Casinos and Tourism

Paper Summary:

In this article the writer discusses the positive and negative effects that casino operations have on the tourism industry. The writer maintains that for the most part this is a symbiotic relationship and the one fosters the other in terms of economic activity and growth. The writer also points out that, while casino operations certainly fuel economic growth and expansion, they also are typically accompanied by an increase in crime or criminal activity of some type. The writer concludes that casino operations and tourism go hand in hand because while the family member that is intent on gambling or gaming in the casino is engaged in that activity, the other members of the family are intent on alternate activities. Further, the writer notes that it is these alternate activities that can truly fuel economic growth based on tourism in association with casino operations within a given market.

Outline:
Abstract
Overview
Positive Impacts
Negative Impacts
Conclusions

From the Paper:

"Many countries, regions and municipalities have come to rely on casino operations as a method to improve their local and national economies. Typically the reliance on the casino industry to fuel economic growth is a sound growth strategy since it does result in increased travel and tourism but it is also fraught with a certain degree of peril. Markets that engage the casino industry as a form of economic stimulus must do so with a certain degree of caution as well since along with the gamblers and tourists, criminal activity usually arrives as well in one form or another."

Sample of Sources Used:

• Carney, B. (2005). Online poker: IPOs in the cards? Business Week Online, 02/25.
• Harrah's Entertainment 2004 annual report. (2004). Harrah's Entertainment (online). Retrieved December 2, 2006 from http://investor.harrahs.com/2004Annual/pdfs/ha04_10k.pdf
• Macau. (2006). Background Notes On Countries of The World. Sep, pp.3-4.
• Kolesnikov-Jessop, S. (2006). Rolling the dice. Institutional Investor-International Edition, 31/6, p.45-8.

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