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Casinos
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have become a form of entertainment for millions of Americans. In fact, Las Vegas, considered to be the home of casino gambling, is third only to Disneyworld and New York for tourism with 260 million visitors yearly. While it is true that generate billions of dollars in revenues hardly any of that makes it back to the local economy as .... Middle of paper .... closed and the number of local restaurants was reduced from 243 to 146. Richard Byron, President of the Federal Reserve Bank of Boston, describes gambling expenditures as Money Extracted From Other Consumer Spending. When come into a small community such as Atlantic City or Biloxi the people living in that community start to go there for entertainment instead of movie theaters, restaurants and other places they used to go to before. In 1994 ....
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Number of words: 1220 Number of pages: 5 (approx. 250 words per double-spaced page)
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