Casino Reinvestment and Expansion

The Proper Care & Feeding of the Golden Goose

Under the new paradigm of declining economic conditions across a broad spectrum of consumer spending, casinos face a unique challenge in addressing how they both maintain profitability while also remaining competitive. These factors are further complicated within the commercial gaming sector with increasing tax rates, and within the Indian gaming sector by self imposed contributions to tribal general funds, and/or per capita distributions, in addition to a growing trend in state imposed fees.

Determining how much to “render unto Caesar,” while reserving the requisite funds to maintain market share, grow market penetration and improve profitability, is a daunting task that must be well planned and executed.

It is within this context and the author’s perspective that includes time and grade hands-on experience in the development and management of these types of investments, that this article relates ways in which to plan and prioritize a casino reinvestment strategy.

Cooked Goose

Although it would seem axiomatic not to cook the goose that lays the golden eggs, it is amazing how little thought is oft times given to its on-going proper care and feeding. With the advent of a new casino, developers/tribal councils, investors & financiers are rightfully anxious to reap the rewards and there is a tendency not to allocate a sufficient amount of the profits towards asset maintenance & enhancement. Thereby begging the question of just how much of the profits should be allocated to reinvestment, and towards what goals.

Inasmuch as each project has its own particular set of circumstances, there are no hard and fast rules. For the most part, many of the major commercial casino operators do not distribute net profits as dividends to their stockholders, but rather reinvest them in improvements to their existing venues while also seeking new locations. Some of these programs are also funded through additional debt instruments and/or equity stock offerings. The lowered tax rates on corporate dividends will likely shift the emphasis of these financing methods, while still maintaining the core business prudence of on-going reinvestment.
Profit Allocation

As a group, and prior to the current economic conditions, the publicly held companies had a net profit ratio (earnings before income taxes & depreciation) that averages 25% of income after deduction of the gross revenue taxes and interest payments. On average, almost two thirds of the remaining profits are utilized for reinvestment and asset replacement.

Casino operations in low gross เว็บคาสิโน gaming tax rate jurisdictions are more readily able to reinvest in their properties, thereby further enhancing revenues that will eventually benefit the tax base. New Jersey is a good example, as it mandates certain reinvestment allocations, as a revenue stimulant. Other states, such as Illinois and Indiana with higher effective rates, run the risk of reducing reinvestment that may eventually erode the ability of the casinos to grow market demand penetrations, especially as neighboring states become more competitive. Moreover, effective management can generate higher available profit for reinvestment, stemming from both efficient operations and favorable borrowing & equity offerings.

Online Casinos – Offering Great Deals b

Las Vegas style gaming is currently brought to your home. The product that you download and introduce is practical with sounds and illustrations of genuine gambling club activity. They are anything but difficult to utilize, yet are sheltered and 우리카지노.

A portion of the gambling club destinations offer online club rewards and advancements. These motivations incorporate information exchange rewards, advancements for High Rollers and Referral Bonuses. Referral rewards are given when you allude different players to play at the gambling club site. Information exchange rewards are given to new players when they make their first store. Most online locales coordinate your store sum. There are sure conditions with the measure of play the player is required to do, before they are allowed to utilize the rewards. Be that as it may, the sums required are truly worthy to the measure of play you are wanting to do.

With any of the online gambling club locales, there are a lot of club games from which you can pick. Whatever ability level you are at or whatever game is your inclination; you will appreciate the online gambling club locales. You should simply download and introduce the product, register, make your first store and you are prepared to play. A portion of the games accessible to you are spaces, Roulette, Craps, Keno, Video poker, Baccarat and many table games.

There are some gambling club nuts and bolts for you to know:

Openings – are basic. They require almost no aptitude. You simply put down your wager and turn. Putting down the maximum wager is the best, since it gives you higher chances at winning. There are three reels, five reel, video and dynamic openings.

Blackjack – the object of the game is to have your cards absolute 21 or come as close as could be allowed, without going over. Face cards consider 10 focuses, Aces are 1 or 11 focuses, contingent upon different cards you have and every other card consider face esteem.

Roulette – There will be six players at the table. Every player is given their own shade of chips, so the vendor can distinguish the player by his shading. You place your chips on the table, any place you need to wager. A few models on wagering techniques are; Red/Black numbers, Low/High numbers, Odd/Even or single number determinations.

Video poker – is a round of draw poker, played against the machine. The article is to attempt to assemble the best hand you can with the cards you were managed.

We have recorded a couple of the best US gambling club player locales that acknowledge players from the U.S. The Rushmore Casino is one of the most mainstream. They offer incredible advancements, new player rewards and even opportunities to win get-away bundles. They have generally excellent chances and a detailed payout level of 98.7%. Cirrus gambling club has probably the best and perhaps the biggest choice of spaces. On Mondays, you can win player prizes when you play. Unadulterated Vegas Casino, Cherry Red Casino, Bodog Casino and Rome Casino are a portion of the other online destinations that invite USA players to take an interest.

With regards to finding new gambling club destinations to play at, it very well may be very troublesome. Try not to misunderstand me, there are a lot of new betting destinations springing up wherever particularly thinking about that the online gambling club business is blasting and doesn’t give off an impression of being easing back down – however which locales would you be able to trust? There is an explanation that the greater part of us will in general stick with the locales we as a whole know and love, since they have demonstrated to be forthright and dependable again and again.

The most perfectly awesome approach to see whether a webpage is dependable is by confiding in solid sites that have just done the exploration that I am going to list here for you. In any case, on the off chance that you are feeling bold, these are a couple of techniques to see whether an online club can be trusted or not.

Singapore Property Market

A Look Back at the Singapore Property Market in 2010

As indicated by official URA (Urban Redevelopment Authority) information, costs of private property in Singapore climbed a gigantic 17.6 percent in 2010, outperforming the past high (accomplished in 1996) in the second quarter, and proceeding to drift upward after new launch Singapore. In any case, the value increase of 2.7 percent in Q4 was the littlest in the last six quarters, except for the very good quality extravagance portion that had been failing to meet expectations the general market in the course of the most recent two years. This fragment rose 2.3 percent in the last quarter, contrasted with 1.6 percent in Q3, because of reestablished enthusiasm for top of the line homes. This has pushed extravagance home costs to another record, overwhelming the past top in 2008.

Industry players credit this ascent to the solid Singapore economy and low loan fees, that is again drawing in remote purchasers over into the market after a foreseen drop in costs didn’t appear. The quantity of private units purchased by outsiders expanded 14 percent in 2010, contributed to a limited extent by the more stringent property proprietorship manages in China and Hong Kong that is diverting customers here, who are stopping their cash in Singapore property. In outline, while the couple of rounds of cooling measures by the Singapore government in 2010 seem to have directed cost expands, they don’t seem to have hosed interest for Singapore property. The assessed 16,000 or so new private homes sold a year ago is another record.

Singapore Property Market in 2011

Industry specialists state the viewpoint stays solid during the current year, however generally speaking costs increments may direct to between 3 to 10 percent. In any case, they are progressively hopeful about top of the line homes, saying that this area could ascend by between 5 to 10 percent, because of the expanding against theory gauges in the district, particularly in China, that are redirecting assets here. Territory Chinese structure the quickest developing section of outside purchasers. Costs of mass-advertise homes, then again, would almost certainly increment by under 5 percent.

New Singapore Property to Look Out For in 2010

CBD (Central Business District)

Pay special mind to ventures in Tanjong Pagar and other revival regions under the Singapore masterplan. One such venture coming up is Spottiswoode 18.

Areas 9, 10, 11

Extravagance extends in these locale have consistently been prime top picks among outside purchasers. Another very good quality venture that will dispatch units available to be purchased in 2011 is CapitaLand’s D’Leedon in Farrer Road.

Mass-showcase Projects

In the mass market end, extends because of dispatch mid 2011 will incorporate Waterfront Isle and Canberra Residences, a 5-story moderate size apartment suite in Sembawang, that will address a lack of new private activities in the northern finish of Singapore.

The Singapore property showcase is exceptionally hot at this moment, which has been conceivable to some degree to the 2005 presentation of strata-titled properties that has permitted outsiders to purchase lofts inside structures without requiring endorsement from Singapore specialists. The old principles in regards to the acquisition of condos inside a structure of six stories or all the more never again apply. Because of the standard change, purchasing Singapore property has unquestionably gotten altogether simpler for those buying locally and abroad.

For Employers – Low-Priced Craigslist Job Postings Can Contain a Hidden Cost

The present enlistment advertise is profoundly serious and the employing cycle ought not take into account any dead time between in-house talking with timetables and last choice. Contractual workers ought not leave work searchers balancing more job board five to seven days without a planned follow-up meeting. Else, they chance losing the employment searcher altogether. There should be top-level administration associated with every single key contract. Including top administration causes work searchers to feel that the contract is a significant position, and that they have by and by been chosen as the “up-and-comer of decision” by the big shots. Temporary workers should start getting it done the minute they realize that they need somebody for contract. They ought not ease up until an offer is on the table and acknowledged.

Regular Internet Job Posting Fields and Their Purpose

Occupation Titles

Titles ought to be industry-explicit and natural to work searchers since they will utilize catchphrase scan for positions as indicated by standard employment titles. The Job Title field isn’t the field to advertise the activity posting (like with an arranged promotion). The Job Title field ought to be utilized principally to have the activity posting secured by position searchers. Including proper watchwords, in the suitable spot, is unquestionably more significant than appealing employment titles that never get seen. Be that as it may, it is adequate to include pertinent, word related characterizing descriptors to the fundamental Job Title, (for example, in the vicinity Architectural Project Manager, Conceptual Chief Estimator, Hospital Flooring Project Engineer, and Veteran Concrete Superintendent).

Sets of expectations

Sets of expectations ordinarily center around work obligations, obligations, extension, accomplishments and objectives to be practiced. The more clear the portrayal, the more probable qualified employment searchers will apply. Sets of expectations should concentrate hands on searcher’s needs and not simply the position. Sets of expectations ought to be composed from the activity searcher’s point of view. They ought to likewise respond to the inquiry, “For what reason would work searcher need to go after this position?” Contractors ought to portray the best pieces of the activity, intriguing difficulties, future openings for work, announcing connections, and why the position is accessible. It’s imperative to sell the general profession opportunity while not simply portraying it. On the off chance that a vocation searcher accepts the position, what will their lives resemble? Use word pictures and attempt to impart alluring pictures that the activity searcher can envision, convincing him/her to change occupations. For instance: “work in a dynamic situation where you can adapt more in a half year than you may have over the most recent six years”, or “stroll into your private office and join a group of excited experts who are building the following extraordinary administration firm”.

Chase Betting Systems (Also Known As Dog Chase Betting)

If you are an experienced sports gambler you know the old adage, that if you chase your loses you will lose your shirt and be certain to bust your account. It is time to throw all that non-sense out of the window and learn for the first time, that chasing your loses is the best possible scenario. In order to make money using a chase betting system you need three items at your disposal:

1. A decent bankroll (or account balance)
2. A Plan
3. A strong stomach to carry out the plan

The old adage states that: he who chases his losses will burn through his bankroll. This is true, only if you do not have a true plan, a strong stomach and a decent bankroll. Let me explain. The old adage comes from the gambler who bets $100 on Team 1 to win today. Team 1 loses, thus tomorrow the gambler bets $200 on Team 2 to win (he thinks he can not lose twice in a row and plus Team 2 is a sure thing). Team 2 loses, then on day 3 he bets his remaining bankroll on Team 3, he loses and within three days his bankroll busts. The old adage is true, for this gambler…not for you.

You see a chase system uses simple mathematics to ensure that you do not ever lose money. However, you must make sure you bet the correct amount and you must have the guts to follow through with this program. The system is easy to follow regardless of which sport you bet on and regardless of if you are chasing a specific team or a general sport. In 2007, AFSB completed a study of the chase system in the NHL focusing on the Montreal Canadians. The system worked like this: On day 1, $25.00 was bet on Montreal, if Montreal lost, then the next time that Montreal played $50.00 was bet on Montreal, if Montreal lost again, then in the next game $100.00 was bet on Montreal, if Montreal lost that game then $200.00 was bet on Montreal and so on until Montreal wins or you run out of money. Once Montreal wins then the system resets and the next time Montreal won $25 was bet on Montreal in their next game, if they lost then in the next game $50 was bet on Montreal, however, if they won, then in the next game $25 was bet on Montreal.

안전공원

This simple system made us $1,210.00 in the NBA Playoffs in 2007 (see our Article on Absolutely Free Sports Bets regarding the NBA Dog-Chase System). We again used this system in the 2008 MLB playoffs and picked up a nice $1,373.00.

In the 2010 NCAA Basketball season we are utilizing this system in a more generic manner. We are playing one Dog-Chase and one Favorite-Chase that is not team specific. Click on our Free Picks link to see the details of the 2010 NCAA Basketball Chase System hard at work.

In order to ensure that your account does not bust we recommend that you only bet with 1/4 of the normal amount that you gamble with per game. For example, if you bet $100 per game, then under a chase system you should only bet $25.00 per game. This is why:

The chase system is based upon the premise that you should not be able to incorrectly handicap a game for seven days in a row. If you are betting $100.00 per event in a chase system, and are incorrect 7 times in a row then you will be betting $6,400.00 on the seventh game ($100, $200, $400, $800, $1,600, $3,200, $6,400). To protect yourself you should bet 1/4 of the normal amount, in our examples we assume 1/4 would be $25.00 per event ($25, $50, $100, $200, $400, $800, and $1,600).

Get To Know More About Car Games

Most of the people love driving in the world and try to purchase a car in the life span. But with the development in technology, online car games are developed and can be played by the all game lovers. In street challenger game, you can drive the automobile in a street with filled with other cars and obstacles. You ought to drive carefully in such streets. Each game has different instructions to follow like how to play the game. Read the instructions before playing. From a search option, you can pick any game of your choice to play.Matka result

All the age group of peoples from school children to working persons as well as the senior citizens love to play this online car plays. Racing through the desert gives a different feeling in the game namely Desert Racer. With such games, you can play any game as per your choice and enjoy. In Sim taxi game, you can drive the vehicle around the streets and earn money as fare charge of the needy persons. Some of the car sports are on the run, drag racer V3, street ride etc. On the run game, you can escape from other cars and race you automobile.

After busy work schedules, you can get relaxed through playing car plays of your choice. Some popular driving games are 4 Wheel Madness, rescue the band, pimp my ride etc. You don’t need to put in the program. You can drive the automobile in full speed in the 3D racing game of Burning Rubber 2. Drive the automobile in all over Europe in action driving game. In Gorillaz Final Drive game, you can enjoy driving the car in 3D effect. The street racing game of Brakeless with 3D effect gives a different feeling to the players.

In a car game namely highway crash, as a player you can drive on a highway and try to destroy all target cars. Rumble town racing game is fast and great one will be loved by all players. Other automobile games are Formula 1, automobile can racing, 3D racing, drunk driver etc. In the game speed shot, you can drive the automobile carefully without damaging other things. Keep in mind time is precious and the enjoyable mode of the game makes you to play for longer hours. In another game namely Hornet Evolve V25, you get a chance to test the new products.

In another car game, you can race your automobile down the freeways. 4 Wheel furry 2 is a funny racing game. You can use arrow keys to drive the vehicle. Try to collect more points and beat the computer game to make good position. Another game is Midnight race. As the name specifies, you can drive the car through streets at late hours of night. Another cool game with good graphics is the Rich racer. In power driving game, you can compete the game with other opponents. You can compete with 8 other car races and finally you can be the best driver in Stunt driver game.

การเติบโตของธุรกิจคาสิโนออนไลน์

 

 

เราจะเห็นได้ว่ายุคสมัยนี้ ต่างประเทศได้มีการผลักดันให้คาสิโนให้ถูกกฎหมาย เพราะคาสิโนนั้นเป็นสถานที่ดึงดูดนักท่องเที่ยวได้เป็นจำนวนมาก เพราะหากลองมองในมุมของนักลงทุน คาสิโนถือเป็นอุตสาหกรรมที่สร้างรายได้ทางเศรษฐกิจให้กับประเทศได้อย่างมหาศาล เช่น สร้างอาชีพให้ผู้คนระแวกนั้นมีงานทำ สร้างความเจริญในด้านการท่องเที่ยว อีกทั้งยังสามารถต่อยอดธุรกิจในการการโรงแรม รีสอร์ท ร้านอาหาร รวมถึงแหล่งช้อปปิ้ง เพื่อตอบโจทย์แก่นักพนันได้อย่างครบครัน เพื่อเป็นการกระตุ้นเศรษฐกิจ สร้างรายได้ให้กับเมืองนั้นๆจึงทำให้คาสิโนนั้นเป็นธุรกิจที่ก้าวกระโดดไปไกลด้วยเงินสะพัดมหาศาลนั่นเอง

ซึ่งจะเห็นได้ว่าในสมัยก่อนการเล่นคาสิโนนั้นมีเพียงช่องทางเดียว คือ การเดินทางไปยังสถานที่เล่นนั้น เพราะการเล่นคาสิโนในประเทศไทยยังไม่เป็นที่ยอมรับและผิดกฎหมาย และถ้าหากจะเล่นแบบถูกกฎหมายก็ต้องเดินทางไปเล่นในประเทศที่เข้าเปิดบริการคาสิโนอย่างถูกกฎหมาย เช่น ปอยเปต มาเก๋า ลาสเวกัส อินโดนีเซีย เป็นต้น และด้วยความเติบโตของธุรกิจของคาสิโนทำให้หลายๆประเทศทั่วโลกต่างหันมาให้ความสนใจกับธุรกิจคาสิโนมากขึ้น ไม่เว้นแม้แต่ประเทศไทยเองก็ได้ให้ความสนใจไม่ต่างกัน

โดยสาเหตุหลักของการเปลี่ยนแปลงจากคาสิโน สู่คาสิโนออนไลน์เพราะว่าในปัจจุบันเทคโนโลยีเข้ามาแทนที่ วงการคาสิโนเองก็ปรับตัวกลายเป็น คาสิโนออนไลน์ เพื่อเพิ่มช่องทางที่เข้าถึงได้ง่าย และด้วยเหตุนี้จึงทำให้คาสิโนเองยิ่งมีการเติบโตแบบก้าวกระโดดและขยายตัวในวงกว้างมาก จนในที่สุดธุรกิจคาสิโนออนไลน์ก็ได้กลายเป็นธุรกิจขนาดใหญ่ที่ทำกำไรมหาศาล และไม่ควรมองข้ามเนื่องจากการเติบโตของธุรกิจคาสิโนออนไลน์นี้จึงดึงดูด ผู้ประกอบการให้เข้ามาลงทุนในจำนวนมาก ด้วยสาเหตุหลักๆที่ทำให้เกิดคาสิโนออนไลน์คือ ในบางประเทศเรื่องการพนันยังคงเป็นเรื่องที่ผิดกฎหมาย แต่เนื่องจากความก้าวหน้าของเทคโนโลยีอินเทอร์เน็ตทำให้ผู้คนสามารถเล่นเกมพนันผ่านช่องทางออนไลน์ได้สะดวกขึ้น ไม่ว่าจะเป็น บาคาร่าออนไลน์,สล็อตออนไลน์,ไพ่เสือมังกรออนไลน์ และเกมพนันอื่นๆ โดยไม่ต้องเดินทางไปเล่นที่บ่อนคาสิโนจริงๆ เพราะว่าไม่ว่าจะอยู่มุนไหนของโลกก็สามารถเล่นได้อย่างสะดวกเพิ่มความสะดวกสบาย ขอเพียงคุณมีอุปกรณ์ที่สามารถเชื่อมต่ออินเตอร์เน็ตได้ ไม่จะเป็น เครื่องคอมพิวเตอร์ โน๊ตบุ๊ค หรือสมาร์ทโฟนรุ่นต่างๆ คุณสามารถเข้าเล่นเกมคาสิโนออนไลน์ได้ทันที ทุกที่ ทุกเวลามีความเป็นส่วนตัว นักพนันหลายคนชื่นชอบการเล่นเดิมพันแบบเป็นส่วนตัว นอกจากเเรื่องของสมาธิมีผลอย่างมากต่อการวางเดิมพัน ก็ยังมีเรื่องของความเป็นส่วนตัวหรือ Privacy อีกหากคุณต้องการความเป็นส่วนตัว คาสิโนออนไลน์คือคำตอบที่ดีที่สุดแน่นอน แถมยังมีโบนัสให้ตลอดอีกด้วย การพัฒนาคาสิโนสู่คาสิโนออนไลน์ แต่ถึงแม้ประเทศไทยของเราจะยังไม่มีคาสิโนที่ถูกกฎหมายก็ไม่เป็นไรค่ะ เพราะทุกสามารถเล่นคาสิโนออนไลน์ Pussy888บนโทรศัพท์มือถือได้อย่างสะดวก โดยไม่ต้องเดินทางไปถึงคาสิโนต่างประเทศ

My Latest Experience Renting ACar

 

Yesterday I needed to rent an automobile. Since they’re near where I reside, I rent a vehicle from rent a car muscat. I’ve rented from them because the sales people make you feel welcome and are quite considerate. They bring you home and will pick up you, and that’s a feature that is wonderful.

Every time I rent a vehicle from Enterprise I’ve been upgraded to a nicer version free of cost. It was $5.00 to have the update to get a 2007 Dodge Caliber versus driving a Chevrolet Cobalt. I wondered whether that was a plan because the Caliber was in. I enjoyed how the minute I watched it was appeared by the Caliber, and the way that it was silent to ride impressed me.

It was so amusing that when we had been picked up that the Caliber was fairly sloppy. It seemed like children had plenty of fun with corn nuts and potato chips at the rear seat. When the leasing broker asked me if I’d like to lease the Caliber for $5.00 longer and he’d go up it for me, I offered to push it cluttered and when he’d knock off the fee. So I agreed to cover the charge because the Dodge Caliber impressed me he was a negotiator.

I set that tiny car through a fantastic trial run. It ended up being a good deal more time than a test drive in a dealership would have given me driving. I will be purchasing a car but have not looked yet, so it was fascinating to have the ability to lease a car that I’m now considering buying. I want to get more outside.

My automobile rental experience was wonderful. I returned in the afternoon, plus they told me that I could keep it. This was funny. They believed something was wrong As soon as I showed up. Everybody at Enterprise Car Rentals was pleasant to us that we believed that we were more. I’ve booked a vehicle for next week and also the weekend prices are unbelievable.

Tour Guide and Escort Jobs and Descriptions

Jobs involving a tour guide and escort are usually jobs whose main responsibility is to escort people whether individually or by groups in a tour in various places such as establishments, tourist spots, or even galleries or museums. These kinds of jobs usually have a variety of descriptions depending on the kind of tour which is in need of a tour guide. Most of the time, the tours which need guides are those which are academically related where the students are on an educational trip; others are tourists on vacations while sometimes tour guides work on cruise ships abroad to escort foreigners on their trip. A usual part of the job description for this particular job is being responsible for the safety and behavior of the people in their tour.

tampa escorts

It is also a usual prerequisite for guides today to be trained when it comes to first aid and safety procedures thus a usual job description calls for people with the knowledge on these matters. As mentioned, the job description will depend on the kind of tour which needs a guide and another requirement for such tours is having the knowledge about the tour or the site so that whenever people have questions, he will be able to answer them. It is also important for the guide to know some foreign languages which will help him converse with his clients especially if the tourists are actually foreigners. The tourist guide’s job starts with greeting the group of people and telling them the details of the schedule for the day. It is also the guide’s responsibility to ensure that they are on time to be able to cover all the activities that are set for that particular day.

There are many other requirements for this particular job but if you are someone who love to travel, then this is the right job for you. With a few training and some research, one can easily match a tour guide and escort job description.

Economic Effect of Gambling in the US

Gambling is one of the American people’s favorite hobbies, and the topic has amazed me since I read the book Bringing Down the House in 5th grade. On a recent college visit to California, I was surprised to learn that one course available for completing the math requirement was called “The Probability of Gambling”, and was a study of the probability behind various card games, including Texas Hold ’em and blackjack. Gambling is also a popular venue in the media, as can be seen in popular movies such as 21 and Casino Royal. When I was younger, the concept of earning money while playing a game that I enjoyed fascinated me, but as I grew older, I realized the naivety of those beliefs. Casinos wouldn’t offer gambling if patrons were consistently putting the casinos in debt. Now, I am more interested in the effect gambling has had on society, specifically on its economic impacts. I believe that gambling has been beneficial for the US economy in the past and will continue to benefit the economy for years to come, but the stress gambling puts on society has greatly increased problems in communities with high profile gambling industries.matka 

Gambling in the Americas began when the first colonists came from England, and the Virginia Company needed a way to get some profit. They turned to a lottery, which was quite successful, except it was associated with settler’s laziness as well as the economic troubles faced by the colony. The Crown eventually shut down the lottery due to its impact on a royal lottery operated throughout the British Empire. Lotteries were used again by American colonists in an attempt to raise funds for the Revolutionary War without raising taxes. This was extremely successful, and the practice was continued into the 19th century in order to transportation improvements, especially as the Western frontier continued to gain attention and popularity. When gold was discovered in California, gambling became one of the most popular forms of entertainment for miners in the West. However, the economy slid into a recession after the gold rush, leading many people to associate gambling with economic depression. Lotteries were also becoming increasingly corrupt, with organizers fixing the results for a portion of the pot. These circumstances led to nationwide ban on gambling, with the exception being Nevada, where professional gamblers would flock to from across the country to create the foundation for modern day Las Vegas.

The ban on gambling didn’t last long, as the Great Depression forced government leaders to revoke the ban in an attempt to stimulate the faltering economy. Gambling once again grew in popularity, although it only increased the divide between the rich and the poor due to the uneven payoff associated with casino gambling. State lotteries became popular during the Cold War, especially when Reagan became president, because he cut national funding for key aspects of the country such as education and Medicare in order to fund the war against the USSR. Tribal gambling also began to grow in popularity during this time, due to state’s inability to regulate prize money on reservations. Instead of going to state run lotteries or gambling locations, locals and tourists alike would flock to the reservations in the hopes of winning it all, although this rarely ever occurred. These various aspects of gambling have steadily become more popular, with casinos and lotteries providing support for various state economies.

Gambling provides two main benefits to states: casinos bring in tourists while also paying tax to the state for gambling revenues. An influx of tourists means money flows into the state economy without any significant loss of money due to the low odds of winning at casinos. The state gets even more money from gambling because casinos are forced to pay a tax on all revenue earned, with tax revenue almost reaching $1 billion dollars in Nevada. The gambling industry has also created more than 500,000 jobs, lowering unemployment throughout the nation. However, gambling isn’t perfect, and there are other statistics that paint a much more worrisome picture about the industry.

Crime seems to be strongly correlated to gambling, with cities introducing casinos seeing an increase of over 50% in crime rates. This forces states to spend more on the police force, diverting funding away from other projects in an attempt to combat a problem caused by gambling. Organized crime is also a very common issue due to the large amount of cash flowing in and out of casinos each day. Problem gambling also becomes a much larger issue when casinos are present, which in turn leads to a higher crime rate when people need to pay off gambling debt. There are some detrimental aspects of gambling in society, but for the most part, the gambling industry has helped keep the American economy from slumping.

After reviewing the various statistics from my research, I believe that gambling has been beneficial for America. Whenever the country has faced economic hardship, gambling has been promoted or legalized to bolster a weak economy. Not only does it have a positive influence on the economy, but I believe that gambling also benefits the American people. Card games such as poker and blackjack are universal and can help bring people together in social environments. In a few short months, I will be able to legally experience the large attraction gambling has to a large number of Americans. Although there are some harmful side effects of gambling, these are outweighed by the benefit that the industry has displayed throughout history.