Preview

Social and Economic Consequences of Casino Gambling

Powerful Essays
Open Document
Open Document
1538 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Social and Economic Consequences of Casino Gambling
n modern English, a casino is a facility which houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions. There is much debate over whether or not the social and economic consequences of casino gambling outweigh the initial revenue that may be generated.[1] In the United States, many states are grappling with high unemployment and budget deficits and are now turning to legalizing casinos, often in places that are not tourist destinations. Some casinos are also known for hosting live entertainment events, such as stand-up comedy,concerts, and sporting events. Use of the word in the past, and modern use in some countries, does not necessarily involve gambling. The term "Casino" is of Italian origin, the root word being "Casa" (house) and originally meant a small country villa, summerhouse or pavilion. The word changed to refer to a building built for pleasure, usually on the grounds of a larger Italian villa or palazzo. Such buildings were used to host civic town functions – including dancing, music listening, and gambling.
There are examples of such casinos at Villa Giulia and Villa Farnese. In modern day Italian, this term designates a bordello (also called "casa chiusa", literally "closed house"), while the gambling house is spelled casinò with an accent.[2]
During the 19th century, the term "casino" came to include other public buildings where pleasurable activities, including gambling, and sports took place. An example of this type of building is the Newport Casino in Newport, Rhode Island.
Not all casinos were used for gaming. The Copenhagen Casino was a theatre, known for the use made of its hall for mass public meetings during the 1848 Revolution which made Denmark a constitutional monarchy. Until 1937 it was a well-known Danish theatre.[3] The Hanko Casino located in Hanko, Finland - one of that town's most conspicuous
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Legalizing Gambling In The United States
    • 584 Words
    • 3 Pages

    Legalizing Gambling In The United States

    All gambling was once legal. Looking back only 75-100 years ago most of our states had lotteries in place. Over the past century, as a result of abuse and moral fervor the majority forms of gambling have been prohibited. The history of gambling in the United States evolved from Europe. The Puritans and Quakers took little time to create first laws against gambling in 1638. Casino gambling is becoming increasingly popular especially in southern states. Native Americans are allowed to establish bingo parlors and casinos on their reservations, although Las Vegas and Atlantic City remain gambling tourist top destination choice.…

    • 584 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Native American Gamblings
    • 1051 Words
    • 5 Pages

    Native American Gamblings

    Government in 1987 to offer gambling on reservations as a source of income. The law split gambling into three categories: Class I “Social games”; Class II “lottery, bingo”; Class III “Casinos” (cite). In 1988, 70 Native American reservations raked in more than 100 million off of gambling activities from casinos. By 2001, Casinos became one of the fastest growing sectors in U.S. tourism. Nationally, casinos brought in 63.3 billion, in which 12.8 billion was Native American casinos (cite). By 2006, of the 562 federally recognized Native American tribes, 226 tribes engaged in some form of gambling like casinos (cite). In 2008, casinos on Native American reservations reached a total of 26.7 billion dollars, with tribes in California, Connecticut, Florida and New York, experiencing major growth in tribal gaming (cite). This rapid growth in revenue shows how Native Americans were given the advantage of legally operating casinos that essentially resulted in an endless supply of reparations for the years to come. Instead of giving a large one-time payment in reparations, the U.S. government set the Native Americans up for success in the gambling industry by giving them the opportunity to generate income on their…

    • 1051 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Gambling Addiction in Today`s Society
    • 540 Words
    • 2 Pages

    Gambling Addiction in Today`s Society

    Did you know Hawaii and Utah are the only 2 states that prohibit all forms of gambling? Gambling is betting money on any game or event. It takes a variety of forms, from nickel-and-dime poker to state-sponsored lotteries and casinos. Different forms of gambling are legal in different parts of the United States. In the early 1900s, most forms of gambling were illegal in the United States. However, legalized gambling has been on the rise since the 1950s. Casinos are establishments where people can place bets on games. They normally offer a variety of card games, dice games, and games of chance. In 1931, Nevada became the first state to allow casino gambling. New Jersey followed in 1978, making casinos legal in Atlantic City. In 2009, legal casinos were operating in forty seven states. Today, different states have different regulations on casinos. In some states, they are still prohibited entirely. In others, casinos may only be run on the water, like riverboat casinos. Casinos also exist on Indian reservations throughout the country. The Indian Gaming Regulatory Act, passed in 1988, declared that Native American tribes have the right to run gaming establishments on their reservations, as long as they are in a state that permits some form of gambling. By 1998, nearly three hundred Indian-operated casinos existed in thirty one states. Casinos have generated wealth and increased employment rates among Native Americans. However, many Native Americans, especially older people, consider the casinos a threat to their…

    • 540 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Post Implementation Benefit of Crm at Harrah’s
    • 7021 Words
    • 29 Pages

    Post Implementation Benefit of Crm at Harrah’s

    The company known as Harrah 's Entertainment was founded on October 30, 1937 as a small bingo parlour in Reno, Nevada operated by William F. Harrah. He went on to buy 'The Mint Club ' on North Virginia Street in downtown Reno. He ensured that his customers were very comfortable while they played bingo. He even had steam pipes installed at the club entrance so that they need not walk on snow while coming to the club. In the mid-1950s, Mr. Harrah began acquiring and developing several clubs at Lake Tahoe in Stateline, Nevada. Harrah 's had emerged as a leading name in the casino business by the late 1950s. In 1962, he went on to build a 400-room hotel tower in Reno. A 400-seat Headliner Room theatre-restaurant was opened in 1966. In 1971, public trading began in Harrah 's shares as the company issued 450,000 over-the-counter shares. The company went public in 1971 with 450,000 shares. Following that, in 1972, it was listed on the American Stock Exchange and in 1973 Harrah 's became the first casino company listed on the New York Stock Exchange.…

    • 7021 Words
    • 29 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Casino Industry
    • 572 Words
    • 3 Pages

    Casino Industry

    Most of the growth of casinos has come from the growing popularity of slots machines. Which counts about 2/3 of all casinos revenues.…

    • 572 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    gambling effects thesis
    • 445 Words
    • 2 Pages

    gambling effects thesis

    Over the past three decades the gaming industry has expanded at unprecedented rates, growing tenfold since the mid 1970s. Beginning with a shift in policy legalizing state lotteries, widespread casino legalization in the 1990s and the recent advent of online gambling, total gaming revenue expenditures increased by nearly 75% in the past decade alone (AGA, 2006). Concurrently, the majority of prevalence studies measuring problem and pathological gambling began in the 1980s. Although several problem and pathological screening tools and diagnostic measures have been developed, there still remains a lack of understanding, assessments, and preventative and educational programs designed for special segments of the population, including the college student population.…

    • 445 Words
    • 2 Pages
    Good Essays
    Read More
  • Powerful Essays

    Case Study Harrah’s Entertainment: Hitting the Crm Jackpot
    • 3464 Words
    • 14 Pages

    Case Study Harrah’s Entertainment: Hitting the Crm Jackpot

    November 1980: The under construction marina casino in Atlantic City opens as Harrah's Marina hotel/casino.…

    • 3464 Words
    • 14 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    : Knowing Macau with Butler's Life Cycle Model
    • 1760 Words
    • 8 Pages

    : Knowing Macau with Butler's Life Cycle Model

    McCartney, G. (2005). Casino Gambling in Macao: Through Legalisation to Liberalisation, Casino Industry in Asia Pacific: Development, Operation, and Impact. New York: Haworth Hospitality Press…

    • 1760 Words
    • 8 Pages
    Powerful Essays
    Read More
  • Good Essays

    Las Vegas Sands Corp.: a High-Risk, High-Return Strategy?
    • 547 Words
    • 3 Pages

    Las Vegas Sands Corp.: a High-Risk, High-Return Strategy?

    On August 28, 2007, Venetian Macau Ltd. (VML), a subsidiary of Las Vegas Sands Corp. (LVSC), a hotel, gaming and resort development company headquartered in Las Vegas, inaugurated the first phase of The Venetian Macau, claimed to be the world's largest casino-resort, in Macau (also known as Macao), a special administrative region (SAR) in the People's Republic of China (PRC). The casino at the resort had 870 gaming tables and 3,400 slot machines. Apart from the casino, the US$ 2.4 billion resort, built on The Cotai Strip, a reclaimed portion of land that connected Macau's islands of Taipa and Coloane, housed 3,000 hotel rooms, a theater, a 15,000-seat sport stadium, and 350 shops.…

    • 547 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Casino Industry in Macau
    • 2728 Words
    • 11 Pages

    Casino Industry in Macau

    Gambling was legalized in 1847 in an attempt to generate revenue. At the time, Macau was under control of the Portuguese. The government issued a licensing system for the Chinese “gambling houses”. Each “house” was given a license only if they gave money to the government in return. This was in the form of taxes on the revenues of each house. While gambling is normally something a government at that time would not condone, the current state of the economy called for desperate measures (“Gambling in Macau”). In 1937, the…

    • 2728 Words
    • 11 Pages
    Powerful Essays
    Read More
  • Good Essays

    Gambling in Finland
    • 770 Words
    • 4 Pages

    Gambling in Finland

    In Finland, slot machines are practically everywhere. Some are prohibited for persons under 18 years old, others for children under 15 years. The Finns like a lot the lot (even if the jackpot is much lower in compared to other European countries) and they are a people who like to play poker, especially online. Moreover, in almost all places, not just in casinos, you can play roulette or blackjack.…

    • 770 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Penghu: Saying No to Casinos
    • 402 Words
    • 2 Pages

    Penghu: Saying No to Casinos

    Building casinos may also make the crime rate rise. Casinos are usually full of all kinds of gamblers and involve a considerable number of money-related issues, so some crimes such as robbery, violence, stealing and threats may be on the increase. These crimes will surely make the public order worse and worse. “The most beautiful paradise in Taiwan.” The term that we use to describe Penghu will soon be replaced by “The most notorious island in Taiwan.” if we neglect this problem.…

    • 402 Words
    • 2 Pages
    Good Essays
    Read More
  • Better Essays

    The Bahamas: Against a National Lottery
    • 1501 Words
    • 7 Pages

    The Bahamas: Against a National Lottery

    New Providence is currently the capital of the Islands of the Bahamas with the largest population and being the main tourist hub, commonly referred to as Nassau. Currently, there are two large casinos on the island, one at the Atlantis Hotel and Resort and one at the Baha Mar resort at cable beach. Millions of tourists come in and out of the Bahamas yearly on vacation looking to gamble enjoy both of these casinos as they are packed year round. If the current Prime Minister Perry Christie were to legalize a national lottery, this means he would be legalizing the act of gambling for local citizens, thus allowing them to gamble along side with the tourists. This would cause chaos in the…

    • 1501 Words
    • 7 Pages
    Better Essays
    Read More
  • Powerful Essays

    Hilton Hotels
    • 916 Words
    • 4 Pages

    Hilton Hotels

    The company created innovative joint-venture arrangements that became standard industry practice. It then entered what would become a prime source of revenue for the company: casino-hotels. Hilton expanded into gaming in 1971; by 1989, gaming provided 44 percent of the company's income.…

    • 916 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Good Essays

    My Travel Experience
    • 653 Words
    • 3 Pages

    My Travel Experience

    The MGM Grand Macau Hotel is a unique structure located on a prime waterfront site in Macau's central Nam Van gaming district. It is placed in the neighbourhood of the planned Wynn Macau and the Lisboa Hotel and Casino, an area likely to become the first casino “strip” of Macau. It is one of the reasons why Macau is said to be the Las Vegas of the Orient. Next stop is the Wynn Macau. It is set to redefine the hotel and entertainment scene in Asia with the same excitement and flair that has made Las Vegas a top holiday destination. It is here I first saw a dancing fountain and it really caught my attention that time. I got amazed and shocked how are those fountains are installed that they can go and dance with the music. Grand Lisboa Hotel is also great. It is also one of the reasons why casinos are so popular in Macau. At night, it features a light show as it turns into a colourful sphere. Another hotel is located in the city center only 10 minutes from the Ferry Pier by complimentary shuttle and 15 minutes away from the International Airport, the Grand Emperor Hotel. The latter was said that the owner is Jackie Chan. Last hotel is the City of Dreams. The City of Dreams will be just as its name says a place of dreams. Near this hotel are other hotels like…

    • 653 Words
    • 3 Pages
    Good Essays
    Read More

Related Topics