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Research Note: The Economic Impact of Opening a Gaming Venue in Australia

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  • Timothy Jeonglyeol Lee

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.

Suggested Citation

  • Timothy Jeonglyeol Lee, 2011. "Research Note: The Economic Impact of Opening a Gaming Venue in Australia," Tourism Economics, , vol. 17(2), pages 457-464, April.
    • Handle: RePEc:sae:toueco:v:17:y:2011:i:2:p:457-464
    DOI: 10.5367/te.2011.0043
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    References listed on IDEAS

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    1. Douglas M. Walker & John D. Jackson, 2007. "Do Casinos Cause Economic Growth?," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(3), pages 593-607, July.
    2. Douglas M. Walker & John D. Jackson, 2008. "Do U.S. Gambling Industries Cannibalize Each Other?," Public Finance Review, , vol. 36(3), pages 308-333, May.
    3. Douglas M. Walker, 2007. "The Economics of Casino Gambling," Springer Books, Springer, number 978-3-540-35104-7, June.
    4. Terance J. Rephann & Margaret Dalton & Anthony Stair & Andrew Isserman, 1997. "Casino Gambling as an Economic Development Strategy," Tourism Economics, , vol. 3(2), pages 161-183, June.
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    Cited by:

    1. Boto-García, David & Pérez, Leví, 2023. "Tourism seasonality and gambling: The role of a new casino's opening," Annals of Tourism Research, Elsevier, vol. 99(C).

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