Las Vegas Effect - Essay Example

Las Vegas is known for its casinos, neon lights and the site for emergency weddings. A place where gambling is the main attraction, there’s nothing like giving in to the Las Vegas Effect. That’s like feeling you’ve won or you’ll win in gambling.
In a report in Las Vegas Review-Journal, Lacayo (2005) expounds on the effect of Las Vegas casinos are hurting the economies of other communities by luring gamblers who would be better off spending their money at home, a longtime gaming critic told a House panel on Wednesday. John Kindt, a commerce and legal policy professor at the University of Illinois, called for a moratorium on building new casinos. He delivered his testimony hours before the opening of the 2,716-room Wynn Las Vegas. Kindt commented that dollars just leave the consumer economy and go into slot machines. Furthermore, he exposed that Southern Nevada has a fast- growing economy in part because Southern Californians are gambling their money away in Las Vegas instead of purchasing a new refrigerator at home, "It's just moving dollars around. Las Vegas has bad socioeconomic effects on Southern California," he said.
Truly, the landmark industry in Las Vegas is casino gambling, which its representatives would like you to call the Gaming Industry. For most people this denotes a four-mile stretch of Las Vegas Boulevard South called the Strip, which occasionally spills over onto side and parallel streets, from Sahara Avenue at the north end to just past Hacienda Avenue at the south, where it bumps into McCarran Airport. The Industry also implies Downtown, a couple of miles north of the Strip, which was once a genuine downtown, the historic birthplace and commercial center of the city. Read More