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.
A report released by the American Gaming Association stated that “based on direct, indirect, and induced impacts, the commercial casino industry supported approximately $125 billion in spending and nearly 820,000 jobs in the U.S economy in 2010” (Bazelon, et al., 2012) On a larger scale, the global casinos and gaming sector grew by 9.2 percent in 2012 to reach a total value of $456 billion (“Global casinos”, 2013). The modern casino is like an indoor amusement park for adults; the thrill of gambling, entertainment, and staying in a luxurious hotel is an experience desired by many tourists and it brings in billions of dollars in profit every year. A survey conducted in 2009, found that about 65 percent of Americans thought of the casino industry as being a vital and important factor to the overall U.S travel industry (“U.S commercial casino industry”, 2010). As conditions in the marketplace have changed, the gaming and gambling industry has increased its reliance on the lodging industry to bring in more revenue by attracting more gamblers to casinos (Walker, 2013). Even though the gambling and casino operations segmen... ... middle of paper ... ...y has truly impacted the travel and tourism industry as well.
In our society today the Casino Industry is a gambling medium of entertainment for adults. Casinos have become a major aspect of different cities economies and hundreds of thousands of people’s lives. Casinos are exciting and a great experience for many people who feel they have a chance to win it big. Atlantic City and Las Vegas are two of the popular venues for gambling in the United States of America. The way in which this industry was externally set up is so strategically plan out that it allowed the industry to become very successful.
Throughout the twentieth century, legalized gambling has become an excellent source of entertainment. Proponents of gambling argue that casinos provide an outstanding source for job opportunities, direct revenue to state and local governments through taxes and fees, and increased tourism in the surrounding areas. Opponents of the controversial gambling topic focus on the attraction of an unwanted crowd, increased crime rate, and traffic congestion on state and local roadways. Both United States citizens and foreign tourists who want to experience the glitz and glamour of gambling can travel to remarkable Las Vegas or Atlantic City. For many years, Nevada and New Jersey were the headquarters of gambling in North America.
Sin City Two years ago my husband, myself and another couple visited Las Vegas, which is better known as sin city. Las Vegas is the biggest city in Nevada. Neon glittered hotels make up the general landscaping, which is otherwise a flat valley with a mountaintop background. The city is quite compact for tourism purposes, even though according to Frommer’s, Vegas is considered one of the fastest growing cities in America. Gambling is the central focus of Vegas, and casinos are abundant, but if gambling is not your thing there are plenty of other attractions to do and see.
Gambling is a National Pastime Gambling has existed for centuries, entertaining and creating opportunities to win big for millions despite their social class. The lottery since colonial times has been used both for entertainment and public needs and its forms vary greatly from simple competition to large scale events. The state’s economy profits from both the tax revenue and the boost to the local economies through the gaming industry. Tourism profits largely from the gambling industry, especially in areas known for their casinos. The gambling industry creates hundreds of thousands of jobs ranging from the casinos themselves to the surrounding communities.
Gambling should be legalized federally in the United States in order to raise the standard of living in economically depressed areas as well as to create thousands of jobs and reap economic benefits of tax dollars, tourism, and high employment rates. Gambling has been shown to heighten financial potential and prominence in regions where it has been legalized. The standard of living rises after having a casino in the area. This is due to the fact that casinos attract big spenders and investors to the city. Not to mention the rather large police forces attracted by crime spawning grounds near casinos.
According to Forbes magazine, Stephen Wynn is one of many who have control over his business ownership and shareholder profits that are primarily of the Las Vegas private ventures, products and services are being held and consumed. Without the entrepreneur ideas of Mr. Wynn, the resorts and various styles of gambling probably would not have the significant changes that have taken place over the past two decades. His success has given Las Vegas, Nevada a new demographic view since the early 1970’s. His expansion of the Las Vegas strip has escalated to become a blooming town for share profits and annual revenues. In the beginning of his career, he renovated the Golden Nugget and later built the Mirage given the tourists and local citizens an eye-opening entertainment along with luxury accommodations than ever before.
Body: Casinos generate huge revenues. Thailand can gain benefits from taxation. For example, Macao gains benefits from casinos taxation. Casinos in Macau benefit 360.75 billion patacas ($45.2 billion) last year, 18 percent growth ( Chan, 2014) Illegal casinos in Thailand can make about 27,286- 134,780 million baht each year. Thai government can expe... ... middle of paper ... ...o Gaming and local Employment Trends.
“Place your bets”, the dealer shouted as he shuffled the deck of cards. Las Vegas, also known as sin city stands as one of the best popular cities for tourists in the United States. It is located in the state of Nevada. With miraculous shows, luxurious hotel/casinos, and fascinating attractions, and Las Vegas is definitely worth a visit. Las Vegas has a variety of different shows to check out.