Casino Gambling as an Economic Development Strategy Essay

Casino Gambling as an Economic Development Strategy 1) Summary According to the casino gambling is experiencing rapid growth in the Unites States. This paper focuses on social and economic effects of casinos. For the methodology part; the author uses “the Quasi-Experimental Control Group Method” to study 68 counties where casino were open during 1989-1993 and 3 multi-casino counties. The method chooses a control group to of counties similar to counties that can be divided in to 1) The control group with a treatment which have received a particular construction or opening of a casino facility. ) The control group of untreated counties without the casinos that serve as a benchmark against which to measure the effect of the treatment. By having the ultimate goals compare the growth rates of casino and non-casino counties.

Here are the results 1) the casino counties that suffered from lagging earnings, employment and population growth before may be recruiting the casinos to offset the declines of their economy. 2) The growing of an economy can be driving from the service sector which largely from casino development including construction, retail trade and dividends, interest and rent. )The per capita income grew nearly 5% points faster in casino counties than their non casino counties. Therefore, casinos not only grow the local economy, but on average residents gain as well. 4) The casino earnings and employment opportunities do trickle down or increase the wealth to the lower income residents. 5) The casino does not cause crimes. 6) There is no evidence that casino development cannibalizes other industries. 7) The casinos are supplied by the outside of the host county for the labors.

Therefore much of the casino generated income goes to outsiders is noteworthy. 8) The establishing of gambling venues which are adding capacity increases the competition. 9) Not all counties get benefit equally depending on the type and location. For example Riverboat casino has more rapid growth than Indian casino; Indian casino has more rapid growth than single casino counties. EE409: Phornrampha Kuariyakukul 5004640784 2) What make a paper good · In the methodology; it states very clearly and easy to understand. · Writing style goes straightly point by point. In the introduction part, it says about the motivation and the importunateness of the study and why the readers should read the paper. · Have good related references. · Even there are the uses of the economical term and analysis, but at the end the author just concluded and explained in the easy way that everybody can understand for the result. 3) Critical Thinking · The paper should state for the further recommendation for the other related paper in this field. Such as other method can be used, other interesting topics etc.