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Casinos
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have become a form of entertainment for millions of Americans. In fact, Las Vegas, considered to be the home of casino gambling, is third only to Disneyworld and New York for tourism with 260 million visitors yearly. While it is true that gen .... Middle of Term Paper
... and other local businesses will benefit when exactly the opposite is true. Who is going to eat a local restaurant when the casino is offering free meals and drinks to gamblers. By 1996, Atlantic City were devoting 318 million dollars to promotional food and drinks. Also in Atlantic City, over 900 of the 2100 small businesses there closed and the number of local restaurants was reduced from 243 to 146. Richard Byron, President of the Federal Reserve Bank of Boston, describes gambling expenditures as Money Extracted From Other Consumer Spending. When come into a small community such as Atlantic City or Biloxi the people living in that co ... |
| Number of Words: 1220 |
Approximate Pages: 5 |
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