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Casinos: A Win-Win for Local Economies and Entertainment

April 19, 2024

Casino tourism is one of the most noticeable expanding sectors in the global economy. This style of entertainment plays an important role in enhancing local and national economies. Increased entertainment tourism can bring positive economic outcomes with employment opportunities, which has knock-on financial effects on communities.

The entertainment and travel and tourism sectors are essential economic activities the world over. In many countries, tourism remains an important source of generational employment and income in the sector’s formal and informal parts.

In developing countries or undeveloped areas in larger nations, the revenue brought by entertainment travel is often the main source and foundation for economic development and growth. Tourism revenue generally complements the exchange derived from the trade of goods and services. It’s also true that the sector finances imports and the development of an economy’s industrial sector, along with education and career advancement. 

Economic expansion related to casino tourism can influence business travel, all of which can lead to a rise in the growth of the local economy. Since the first casinos were built in the 1960s, the tourism sector has been considered an effective developmental growth indicator and many communities and even countries have deliberately encouraged the entertainment tourism sector to improve economic development. 

Many towns and cities worldwide have been built on the back of entertainment, and the spin-off or trickle-down effect is massive. Las Vegas and Macau in China are successful examples of places that have produced new communities specifically built to service the towns.

At a much more grassroots level, entertainment tourism brings life to smaller, less populated places such as Blackpool and Gateshead. Urban casinos can change a neighbourhood, and urban settings can change the industry, leading to a better standard of living for all involved. 

In America, the Supreme Court has accelerated the industry’s expansion by legalising urban casinos. Over the next few years, there will be more venues all over New York, Philadelphia, and Baltimore, promoting opportunities in all areas of hospitality. The increase in interest in entertainment tourism will inevitably filter over from across the pond.

New Style Hospitality

To reflect change, architects with casino design experience have made a point of staying away from the old style of design that has few windows, no clocks or signage, and is designed purely to maximise time spent at the tables. Nowadays, new casinos employ the playground model or integrated resorts that are conducive to destinations or longer stays by a broader population. 

Casinos now offer more choices in entertainment, including distinct pathways that allow younger people and nongamblers access that bypasses the casino floor, towards amenities including hotel bedrooms, restaurants, live performances, and sport or music-oriented attractions. Just like a city, an integrated resort offers casino facilities that are almost secondary to retail, cinema, and seasonal attractions. With new design comes the opportunity for employment and community growth.

Revenue Supports Local Tax Programs 

Much like the contribution Twickenham Rugby Ground pays to the local community on rugby days (increased security and traffic management programs), or Chelsea Football Club pays to the local authority, communities with casinos benefit from better services, often funding access roads, street lights, and emergency services.

For those who might prefer online gaming, the new type of integrated resort-style venues re-frame to offer positive attractions, diverse experiences and operational features. These can deter negative elements that might be attracted to these and similar venues like shopping malls. Well-lit and attractive streets and roads, safe open spaces with video screening, and satellite and security stations, for example.

Hospitality like this is a blend of entertainment interlaced into the casino environment and creates an inclusive feel rather than just gaming for gaming’s sake, which, in turn, offers more work and opportunities to the neighbourhood.

Modern Casinos are Green 

Modern casinos that adopt the integrated resort ethos are making cities more sustainable, greener, and more resilient. Modern gaming architecture has evolved, and communities benefit through gardens and regeneration themes related to the place they are built in, restoring pride in a neglected community.

The regeneration efforts involve promoting the wealth of these businesses into a solution rather than a problem by directing revenue to housing, infrastructure, transport and social services, not just from players to casino owners. The new way of thinking can bat off economic downturns and satiate a hunger for social contact, bringing a new meaning to the 24-hour city.

New Jobs and New Careers

If you think about entertainment tourism in terms of boots on the ground or bums on seats, then casinos bring employment to an area. With more employment comes money, and this revenue trickles down to all levels of society in the form of wider economic prospects. 

Wealthier economies provide their nationals with a higher quality of life. The primary focus of entertainment tourism development is the economic payback, and whenever economic resources trickle down, the tourism multiplier is a growth mechanism.

According to the World Tourism Organisation, entertainment tourism is the activity of travelling for the purpose of leisure outside the daily environs. It also says that in order for tourism to be sustainable the society it serves must gain significantly from it. The money brought into the area allows communities to protect and maintain the tourist areas and therefore the economy becomes circular. Moreover, the total economic impact of tourism is healthier for the population concerned when the tourism sector acquires local domestic services and goods.

What The Trickle-Down Effect Means In Real Life

Trickle-down economics describes the belief that if high-income earners and business owners gain an increase in salary or revenue, then in theory, everyone in the local economy will benefit as their increased income and wealth filter down through to everyone. It’s a chain reaction that can only benefit communities. 

For example, the casino employs a doorman, the doorman buys a new shirt and shoes, and the business making new apparel must employ more people to make uniforms for the casino. The doorman buys lunch, and the cafe employs more people to serve. The cafe owners buy produce from local farmers and so on. A circular economy with a trickle-down effect that benefits those who might otherwise find employment a problem.