|
before the leave the community. Likewise a
dollar leaving the community also represents a
double circulating dollar.
My analysis of these casino projects confirms
my earlier assertion that each project is
different. Some casinos are good for regional
economies, some are not good. In the future,
Wisconsin policy makers should make detailed
studies of the potential revenues and
expenditures
of every project, and utilize the information
in making decisions about the facility —
whether to allow it, to refuse to allow it, or
to
require the project to make modifications.
The major factors leading to regional positive
and negative impacts are marketing to
local or out-of-region customers
and distributions
of profits to absentee
tribes. An important factor
in the formula is a
hotel facility. If the casino
can attract visitors who
will stay overnight in the
community housing the
casino, the benefits of a
casino are much more
obvious. Also, if the player
base is from outside
the region, the social costs
can be minimized.
Back to casino
news
|
