How Casinos Affect Local Economy
A casino’s promise of increased employment can be a luring one for many local officials. However, the reality may be quite different. Although most casino workers come from outside the area, the tax revenue they generate is a great benefit to local economies. But a new casino may not bring the desired benefits to an area. Before deciding to grant a license to a casino, officials should first determine whether it will impact the unemployment rate in the area.
The answer depends on the type of game you’re looking for. In the case of slots, you may not be able to find a staff devoted to blackjack. But if you’re looking for a high-stakes card game, you’ll probably want a different staff. And if you’re more interested in playing slots, you’ll likely want a different set of staff than you’d find at a high-limit poker room.
In the twenty-first century, casinos are much more selective about who they accept. They tend to focus their investment efforts on high rollers, whose stakes are typically tens of thousands of dollars. High rollers are highly desirable for the casinos, who enjoy lavish personal attention and comps that make them more profitable. The benefits of these high-stakes players include free drinks and cigarettes, and better hotel rooms. These are all important elements of a casino’s success.