Category Archives: Economic Impacts

Rhode Island casino seeks greener pastures

A casino plan to move from Newport, R.I. to Tiverton won locally by just 368 votes, but won easily state wide. The casino corporation spent $3 million on the election, gainst no formally organized opposition. The move for the casino …

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Kentucky Poverty Rankings: a simple analysis you can do

  The following data comes from www.statehealthfacts.kff.org. This is the Henry J, Kaiser Family Foundation website which contains a variety of health facts for the states. For context there are several demographic comparisons as well. I have selected some that …

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2015 New life for Aksarben neighborhood in Omaha

Redevelopment of the former site of the Aksarben Racetrack and Coliseum has moved very quickly and successfully.  The mixed use 70 acre development project includes restaurants, retail and office buildings, apartments and townhouses, hotels, a fitness center, a movie theater …

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A good way to wreck a local economy…bring in casinos

This column by former advisor to President George W. Bush and current Senior Editor with Atlantic Monthly, David Frum, explores the economic impact of casinos on local economies.  When the casinos move in next door, the impact on neighboring property …

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Despite casinos’ poor economic record, Philadelphia pushes forward with second casino

Philadelphia is hoping to buoy the economic prospects of its Center City area with a second casino, despite the fact that the state’s first casino has failed to produce economic growth and despite the fact that time and again, casinos …

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Why casinos won’t help failing cities

This article from The Atlantic explains why cities that have fallen on hard economic times and are looking to casinos to save them are making a huge mistake. Casinos foster addiction and profit off of those who fall into that addiction, with …

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It’s time for Atlantic City to end its failed experiment

Atlantic City, perhaps more than anywhere else, is a microcosm of what goes wrong when casinos are adopted as the main source of revenue for a city. The city now faces competition from other casinos in the northeast, which is …

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Casinos in Atlantic City have failed the African-American community

This article from The Grio outlines why the casino industry in Atlantic City have proved a detriment, not an aid, to the African-American community in the city. For years, the city government has served the needs of the casinos in a …

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Urban casinos hurt America’s cities, experts say

The argument against casinos has long hinged on the immorality of casinos- preying on addicts, taking advantage of the poor. But as casinos shift more and more to American urban centers, rather than in the woods or on a Native …

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20 years after casinos legalized in MO, former supporters admit they haven’t delivered on promises

In 1994, when a measure legalizing casinos in Missouri became law, State Rep. Herbert Fallert was its biggest supporter. After all, it was his 1991 legislation that began the whole process. However, now, 20 years into the casino industry in …

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The libertarian argument against government-sponsored casinos

“When the state joins forces with private industry in order to sponsor and propagate an old human vice, the results can devastate both civic life and, in the long run, the civic purse as well.”  This is the conclusion made …

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Small businesses in the food and beverage industry hurt by surrounding casinos

Casinos negatively impact small businesses in the surrounding area, especially those in the food and beverage industry. This article from Indian Gaming helps to explain the casino strategy to subsidize food and drink costs with gambling profits to help boost …

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Casinos hurt home values in host communities

A new report from the National Association of Realtors shows how home values in western Massachusetts would be hurt by a casino in the area. Due to its addition of traffic noise and the general bother of an attraction that …

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Atlantic City’s severe hardships continue despite plunging millions into casinos

Atlantic City is known for its many casinos and for being, essentially, the Las Vegas of the east coast. The many casinos were brought into Atlantic City under the pretense that they would help the city out of its financial …

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Even the most lucrative of casinos cannot save its surrounding city

The Resorts World Casino is located in Queens, New York, and is known as the country’s #1 top grossing casino, reaping huge profits for the casino owners. However, if you take a look at the surrounding city and its residents, …

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Casinos are no help for Detroit’s financial ruin

This in-depth report by the Detroit Free Press chronicles the downfall of one of America’s great cities and explores the many reasons behind the city’s financial collapse. Though originally heralded as a possible savior for the city, casino gambling became …

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20 years after casinos opened in Gary, IN, the city still struggles

Since the decline of the steel industry, Gary, Indiana has been a city struggling to keep up. Twenty years ago, Gary opened its first casinos, spirits buoyed by the casino industry’s lofty promises of economic development and help for cities …

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Survey of literature on the economics of lotteries

Below is a survey and summary of the many existing works regarding the economic impacts of lotteries in the US. It underscores the need for more unbiased research in this area, as well as giving an informative look into the …

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Investigation of Iowa Lottery shows improvements need to be made

This in-depth, exhaustive study of the Iowa shows that the lottery has to make improvements to protect its customers and its integrity. The author uses the investigation to create a list of improvements the lottery can make to improve. Take …

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A look into the economic and fiscal impacts of casino gambling

This report, from Wichita State University, gives an unbiased and detailed look into the economic and fiscal impacts of casino gambling in Kansas. It gives a balanced and nonpartisan look at how casinos impact the area around them.  Below is …

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New study reveals economic impacts of Philadelphia casino

Below is an informative study from Temple University that delves into the economic impacts of the Foxwoods Casino in Philadelphia, PA. After examining all the evidence, the study concludes that the claims that casinos will bring in revenue and jobs is based …

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Casinos do not provide budgetary stability they promise

Casinos fail to increase revenue even though casino leaders continue to promise to the contrary, according to an article in the Lexington Herald-Leader in Kentucky. Instead of generating new income to provide for education and other services, experts say casinos …

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Study Shows Far Better Strategies Exist to Create Jobs Than Casinos

As part of their costly public relations campaigns to gain approval for casinos, gambling operators and their supporters commonly promote the narrative that there is little alternative to their proposal to “add” jobs to a region. “If not this casino,” …

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Casino bets that it’s time for change

Officials in Niagara Falls, New York are preparing to mark the 10th anniversary of the casino, which opened with much anticipation and rave reviews on New Year’s Eve 2002. Casino proponents at the time said the casino marked a new era in …

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Ralph Nader on why casinos are the wrong direction for America

The nation’s most respected consumer advocate, Ralph Nader, speaks powerfully about why government’s experiment with casinos is a failure and why we need to stop it.

Failed revitalization in Atlantic City, and the continued culture of crime

Atlantic City’s problems sprout from the inside, in the casinos in particular. Following the casinos is crime and poverty, which only bring the city down further. In order to revitalize the city, the problem must be taken care of on …

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Economists Find That Gambling Revenue Comes At the Expense of Sales Tax Revenue

Economists John Jackson and Douglas Walker published an article in Contemporary Economic Policy in early 2011 that showed that the increased revenue that comes from gambling often comes at the expense of sales tax revenue. The two also came to …

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Economist Testifies On the Negative “Spillover” Effects of Predatory Gambling

Economist Loretta Fairchild testified at a hearing in the Nebraska legislature in October 2011 to express her findings that the costs of predatory gambling significantly outweigh any benefits. She also notes that gambling “is one of a very small number …

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Nobel-Prize Winning Economist Paul Samuelson on Gambling

“There is a substantial economic case to be made against gambling…it involves simply the sterile transfers of money or goods between individuals, creating no new money or goods. Although it creates no output, gambling does nevertheless absorb time and resources. …

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“Destination Resort” Sees Large Growth in Poverty

While predatory gambling operators around the nation are still selling the idea of “destination resorts,” it is important for citizens to consider how one of America’s most well-known destination resort is faring. The 2009 article below from the Press of …

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Disney and Florida Chamber of Commerce Oppose Florida Gambling Expansion

The state of Florida often markets itself as a family friendly destination, attracting millions every year to Orlando’s Walt Disney World. That image could change if Florida lawmakers allow predatory gambling giants like Genting, Las Vegas Sands, and Wynn to …

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Casinos Wipe Out Local Music Theaters

Bringing casinos into a region severely hurts other cultural arts organizations. Unlike casinos, which thrive on gamblers, local arts and music theaters must make money on ticket sales. They sell tickets when they host popular shows. But popular musicians and …

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Casinos Will Lead to Net Job Loss in Ohio

In the fall of 2009, Ohio voters were faced with a referendum to allow casino gambling in the state. Prior to the election, the Public Policy Analysis Group at Hiram College studied the social and economic effects that this form …

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Looking Back, Lost Bid to Host a Casino “a blessing”

The English seaside resort town of Blackpool was relieved when it lost a bid to host a “super casino.” Blackpool will now focus its efforts on maintaining its family friendly reputation. Blackpool’s Casino Loss ‘a Blessing’

Mayor Testifies Foxwoods Casino Has Not Brought Economic Benefits to Town

The former mayor of Ledyard, Connecticut, Wesley Johnson, testified his town has not seen any positive economic impact since the Foxwoods Casino was built there. “There has been no economic development spin-off from the casino. Businesses do not come here,” …

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Federal Reserve Study Finds Casinos Do Not Grow Local Economies

A 2006 study by the Federal Reserve Bank of Boston found that patrons who frequent casinos catering to local markets do not bring in any new money to the local economy and are simply substituting gambling for other goods and …

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Casinos Failed to Bring Prosperity to Connecticut

Despite developing two of the largest casinos on the planet in the 1990s, the state of Connecticut is in dire fiscal shape. The New York Times piece below states that “Connecticut’s finances are among the most troubled in the nation: …

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New Hampshire Study Finds Proposed Casino Would Take Away Local Jobs

In May 2010, an independent New Hampshire Gambling Commission study found that bringing one casino to the state would take away seven existing local jobs for every 10 casino jobs created – yet another example how predatory gambling operators willfully …

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Impact of Casinos on Retail Sales

Taxable retail sales in Iowa cities without casinos grew more than five times faster than sales in cities with casinos, leading researchers to conclude, “the operation of a casino in a mid-size city, far from contributing to economic development, creates …

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The economic growth fallacy of supporting casinos

Proponents of casinos will tell you to think of casinos and institutionalized gambling as economic development; the truth is, revenue from gambling funds government – not growth. Not one study unaffiliated with the American Gaming Association backs up the claim …

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