Author： Lee Timothy Jeonglyeol
Publisher： IP Publishing Ltd
ISSN： 1354-8166
Source： Tourism Economics, Vol.17, Iss.2, 2011-04, pp. : 457-464
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Abstract
Research shows that opening a large gaming venue has economic impacts. This paper evaluates these impacts from the perspectives of the government, industry and the community. Though the effects are interrelated, the direct impact for each of these stakeholders is unique. For the government, direct taxation, tourism and investment are discussed, with a focus on the immediate effect on infrastructure. For industry, revenue generation, the multiplier effect, leakage, cannibalization and the trend of strategic cross-industry alliance are examined. For the community, average household disposable income, employment rate, direct competition, land speculation and the impact on standard of living are analysed.
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