Gaming entertainment usually refers to gambling. Casino, a place for visitors to place bets, and either win, or lose money. Except for Blackjack, almost all the other games depend on luck. They are usually big in terms of the size of the building and attract white-collar customers mostly.
Economical impact:
1. Multiplier effect:
People who visit casinos, they will not only spending money in the casino, but also to the stores and restaurants surround it. This concept matches with one of the principals of tourism exactly. For example, many casinos also offer accommodation, restaurants, spas and many other facilities for guests. Having Macau as example specifically, restaurants over there are another famous attractions for tourists apart from the gaming entertainment. Residents there have once said that their business survived because of the rise of casinos.
2. Job opportunities
It is not hard to imagine that many people have to be hired in order to run such a large business. Having The Venetian as example, there are more than 3000 hotel rooms, 870 tables for gambling, and more than 3700 slot machines. This creates numerous job opportunities for the local citizens.
3. Increase in government revenue
Gambling is one of the most money-involving industries in the world. According to Bloomberg, tax generated from gambling formed 70% of the Macau government income in 2007. This huge amount of money allows the government to adopt and execute more beneficial policies to the citizen like medical services.
Social Impact:
1. Cultural diversity
Usually if the city is famous for its gambling industry, it would attract people from all over the world to visit. This creates the cultural diversity and makes opportunities for the other cultures to blend into the local culture. And sometimes the government uses this advantage to promote its image to the foreigners.
2. Stability of society
Gambling is always a two-edged sword. On one hand, it offers great revenue to businessman and the government, but it also worsen the stability of the society. It is not hard to find someone who loses all his money and begs to borrow and keep on betting for luck. These people may commit crimes. Also, alcohol appears in every casino in the world, and usually nothing good will be done by someone who is drunk.
Conclusion:
After conducting research about the Gaming Entertainment, it does not only bring benefits, but together with negative impacts to the city. However, it is deeply believe that it would not be given up by the government due to the large amount of profit it provides.
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