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Gaming Impact Study - Essay Example

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A visit to a casino may start as a fun activity or a challenge for most people. It is a time to try their luck, have a good time and enjoy the excitement of the casino, the fine restaurants, the shows and the other conveniences found in casino hotels.
However, as with any other form of entertainment, it can get addictive after a while…
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Download file to see previous pages New Jersey is one of the states, which provides funding for education and treatment programs for people with a gambling problem.
Due to the efforts of the New Jersey Casino Control Commission, the activity has been kept under manageable limits. One of the commendable efforts of the Control Commission has been to impose a partial ban on smoking in the casinos. In New Jersey, the tax is 9.25 percent on gross gaming revenue, which the state uses to benefit senior citizens and people with disabilities.
There are reports that New Jersey casino revenues fell by 10 pct. in January 2008 as compared to January 2007. The 11 casinos in Atlantic City reported a 10 percent decrease in total revenue in January 2008, with every gambling hall, even the formidable Borgata, showed a decline. Revenues declined across the board, whether it was slot games or table games. The casinos reported decreases that ranged from 21 percent at the Tropicana and Trump Marina, to 0.8 percent at Trump Plazai.
Another factor contributing to the decline in revenues could be the competition offered from casinos recently opened in Pennsylvania . The impact of Pennsylvania slots on Atlantic City has been dramatic. Last year's total revenue for the 11 casinos was down by almost 10 percent as compared to the previous year.
A major part (almost one-third) of the casinos' revenues is cont ...Download file to see next pagesRead More
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