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

Foss: State ill prepared to address problem gambling

During one of our chats, he told me that "It's a concern for us that the state is trying to increase revenue ... gambling, and it has an obligation to do what it can to mitigate the social costs ... read more

Casino Could Bring N.H. More Costs Than Revenue, New Report Finds

“The tax rate set at 30% puts us in a situation where the social costs outweigh or come close to outweighing the revenue ... from an increase in problem and pathological gamblers. Increasing the tax r... 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

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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

The rise of the Philippine casino industry

Gambling tourism is Macau’s biggest source of revenue ... will have its attendant social costs which must be managed carefully. The increase in the number of pathological gamblers is a troubling issue ... 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

Council can unlock revenue source at Hard Rock casino, but it comes with a price

The city-imposed limit on gambling capacity at the site – a maximum of 1,250 slot machines and 21 table games – will almost certainly come up as Hard Rock works ... tables to the revamped casino would ... 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

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

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

Foss: More resources needed for problem gambling

It would help if gambling services were available in every community." The state does plan to allocate more money for problem gambling services in the years to come ... revenues, according to the Asso... read more

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