economy. In 1994 more people made the trip to a casino then to a ball park (Popkin). The casinos are attracting so much of American's dollars that they spent less on books, music albums and attractions (Reed).
The people are spending less money outside of the casino. Which is not helping the vast majority of local businesses. This is what is most often overlooked by the city. The money from tourists and the community is not going into the local businesses, but instead the casino. Robert Goodman, Urban
Planning professor states: “Newly opened casinos suck money out of the local economy, away from existing movie theaters, car dealerships, clothing shops and sports arenas” (Popkin). Casinos take money away from existing businesses. In
Atlantic City, where casinos were supposed to save their failing economy, over
900 of their 2,100 small businesses have closed and the number of restaurants was reduced from 243 to 146. By providing everything a person needs, the casinos are designed to keep people inside. The truth is casinos drain money out of an area into a far away bank account, most often never going back into the community. Casino revenues may look good on paper to the average person, and to politicians who are constantly being pushed to gain more revenue. In reality they are almost a nightmare to the small locally owned businesses. Jobs are one of the main reasons for the growth of casinos.
Across the continent casinos have created tens of thousands of jobs for unemployed people (Clines). Indian casinos in Minnesota have created approximately 5,000 jobs. Between 1975 and 1992 employment in Atlantic City's service industry grew 608 percent, a significant part of this came from casinos which created 95 percent of the new jobs. The casinos increased construction jobs ninety three percent, and created 600 new transportation jobs (Reed). Over all casinos provide many new jobs for an area. Construction jobs decline when the casino is completed. The jobs will decline as demand for their services drops off. During the same time period of 1975 to 1992 manufacturing jobs were down eighty-four percent. Real estate, insurance, and financial employment fell forty one percent (Reed). While some jobs increased others declined because of the shift of demand for certain jobs.
The second threat is many states are legalizing or planning to legalize commercial casino gambling. Unlike Native American casinos commercial casinos turn over a large share of their profit to the cities and states in taxes.
Gambling... Who does not like to gamble? People play lotteries, bet on sport games or try their luck on slot machines with a thought to win some amount of money. In fact, this excitement for gambling can be seen even from early ages; for example, ancient Egyptians used to play dice in 2000 BC or the first casinos opened their doors to customers during the Greeco-Roman period ( Whittaker and Cushman 1 ). Nowadays casino industry is a large business in the United States that brings high revenues and offers various entertainment that attracts people from different areas. So just recently residents and visitors of Worcester, Wicomico and surrounding counties got a great opportunity to try themselves in a new Ocean Downs casino that came into operation couple months ago. Ocean Downs casino is an excellent benefit to the community that helps to improve the economic and social status of the county and also serves as a great entertainment for the adult population.
As part of their goal to be the first choice for casino entertainment, Harrah’s continues to spur its growth through the development of new properties, expansion and acquisitions, not only in the United States but also in other parts of the world. Currently, it manages the largest number of casino entertainment facilities in the US, which are not only limited to land-based casinos, but also include riverboat casinos, dockside casinos and gambling facilities on Indian reservations. They also own similar gambling facilities such as slots, thoroughbread racetracks and greyhound racing. All of these establishments are operated under either one of their popular brands: Harrah’s, Caesars and Horseshoe .
1907-After the silver strike in 1907, Bill Graham at the age of 18 came to Tonopah (Las Vegas) and opened the Big Casino.
In the hilarious 2009 blockbuster hit The Hangover, “the three best friends that anyone could have” need to find a way to get the money they owe Mr. Chow in order to have the groom to be, Doug, returned to them. Phil, Stu, and Alan devise an intricate scheme that uses card counting while playing Blackjack to win a lot of money. The scheme uses many distractions such as Stu, and his stripper wife, acting as a distraction as well as Phil making lots of noise and obscene gestures to the cameras of the casino in order to bring attention to him and allowing Alan to do the card counting and win the money they owe Mr. Chow. When the casino managers begin to become suspicious of the possible card counting that is going on, Stu’s recently married stripper wife falls to the floor causing the security to focus on her giving Alan and Phil time to escape unseen with all the recently won cash. This scene, although entertaining, does not accurately portray what goes on when someone is card counting in these big time casinos, such as the one seen in this movie, Caesar’s Palace in Las Vegas. Card counting is much more subtle and not such a big scheme as it is portrayed in this very funny movie.
For years, casino gambling was portrayed in the media and Hollywood as being associated with criminal activities and the mafia. Now with proper scrutiny and government regulations, casino gambling has become a lucrative business, with casinos stock even trading on Wall Street. Casino gambling is an increasingly popular and legal activity in many states throughout the United States. “The term gambling or ‘gaming’ as the industry calls it, means any legalized form of wagering or betting conducted in a casino, on a riverboat, on an Indian reservation, or at any other location under the jurisdiction of the United States” (National Gambling Impact Study Commission Act). States that allow casino gambling benefit vastly by re-incorporating the taxation of commerce gained from casinos and tourism associated with the casinos back into the state and local communities.
On average Nevada's casinos profit at about 11 billion a year. People come from all over the states and even the world to gamble in Nevada. 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. This impact could be so colossal that it may generate bankruptcy for local casinos and higher unemployment rates in Nevada. MGM resorts international chairman and CEO Jim Murren states "How many jobs does a lottery create?"-. Nevada thrives on the income from casinos. Governor Brian Sandoval claims, "It is not appropriate for the state to compete with our number one industry." A study conducted by Thomas Cargill and Kambiz Raffie at the University of Nevada-Reno says the California lottery has cut into Nevada's casino business. Their study showed that fewer people visited Nevada in the years 1986-1989, costing Nevadans tourism rate to fall 4.5%. Cargill claimed, "Many people who play the lottery do it at the 7-Eleven, and they are not going to drive over the hill to Reno or travel to Las Vegas anyway." Califo...
When you love someone, you 've gotta trust them. There 's no other way. You 've got to give them the key to everything that 's yours. Otherwise, what 's the point? And for a while, I believed, that 's the kind of love I had” (Casino). Casino centers on Sam ‘Ace’ Rothstein, a gambler of legendary skill who is sent by the mob in the early 1970s to Las Vegas to manage its newly acquired Tangiers Hotel and Casino. Ace is an outsider among outsiders: a dispassionate, calculating, almost pitifully tender civilian among thugs. He’s a Jewish bookie sent by the mob to manage a Vegas casino and embezzle cash for the crime bosses back home. Even when he dons a flamboyant suit and runs patrol around the felt tables of his amoral arena, he looks unsatisfied.
These days the casinos have their own internal methods for determining who their most attractive customers are, casinos are using various methods such as loyalty cards, cameras watching players faces, or even ATM withdrawals to track how much someone is playing and if they will be profitable to the business. All this information allows the casino to specifically target their most reliable spenders and then lure them back with perks. This continues to build the players addiction and fakes them into believing that their gambling is paying off. (Rosengren, 2016) This really works in the casinos benefit because it all looks so good that people are repeatedly drawn in, and then eventually cannot stop.
The Great Transformation From A Casino City To a Resort Destination Atlantic City is the place to gamble on the East Coast. Although this may initially seem to be a positive characteristic, it is evident that this destination has the capability to be so much more than it already is. This point of interest has the world’s first boardwalk, which opened in 1881, has 4 miles of hotels, amusements, and casinos. Atlantic City was originally a resort town, until 1978, when it changed into a gaming city. This popular day-trip destination had over 34 million visitors in 1998 alone. Despite this amazing statistic, along with the revenue that gambling brings in, many steps are being taken in order to further promote the expansion of this great city. The renovations and improvements being made to the Atlantic City Convention Center are already increasing the amount of money coming in. There is a great deal of other things to focus on in the Atlantic City region. 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. At any given second of the day, these hopefuls may have their lives changed in an instant with just one win. These casino hotels gain most of their income from gamblers. Casinos employ almost 49,000 people every year. This number should actually jump when the Marina District opens. Although Atlantic City prospers as a gambler’s paradise, many would love to show others just how much more Atlantic City really has to offer its tourists. The Atlantic City Convention Center, built in 1929, was renovated with $72 million in 1997. With the world’s largest pipe organ, everyone from the Beatles to Pavarotti has played there. It was designated a historic landmark in 1987. Conventions, trade shows, meetings, and public events of the greater Atlantic City area all take place here. When the renovation is finally completed, it will seat up to 12,000 people for special events.
The basic system of just about every casino is that of the tables (including Roulette, Blackjack and Craps) filling the center of the room with computerized machines (including slots and video poker) that don’t need much tending to surrounding the area. Also, in many casinos there is a second floor surrounding the perimeter of the building with balconies everywhere so the main floor is still the center of attention. This setup brings the eye of casino patrons, wherever they may be, to the center of the casino. This strategic arrangement plays with the fact of human nature being drawn to the center of the action. Coincidentally, or not, the games in the center of the casinos are always the games where people often spend the most money. By chance if your eye isn’t drawn then perhaps the shrill of people winning will bring your attention. Don’t be fooled though, house advantage is always higher than...
Gambling in the industry is fast-growing, multi-million industry in the United States. Gambling could also be traced back to the “Wild, Wild, West.” Gambling is not uncommon at root of many saloon gunfights...
people to keep playing with. Nothing less that psychological warfare is going on at casinos across the country. " The days of shaved dice, missing face cards and rigged roulette wheels are long gone. But the pursuit of profitability in the The corporate era of gambling has turned the average casino into a financial.
There are several positive effects that gambling has along with its positive impact for economic development. In some areas of the U.S. gambling has been embraced and promoted as a legitimate strategy of economic development. It helps the unemployed and underemployed by providing them with jobs that receive amazing benefits. It helps the real estate business in areas where casinos are built there are most likely to be a hotel somewhere nearby. There are several gambling companies that make charitable donations in their areas, by giving thousan...
Gambling is described as the betting of money or property on the result of an event or game that is mainly random with the desire to win more money or gain additional property. The industry or sector created by the activity of legal gambling is referred to as gaming. Since inception, gambling and gaming has continued to develop to an extent that it worth more than $335 billion across the globe. Most of the revenues obtained in this industry are generated by casinos and lotteries. In the past few years, gambling and gaming have attracted significant concern and controversy, especially with regards to the morality of the practice and whether its financial benefits outweigh the damage. While proponents of gambling