...Effects of Casinos Review of Literature The Effects of Casinos and the Gaming Industry: Their negative effects outweigh the benefits Fall 2011 With the rapid growth of permitted gambling in the United States, much debate has risen over the positive and negative impacts of the gaming industry and casinos upon our society. Very little research has been done in the past to assess the influences upon our communities and our citizens. However, more and more issues are surfacing that are inducing much concern. The longer these establishments exist in our communities, the more their damaging effects are being felt. Those who are investigating this subject are coming to a unified conclusion: Casinos and gambling have many negative effects, far more than the few benefits that they provide. This country has undergone a gambling boom over the last two decades, and this popular past-time activity is still on the rise with new casinos being built every year. Before 1978, there were no casinos outside of Nevada (Grinols, 2006). Today there is some form of legalized gambling in every state except two: Hawaii and Utah. (Kearney, 2005) Commercial casino revenues increased 266% from $8.7 billion in 1990 to $31.8 billion in 1999. (NGISCR, 1999) Commercial casino revenues were recorded at $37.5 billion in 2007. (AGA, 2011) Revenues were recorded at 34.6 billion in 2010 (AGA, 2011), a staggering amount even after the drastic economic decline our economy endured in the previous...
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...Opposing Casinos in Penang Over the recent years, gambling has been defined as wagering of something with value on the aftermath of an event governed by an unavoidable segment of prospect for a reward with capital value, Gainsbury et al (2006). In addition to that, Eaves (2001) defined gambling as: “A simple definition of gambling would be, desiring the possession or possessions of another (prize) the gambler creates a risk (that of losing his own possession) in an attempt through chance to gain the possession or possessions of another with nothing given in exchange… It may be five thousand or five dollars, it may be fifty cents or one cent — the principle is the same, only the amount differs”. During a gambling session, cash is commonly wagered and won or lost or each of two directly through cash transactions, or discursively through tokens, credits and chips which have capital value. All other forms of entertainment joints are drawn in provisions of revenue through the gambling industry. Based on Mizerski’s (2012) gambling theory, industries correlated with gambling are now operational in most of the countries in Asia as well as in Western countries. The gambling industry’s activities are wide and international in scope. The author also stated that the biggest area of user entertainment revenue is represented by legal gambling world-wide and it even dwarfs other modes of entertainment such as the theme parks, music and movies. Ndubisi et al (2012) contend that gambling...
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...Casinos and their effect on the economy Casinos just like any other business entity are opened with the sole purpose of making money. Protagonists of their existence realize this fact and only hide the true intentions with the promise of jobs and economic prosperity. Because of this we evaluate them on their economic merit. Resource drain When studying the economic impact, some things crop up. The majority of the studies has reported a slight growth in job creation and increased economic activity. The most significant is the source of capital to operationalise the casino and its target client. When the source of capital is foreign and the client is local two things may happen. More growth is realized as profits are put into productive courses within the locality or profits are taken back to the source. In most cases, they go back to the sources. Gambling, which is the prime service offered by the casino has no economic merit since there is no good or service being produced although it is consumed. It is not like music or film where production takes place and therefore, money foregone by the customer to consume or save for another purpose and spent on gambling is considered economically lost. The multiplier effect of jobs created against the negative impact that other real goods and service industry suffer within the locality is not comparable as was observed by Dunstan (2007). Social costs of addiction and mental related issues However much any study would want to...
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...Justice and Addiction Casinos created a market with $432 billion capacity, and this business is causing court cases like Angie Bachmann’s. Have you ever thought about casinos and their impact in our society? What about the people who go there to gamble? Do you think that casinos are ripping people off by providing a service without a benefit? Every year millions of Americans lose money to these casinos. This is the aftermath of creating a tempting environment and engineering the feelings and environment in way to cause the non problem gamblers to become heavily addicted. The concept and different attributes of addiction is explained in chapter 7 of the book, Opening Skinner’s Box, the author, Lauren Slater talks about Bruce Alexander’s seduction experiment in which he proved the connection of environment with addiction. In chapter 9 the book The power of habit, why we do what we do in life and business, Charles Duhigg tells the story of Angie Bachmann a mother of three school girls and a wife that his husband goes returns home at 6 PM the earliest, who had nothing interesting in her life and during a sequence of events she gets addicted to gambling and lost $900 thousand dollars in her lifetime. Since Angie Bachmann previously ran out of money, Despite the fact that she was aware of her addiction and she did not fight through the withdrawal, which is possible according to Alexander's withdrawal study, and even though she didn’t try hard to change her habits, based on Duhigg's...
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...Stakeholders…………………………………………………………………………………………..……Page 7 Non-Market Strategies and Analysis……………………………………………………………...Page 9 Market Strategies and Analysis………………………………………………………………...…Page 11 Economic Analysis……………………………………………………………………………………..Page 12 Political Analysis……………………………………………………………………………………..…Page 14 Evaluation of Outcomes………………………………………………………………………...……Page 15 Works Cited………………………………………………………………………………………….……Page 17 Overview The industry of gambling provides a country’s respective government with large amounts of financial support. Furthermore, gambling is a multi-billion dollar industry worldwide. The misfortunes and losses of people are the monumental and overwhelming gains to government or non-government regulated casinos. The establishment of government owned casinos creates much-needed jobs for citizens as well it creates a flow of profit to the country. This inflow of cash assists the government in completing necessary tasks and is beneficial to the public because taxes are not being raised to complete such tasks. Over the last twenty-five years, the regulation of gambling has become prevalent. There are still many situations in which gambling occurs in a deregulated form such as Internet gambling, which although many people partake in, is not officially legal in Canada. The criminal code played a large part in the prohibition of gambling in Canada. In 1969, an amendment was made to the Canadian Criminal Code to allow the use of lotteries to help provincial governments...
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...Worksheet HM 322 Week 1 DQ 1 HM 322 Week 1 DQ 2 HM 322 Week 2 Individual Assignment Effects of Gaming on Society Paper HM 322 Week 2 DQ 1 HM 322 Week 3 Individual Assignment Staffing a Casino HM 322 Week 3 Individual Assignment Economic Impact of Gaming Enterprises Presentation HM 322 Week 3 DQ 1 HM 322 Week 4 Individual Assignment Regulation and Ethical Issues in the Gaming Industry Paper HM 322 Week 4 DQ 1 HM 322 Week 5 Individual Assignment Baderman Island Casino Development Paper HM 322 Week 5 DQ 1 ----------------------------------------------------------- HM 322 Week 1 DQ 1 For more course tutorials visit www.tutorialrank.com Class, In the article, "Two Studies show disparate triggers for gambling" argue that the closer you are to living by a casino the more likely you are to become a problem gambler. My first thought was that the article does not address the inner motivations and relying on a geographic location seems like an obvious answer. What are your thoughts? Do you think in general that proximity to things makes you do those activities. Could we make the same argument for someone who lives near the ocean would become a compulsive surfer? Is there a better way to identify triggers? How might one recognize a problem gambling triggers even if they were not close to a casino, because nowadays all you have to be close to is a computer? Would you rely on or select one or two factors that...
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...INTRODUCTION The perception of casinos has changed in the eyes of local communities, as those communities believe that the business brought in from casinos will result in growth to their local economies. While casinos have been able to gain more approval, they still face adversity, as there has been an ongoing debate about whether or not their negative aspects are acceptable to society. The opposition to the acceptance of casinos claims that the costs of casinos easily outweigh the economic benefits. Furthermore, Economists acknowledge that the increases in economic growth reflect communities that did not previously have a casino (Geisler and Nichols 1). As casino gambling becomes more valued in the societal and profitable environments, there is still a notion that individuals with frequent gambling behaviors will continue to be negatively affected by the rise of accessibility to casino locations. As a result, there will be a greater risk of societal costs from problem gambling such as personal bankruptcies, drug consumption and an increase of crime (Goss, Morse, and Deskins). According to Potenza et al., many of the issues...
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...Worksheet HM 322 Week 1 DQ 1 HM 322 Week 1 DQ 2 HM 322 Week 2 Individual Assignment Effects of Gaming on Society Paper HM 322 Week 2 DQ 1 HM 322 Week 3 Individual Assignment Staffing a Casino HM 322 Week 3 Individual Assignment Economic Impact of Gaming Enterprises Presentation HM 322 Week 3 DQ 1 HM 322 Week 4 Individual Assignment Regulation and Ethical Issues in the Gaming Industry Paper HM 322 Week 4 DQ 1 HM 322 Week 5 Individual Assignment Baderman Island Casino Development Paper HM 322 Week 5 DQ 1 --------------------------------------------------------------- HM 322 Week 1 DQ 1 For more course tutorials visit www.tutorialrank.com Class, In the article, "Two Studies show disparate triggers for gambling" argue that the closer you are to living by a casino the more likely you are to become a problem gambler. My first thought was that the article does not address the inner motivations and relying on a geographic location seems like an obvious answer. What are your thoughts? Do you think in general that proximity to things makes you do those activities. Could we make the same argument for someone who lives near the ocean would become a compulsive surfer? Is there a better way to identify triggers? How might one recognize a problem gambling triggers even if they were not close to a casino, because nowadays all you have to be close to is a computer? Would you rely on or select one or two factors that...
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...report was to analyse the definition of the topic Integrated resort, also to explain different fields including geography locations, operational aspect and business entity. According to Nunkoo and Ramkinsoon (2010), the implementation of integrated resorts has been regarded as an option to operate sustain the economy and cash flows .While investigating these aspects of integrated destinations, it is also very important to consider the standard features and benefits. The information used will depend consisting of online website and individual knowledge. The intention of society dissection is to specify and provide ways to enhance the life of the citizens and the socio-economic requirements of the community (Board of Investment, 2009). Gaming areas, restaurant, hotels, retail shopping and other tourist attractions are consisting to be one: Integrated resort. When the term “IR” appears, that means gambling or casino would refer to gaming area exclusively. Das (2011) believed that IR is expected to advantage the economy from the investment, construction spending, draw in more tourists and support the services industry of the island economy. Integrated destination is features about world-class accommodation, bar, conventional facilities, restaurants, hotels, shopping...
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...the casino, logging into the internet or even purchasing lottery tickets. Because of the hold it has on a person, it can cause several harmful effects such as health issues, emotional instability and astronomical financial burdens. Even though some have fooled themselves in believing that it is just for fun and enjoyment, the real truth is it can be a life changing experience. In 1998, people gambling in this country lost $50 billion in legal wagering and by 2003, the figure jumped to more than $72 billion. The number one gambling addiction is casino gambling. Gambling addictions which, is sometimes called compulsive or pathological gambling, is a disorder in which you cannot control yourself. The different structures and sounds once you enter into the casino surrounding gives an adrenaline rush that causes the urge to gamble. The urge to want more money comes about when a big jackpot is won. There are various symptoms of gambling addiction. One symptom of gambling addiction begins is lying when confronted about the problem. Another way of detecting addiction is when they gamble with money that is needed to pay bills, buy food or any necessities that are needed for everyday living. There are treatments for casino gambling addiction. Psychotherapy, which deals with showing the gambler how to reject the temptation and urges, is the most effective treatment. Gamblers Anonymous is another way to help combat gambling addiction. Internet gambling impact on society is growing...
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...Ethics & Gambling Matthew J. Nagle Sociology 120 Kathleen Marker 5/14/2013 The extent of gambling in our state has just exploded with all the casinos that are erected and functional across Pennsylvania. I can go to about six casinos with the closest being approx. three miles to an estimated sixty miles and that is just in the eastern part of the state. “Gambling has been a part of human culture since history was first recorded. It involves three elements: consideration, chance, and reward” (McAuliffe, 2006). I speak of this because after years of experience gambling legally and illegally, I still find myself in moral and ethical situation from time to time. Furthermore, I often wonder where the social and ethical responsibility lye, on the patron only or do we place some of the burden on the casinos and bookmakers. “Compulsive gambling is a serious disorder, as exhibited by extraordinarily high rates of suicide, severe depression, alcohol abuse, and crime” (Unknown). Understanding, that a casino has tracked, recorded your every move in and out, and, every monetary transaction you have attempted and completed in said casino. There must be an equal footing for each to accept responsibility for acting irresponsible. In my findings, I intend to reveal ethical issues related to problem gamblers, casino promotions, and enticements, overall ethical concerns involving both state and church, and finally, some examples to tie it all together. For now, let us look at how...
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...Singapore Casino Gambling Introduction Singapore is among the fastest growing economies in the world. The country has diversified its revenue sources in order to expand its economy. The country in 2010 launched Integrated Resorts that would serve as tourist destination and attraction sites. These two resorts that are equipped with several modern facilities are: Marina Bay Sands and Resorts World Sentosa (Shi, 2013; Mazza, 2013). Among the many facilities, the resorts have gaming and Casino Gambling facilities. The two Casinos at the two resorts have had positive contributions to Singapore’s economy since their launch. Casino Gambling however have impacted negatively on the society. Casino Gambling is considered to very addictive and some even argues that it destroys the social fabrics in a society (Kae and De, 2012). According to Ng (2011), casino gambling since the inception of two resort centers has taken shape in Singapore. Gambling is a legal activity that has economic value and pumps money through taxes into the economy (Tse, Hong and Ng, 2013; Case, 2011). Casinos also offer employment to many people making it even more beneficial in an economy. The government is blinded by everything for the simple reason that more addiction among gamblers drives more profits in terms of taxes for the government. It is the responsibility of businesses to be socially responsible and has activities that in anyway can degrade the moral values, beliefs and behaviors of people. Access to casino gambling...
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...dependent on tourists. But when prohibition ended in 1933, there was less reason to come here. Also after world war two things started to decline in terms of number. Atlantic City needed something to draw the crowds back, so in 1976, New Jersey passed a law allowing casinos here. And for a while, gambling worked. Casinos were salvation for the Atlantic City. For years, Atlantic City enjoyed a monopoly on gambling on the East Coast. But that salvation was temporary, in the mid2000s, the city’s luck turned along with the nation’s economy and gamblers abandoned Atlantic City. So what were the possible reasons of the fall of Atlantic City? Possible reasons of the fall of Atlantic City: The important factor contributing to the decline of the Atlantic City is the legalized gambling in surrounding states. At the beginning casinos were restricted to Atlantic City only gamblers had no choice but to travel from far and wide to come try their luck on the boardwalk. Pennsylvania legalized gambling in 2004, this event must be one of the biggest drains on Atlantic City in recent years. Why would New-Yorkers travel 130 miles to Atlantic City after long work week to gamble in Atlantic City when Las Vegas Sands Corp. Sands Casino in Bethlehem, Pennsylvania is just 80 miles away? Atlantic City was second largest gambling market in the country. Now Pennsylvania gambling market has overtaken second place. And it’s not difficult to see how Pennsylvania’s rising gambling revenue and Atlantic ...
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...Americans are familiar with the nation s major addictions: narcotics, alcohol, and tobacco. Society has spent countless millions of dollars warning about these substances, however another addiction that receives far less attention is sweeping across America. This addiction is having a major impact on the college campuses across our nation. The executive director of the N.C.A.A., Cedric W. Demsey, in his 1997 State of the Association address called gambling the most serious threat facing intercollegiate athletics(Naughton A52). At the heart of the gambling problem on college campuses is college sports gambling. Gambling on college sports has two major impacts. First, gambling on sports just like casino gambling is addictive. Secondly, gambling on college sports has hurt the integrity of college athletics. Because gambling on college sports is causing negative consequences for college students, athletes, and athletic games, the U.S. government should ban all gambling on college sports, and steps should be taken to decrease the prevalence of illegal and Internet gambling on college campuses. On March 19, 1931, the Nevada state government voted to legalize gambling. At this time no one had ever heard of the term, sports book . It would be some forty years later before the first sports book would open up in Las Vegas. The Union Plaza Hotel in downtown Las Vegas opened the first casino sports book in 1975. A sports book is a place where a bet can be made on a sporting event. Nevada...
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...Companies use Corporate Advertising to increase awareness of Corporate Social Responsibility Therefore Increasing Profitability Erika Jean-Pierre Saint Leo University Abstract This review of literature will explore seven peer reviewed articles that report on results from research conducted on how companies use corporate advertising to increase awareness of corporate social responsibility thus increasing profitability. More specifically focusing on the advantages of corporate social responsibility and the positive benefits in profitability. This review of literature will incorporate various companies and industries from coffee, grocery, amusement parks, cars, oil production, alcohol, and casinos. It will analyze how corporate communication of corporate social responsibility enhances market share and drive increased profits. Companies use Corporate Advertising to increase awareness of Corporate Social Responsibility Therefore Increasing Profitability Numerous studies have been conducted on corporate advertising to increase awareness of corporate social responsibility and increased profitability for business. Companies use corporate advertising to strengthen their identities and create a favorable mental picture in consumer’s mindset. On average, companies spend millions of dollars each year in their marketing budgets toward corporate advertising. With corporate advertising, companies are not necessarily looking to sell a product or service, but rather the...
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