Casinos Not A Safe Bet For Economic Development

Experts say that casinos do not provide lasting economic benefits to communities.

1 minute read

October 10, 2001, 10:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"Although many officials have promoted casinos as a means to support lasting economic development, Earl Grinols of the University of Illinois at Urbana-Champaign and David Mustard of the University of Georgia concluded the opposite. They found that the costs outstripped the gains almost twofold?an imbalance that amounts to a national loss of at least $27.5 billion each year."

Thanks to Abhijeet Chavan

FULL STORY: Casinos More Often Lead to Losses than to Economic Development

Wednesday, October 3, 2001 in Scientific American

Community / Economic Development United States

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