The gambling scene in America is displaying fierce competition. Several states are looking upon casino projects as their “messiah” to make their fortunes in troubled economic times.
The state senate panel of Florida has approved a bill this month to build three casinos, one maybe in Miami.
In New York, thanks to Governor Andrew Cuomo, the proposal for expanding casinos at the Aqueduct Racetrack located in the borough of Queens has sent ripples of joy among racers and gamblers. Also, a constitutional amendment to legalize gambling in the state is in the pipeline.
In Illinois, lawmakers have proposed a casino in Chicago.
Massachusetts has a new law that allows a maximum of three resort-style casinos and one slots parlor. Boston may have one as well.
The Debate to Legalize Gambling Continues
America is reeling under the heated debate of casino legalization. The argument rests on the ability of casinos to create new jobs as well as tax revenues. Though some gambling analysts don’t find any long-term financial stability from the casino and gambling industry, states still want to dig their heels into the “murk” of gambling to change the economy scene.
For the players who have won huge fortunes through gambling, “murk” might not be an appropriate word to describe the casino and gambling industry. It may be true that gambling gives players an addiction, yet it’s not a murky deal. For many, it is light at the end of the tunnel.
Will Las Vegas Lose Its Casino Dominance?
Hollywood flicks like What Happens in Vegas and The Hangover add to the justification of legalizing the casino and gambling industry. The irony is this: Both the movies are based on casino life of the City of Sin—Las Vegas. Yet, with a series of proposals doing the rounds across America, Las Vegas may have to gear up to keep pace with the fast-brewing competition from other states.
Recent reports suggest fluctuating business revenues generated from about 41 casinos along the Las Vegas Strip. But, they were able to redeem that spark within 12 months.
Several industry experts and analysts are of the view that mushrooming casinos across America may not hurt Las Vegas’s gambling future as feared. For example, states like Pennsylvania and Connecticut getting casinos may impact neighboring states like Atlanta but not touch Las Vegas.
With a series of astounding changes in the scenario of gambling in America, Las Vegas might have to work harder to maintain its casino sheen, yet it may take a long time before other states take the plunge into gambling and overshadow the City of Sin.
According to industry experts, feats like building the biggest convention center in the country at a race track might attract more tourists to New York. Yet, the biggest threat to Las Vegas comes not from the changing gambling scenario of America but from Hollywood making lesser movies about the glamor and night life of this city.
It’s important to maintain the “hangover” of gambling in the audience’s heads and continue to update them with “what happens in Vegas!”