The Economic Effects of a Casino on Verde Valley
I tried to begin my study without any bias towards the results and believe that I succeeded in that category. I have been working for the casino for about six months so this gave me a little more access to the information than the average Joe. The results lead me to believe that the effects of the casino on the Verde valley as a whole are relatively small. In this report I will show the economic effect of the casino on the Verde valley as well as the effect it has on the crime rate bankruptcy and over all poverty. In addition I will compare these results with that of other cities around the nation which also have tribal gaming within fifty miles of there city.
The first thing I did to begin my research was to ask my boss how much the casino grosses per year. She unfortunately told me that was confidential, so I asked the man in charge of the department that tracks how much money is spent buy the guests. He answered that the casino on average grosses a few billion dollars a year but that the amount that is actually kept as profit for the tribe is a lot less. I couldn’t get him to tell me exact figures but I did get another useful piece of information, I asked him how many of the people that gamble at the casino were actually from the Verde valley and how much is the average amount spent by the guest. He told me that the average amount of money spent by the guests ranged from about two to three hundred dollars per visit, and surprisingly enough most people that gamble at the casino are actually coming up from Phoenix or down from Flagstaff. I found this to be very interesting so I figured that economically the Verde valley must be pretty well of considering there not really giving a whole a lot and making a bunch.
I then compared these findings to that of other casinos around the area. The first thing I did was make a phone call to Buckys casino in Prescott fortunately they were very happy to answer a few of the questions I had. I asked, where most of there business came from and they responded that most was from Prescott and the small surrounding towns.
When most people think about the state Nevada, they think about gambling, fast weddings and easy divorces, prostitution and twenty four hour a day drinking. Reno and Las Vegas have capitalized on these markets and use them to attract tourist into their casinos. One town in Nevada attracts tourist for a completely different reason. Just a short 2 hour drive from Las Vegas the town of Rachel Nevada pulls in tourist hoping to catch a glance of something extraterrestrial.
“We get no help from the casino, no money, nothing,” said Pauline Randall, 75, a lifelong resident of San Carlos. The same complaints complaints are made on other reservations that have built casinos in the last decade. Many Indians state that either the casinos make little profit after expenses, or the profit is paid mostly to the Indian officials that have been placed charge of the the management of the casinos. An Associated Press computer analysis of federal unemployment, poverty and public assistance records indicates the majority of American Indians have benefited little. Semin...
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 .
The movie Casino produced by Martin Scorsese, is a movie based on the glories days of Frank Rosenthal (also known as "lefty") who ran the Stardust, Fremont and the Hacienda casinos in Las Vegas in 1970's. In this movie, Robert De Niro plays the role of Sam Rothstein, a top gambler who is called by the mob to oversee the day-by-day operations of the Tangiers Casino in Las Vegas, and then we got Joe Pesci playing Nicky Santoro, based on the real-life, Anthony (Tony the Ant) Spilotro (Encyclopedia casino (film)). Joe Pesci, is a good friend of Sam that has been called by the Mob to protect him, and at last but not less, Sharon Stone playing Ginger Mckenna, Sam Rothstein's wife. The movie mainly talks about how the Mafia has ruled the fictional Tangier Casino and having their own man in the count room skimming the money and sending it back to where the big bosses where. With Sam running the Casino, everything went smooth until the whole business turned out to its worst (Encyclopedia casino (film)). The first aspect that was chosen to talk about is the process and the way that the Mafia arranged to take part in Las Vegas and the second aspect will be based on one of the most popular gambling types called the Bookmaking which was illegal in United States with Las Vegas as an exception.
The law categorized gambling into three classes and depending on the class gambling could be done freely, done with the approval of the National Indian Gaming Commission, or done with the approval of whatever state the reservation is in. The Indian Gaming Regulatory Act had a great effect on New Mexico, as well as the Indian communities who chose to participate, and even those that didn’t. The Indian Gaming Regulatory Act made New Mexico an even larger tourist attraction than the art communities and beautiful landscape had and brought millions of dollars that would aid the tribes and further the economic development on tribal lands. The funds made from the casinos helped Natives lose the title of second class citizen and bring much needed social equality between Indian and non-Indian peoples. Of those tribes who benefited the most from the Indian Gaming Regulatory Act were the Mescalero Apache Tribe who were amongst the first to construct casinos and profit from them immensely. Many tribes chose to participate in gaming because they had no other economic opportunities available to them, but a few chose not to. An example of those who chose not to benefit from the Indian Gaming Regulatory Act were the Navajo and Hopi
The casino kept offering different things and after this she was unable to refuse. She was offered anything she wanted, the casino would negotiate any request. At one point Bachmann had walked away from all the gambling, but soon after her parents passed away she returned to the casino and there she was seduced into coming back. After her inheritance, she had told Harrah’s that she was almost out of money, but they told her to come anyway. The casino told her, they would give her a line of credit to start off with. Bachmann ended up borrowing a total of about $125,000. Bachmann eventually lost everything she and her family had, including their family home. Bachmann tried to win back the money she was losing but she wasn't able to. Bachmann wasn't able to repay the money back to the casino and the casino then sued her. Bachmann was then found guilty for her gambling habit. You see if the casino wouldn’t have encouraged Bachmann to continue gambling and offer her money to play it, perhaps she wouldn’t have lost all that she owned. The casino kept seducing her to come in, making it impossible for her to refuse. Bachmann was enjoying all the perks her gambling addiction was able to get
In an effort to provide jobs and reverse the poverty that had long plagued the Coeur d’Alene people, in 1989 tribal member David Matheson started conducting market analyses and feasibility studies for a casino to be built on the reservation. The plan, with approval of the state, was to build a 100,000 square-foot casino and offer both bingo and casino-style gaming.
Compared with other faux pas such as cigarette smoking and alcohol consumption, gambling is a relatively new and legal outlet for people to abuse leading to self-harm, maladaptive family structures and an eventual strain on society. While gaming has been around since the beginning of time, the last thirty years has brought about new and more aggressive marketing and with it has come new set of problems. The new world of gambling is orientated around continuous and rapid mass consumption (slot machines) focused primarily upon individuals betting in increasingly socially dislocated environments (Adams). Communities with gaming centers, race-tracks, and casino’s are often located in the poorest parts of cities and suburbs. In the United States, racial and ethnic minorities are among the groups most at risk for gambling problems (Wiggins). A random-digit-dial telephone survey revealed that 8% of Hispanics were pathological gamblers, which is four times higher than the 1.8% rate for Whites (Wiggins). From a social exchange point of view we have to ask ourselves if the risk of increased social disruption outweighs the rewards of local economy stimulation. Is it acceptable to harm the social fabric by increasing crime, bankruptcies, and social pathologies? (Chhabra)
Although poverty rates on some reservations are getting better because of gambling enterprises and natural resources, most reservations have unusually high poverty rates. In 2000, the poverty rate of the entire United States was about 11.3%. Compare that to a 25.9% poverty rate for Native Americans living on reservations. The poverty rate of Native Americans in 2000 was higher than the peak of the poverty rate of the Great Depression, which was 21.7% (Native American Statistics”). This statistic alone shows that Native Americans are not doing well financially.
Las Vegas also it is familiar as “Sin City,” is one of the most famous tourist place in the world. It is an incredible place in the middle of dessert, it is a city established from nothing to something great. Vegas has developed in tourism and population as well to become beyond universal. Las Vegas has ranked the fastest-growing state, according to the Las Vegas review journal, “Nevada ranked as the nation’s two fastest-growing states over the past year, according to U.S. Census Bureau population estimates for 2016 released Tuesday.” Las Vegas is known as a gambling city, nightclubs and casinos. Gambling plays a big role in many Nevadans Lifestyles. This is such a problem that should be considered. In this essay I will discuss about how gambling has a big effect on Nevadans lifestyle, plus how to avoid being addictive to gambling. In Las Vegas there are stereotypes of gambling, such as Lottery, slot machines, cards, and many others. But in this essay I will only discuss on slot machines.
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.
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...
The gambling industry is a big money maker in America. Gambling institutions exist in many states. These institutions consist of riverboat casinos, Indian reservation casinos, and regular gaming casinos that all accumulate millions of dollars to the state through taxes. This tax money is then used throughout the state for many programs that may include education, health, and road maintenance. The American Gaming Association (AGA) even claims that gambling institutions lower the taxes in many areas because of the large tax money they give the government (CQ 784). But does the gambling industry only help and build the economy and attract money from the public? Perhaps the gambling industry increases more than just government funds. Is it possible that the gambling also increases crime?
Known as one of the most significant developments in the hospitality industry during the past three decades, the casino industry has rapidly expanded and converged into the lodging and hospitality industries (Walker, 2013). According to Walker’s Introduction to Hospitality Management (2013), “casino resorts are among the most visible hospitality businesses in the world”. Twenty out of the thirty largest hotels in the world are casino resorts and they are located on the famous Las Vegas Strip (Walker, 2013). Casino resorts are often quite large and luxurious where gambling is the main activity engaged in by patrons. 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).