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

Foss: Increase in casino revenue comes with social costs

Rivers Casino & Resort has quietly turned a corner, defying, I must admit, my cynical expectations for Schenectady's gaming facility on the Mohawk. The casino is generating a lot more revenue than it ... 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 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

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

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

Would a Chicago Casino Cause Crime?

According to a paper by former UIUC prof Earl Grinols, the odds are good that a casino would lead to an increase ... social ills cost $75 per adult, further estimating that a casino would have to be t... 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

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

Say no to casinos in Virginia

Worse, predictions of local and state governments reaping gambling-related revenue ignores clear evidence that the costs — economic and social — would effectively ... Its authors noted that casinos mi... 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

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