Casinos Impacts Australia Essay -- Business, Tourist Destination

In the 1970s to 1990s, the number of casinos in Australia has been increasing which has helped the Australian economy. This is because the casino industry is one of the industries that are highly taxed as well as a popular tourist destination in Australia. The casino industry can increase the employment rate when it requires additional infrastructure and public services. Casinos have a positive economic contribution as it attracts a large number of tourists to travel to Australia for the purpose of gambling. On the other hand, casinos do have negative social impacts as studies have shown the casino industry can cause a variety of problems such as health and family problems. Australia has restricted the number of casinos to be developed as studies have shown that as gambling becomes convenient, there will be an increase in incidence rates of problem and compulsive gambling. According to the National Opinion Research Centre, $5 billion per a year would be spent on problem and compulsiv e gamblers. As a result, this essay will be using various articles, reports and websites to critically analyse the positive economic contributions as well as the negative social and economic impacts of the having the casino industry in Australia. Casinos are seen as a potential tourist destination in Australia. Tourists are willing to travel to other destinations to gamble since gambling is seen as a novelist entertainment when compared with other entertainment such as cinema and sports (Novak & Allsop 2009). Statistics in 2006 to 2008 showed an increase of tourists who has travelled to Australia for the purpose of gambling. An increase in tourists travelling to Australia would benefit the Australian economy as it will generate more revenue. According... ... the purpose of gambling have increased because people considered gambling as a novelist entertainment when compared with other entertainment. The increase of tourists in Australia has helped the economy because of the revenue it generates from the tourists. However, casinos do have negative social and economic impacts in Australia. Compulsive gamblers and those who are affected by compulsive gamblers would suffer similar serious consequences as result of the casino industry. The increased in the number of casinos is the cause of gambling problems as it has made it more convenient for people to gamble. Casinos can cause significant depression, anxiety, suicide ideation and other problems. Approximately $48 million to $150 million was the social costs for problem gamblers. Therefore, casinos can be seen as either having a positive or a negative impact in Australia.