• Part 1 – The American Gaming Association (AGA) sponsors research for the gamin
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Question
• Part 1 – The American Gaming Association (AGA) sponsors research for the gaming and entertainment industries to show the impact of gaming and casinos. Their research indicates that: o More than 1 million people are directly and indirectly employed in the casino industry o The casino industry generates nearly $10 billion in salaries and $12.5 billion in indirect salaries. Visit their website (www.americangaming.org) and list 10 facts that you did not already know about the gaming industry. • Part 2 – Many towns and cities eagerly try to legalize gaming and build casinos due to the large amount of tax revenue that the business and its patrons generate for the area. However, gaming does not only have positive impact on an area. List the potential negative impacts of gaming on an area
Explanation / Answer
Part 1: 10 facts about the gaming Industry
1. U.S. casino industry is estimated to be $240 billion industry, which supports 1.7 million jobs in 40 US states.
2. Women make up nearly half of gaming’s workforce–higher than National average
3. 45% of gaming’s workforce is composed of minority employees
4. Gaming is expected to add more than 62,000 jobs by 2024
5. Gaming industry doesn't create just one type of job, but provides more than 200 distinct types of unique career Opportunities.
6. Gaming employs a large number of millenials and nearly33% of the workforce is less than 30 years of age
7. Average yearly spends of casino visitors at local small stores or nearby attraction amount to more than $14 billion resulting in growth of small businesses
8. 26 NFL teams play home games at a stadium located within an hrs drive of a Casino
9. During 2016, consumers spent more at commercial casinos than they did on movie tickets or major concerts.
10. Revenues generated by Gaming industry in Nevada is nearly 3 times more than the revenues of Atlantic city which is a distant second in terms of revenue generation.
Part 2: potential Negative impacts of gaming in the area.
1. Casino gambling Industry may give rise to crimes and criminal activities in the area. organized crimes, loan sharka, money laundering may find a way in casino gaming industry if not controlled at the initial stage.
2. Gaming addiction may result in social issues such as child neglect and family issues.
3. Other social issues may be large tourist gathering resulting in extra burden on environmental resources, greater trash build up and worsening traffic conditions.
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