Comment 86365

By Borrelli (registered) | Posted February 15, 2013 at 13:57:16

This CBC Hamilton article addresses varying opinions on the economic effects of casinos on established urban areas (at a very high level). I would suggest investigating the work referred to in the article.

In short, a McMaster economist believes:

it could have a negative impact on the larger Hamilton economy. [Prof. Holmes] said that many people who visit casinos are from a lower income bracket, and they wind up spending their disposable income there instead of at local businesses.

While a researcher hired by the gaming industry says:

There really isn’t a cannibalism effect on local businesses...

For me, it just comes down to credibility. One voice is a professional paid by the industry to pump the benefits of casinos, the other is a local academic with no direct interest in the project.

Comment edited by Borrelli on 2013-02-15 13:57:53

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