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Foss: Increase In Casino Revenue Comes With Social Costs - Latest News


Foss: Report urges caution on sports gambling

Given the state's seeming addiction to gambling revenue, I was certain one ... and increased prevalence of gambling will impose social costs. "Expanding the opportunities for gambling in New York is l... read more

Economic benefits of casinos likely to outweigh costs

Each time casino legalization or expansion is considered, similar issues come up. Casino proponents argue that casinos will create tax revenues, jobs, and can push average wages higher. Opponents argu... read more

Cook County allows video gambling in unincorporated areas

Gambling revenue from incorporated areas of Cook County is expected to bring in $2.1 million this fiscal year, which is an increase from ... will lead to increased social costs, including addiction an... read more

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The high-low split of gambling cities

Even in Macau, there have been social costs. According to the AP, the country’s income gap has grown, property prices have risen and there’s been an increase in problem ... and that gambling revenue s... read more


Monarch Casino & Resort - Know When To Hold 'Em

Monarch understands that differentiation in the casino industry comes ... in revenue and $11B in profits in 2016 (IBIS World). Over the next 5 years, we anticipate revenue growth to increase steadily ... read more

Letter: Say 'no' to Springfield casino

A casino is different from other businesses because of the social ... costs in the calculation. According to definitive academic studies, the socioeconomic costs of casinos are $3 or more for every $1 ... read more

OFA: MGM casino impact on CT revenues likely to increase

In the spring of 2015, the Massachusetts casino was expected to cost Connecticut $63.5 million in lost tax revenue ... social services, and more tough choices for our state leaders. We need to get thi... read more

Gambling revenues surge in Alberta, while province weighs online casino

“The money from video slots is addictive for governments, but they should also remember the large social cost ... increase its gambling offerings by creating an online casino like those run by eight o... read more

Inequities Loom in School Tax Shift Plan

Revenue garnered from the increase, which comes ... the way gambling money is remitted for homestead exemptions be affected? That remains to be seen. It’s also likely that most Pennsylvania school dis... read more

Groups rev up to fight gambling expansion in Florida

"It comes with a ton of social costs," he said. "You have to regulate it; you've got to increase costs for law enforcement ... that he doesn't want to see the state's budget tied to gambling revenues ... read more

Even more nasty tax surprises are still on the way – including a petrol shocker

At various stages, the anticipated taxes in relation to gambling included: 6% tax on online gambling; 1% tax on casino revenue ... in a 14% increase in the price of fuel to consumers,” the tax special... read more

IGT: The Game Maker To Own

Social gaming refers to the company's DoubleDown social casino-style gaming operation that was acquired in January 2012. DoubleDown generates revenues from the sale of virtual casino chips to players ... read more



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