Economic Rebirth Or Social Sui

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proponents’ point out there are very few industries that can have such an immediate impact on a community. Casino giant Resorts International conducted an economic impact study during the 1980’s when Louisiana was debating the legalization of gambling. This study predicted a huge influx of tourists, the creation of 69,000 jobs, and a 4.3 billion-dollar industry that would provide the city with a substantial increase in revenue. The owners of the Casino Queen, a riverboat casino in East St. Louis, Illinois, point out that gambling taxes paid by the boat, funded a new Police station, the hiring of 22 police officers, and the purchase of 13 police cars (Richter 3). New Jersey, casino supporters boast that between 1977 and 1992, employment in the service industry employment grew 608%, new construction projects grew 95%, and the creation of 600 transportation related jobs (Reed 18+).
The standard pro-casino rhetoric is full of misleading information and never ...

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900 of Atlantic City’s 2100 small businesses have closed their doors since the casinos opened theirs.” Within the first five years of casino operations, 30 retail stores went from profitability to closure. The bureau also reports the number of restaurants has declined from 243 in 1977, to 146 in 1987 (Wienberg Nov’93). Economists have a term for the damage caused by casinos on the local businesses; it's a phenomenon called “cannibalization.” The economists seem to have hit the nail squarely on the head. Despite approximately 6 billion dollars in private investment, Atlantic City has become virtually two cities. One, a city of extravagant ...

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