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Casino Gambling as an Economic Development Strategy

Title: Casino Gambling as an Economic Development Strategy
Authors: Terance J. Rephann; Margaret Dalton; Anthony Stair; Andrew Isserman
Contributors: The Pennsylvania State University CiteSeerX Archives
Source: http://www.ac.cc.md.us/~terryr/casino/casinos.pdf.
Publication Year: 1997
Collection: CiteSeerX
Description: Casino gambling has experienced dramatic growth in the USA during the past seven years. Because this growth has occurred recently, there have been few systematic studies of its effects. This paper uses quasi-experimental control group methods to study 68 counties where casinos were opened during the period 1989-93 and three multi-casino counties. Results show that casino gambling is adopted by economically struggling counties and that it can be a successful development strategy. The effects trickle down to other sectors of the economy, including recipients of income maintenance payments. On the downside, local governments and local workers do not appear to reap the lion's share of benefits, as much of the income generated by casinos is dissipated through leakages outside the host county. Finally, some casino types and locations are marginally better than others, but currently these factors are not prominent determinants of casino effects. Acknowledgements: This research was supporte.
Document Type: text
File Description: application/pdf
Language: English
Relation: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.40.2760; http://www.ac.cc.md.us/~terryr/casino/casinos.pdf
Availability: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.40.2760; http://www.ac.cc.md.us/~terryr/casino/casinos.pdf
Rights: Metadata may be used without restrictions as long as the oai identifier remains attached to it.
Accession Number: edsbas.23DC8E6B
Database: BASE