Well, you must have heard this before, obsession is harmful. Let the obsession be for a good thing or a bad one when you overdo something you drive yourself to disaster. And so the same philosophy applies to gambling. Gambling has always been a controversial topic in modern society. Very few people think it has good sides to it, while most of us recognize casinos as places where we drain away our money.
There are few people who voice the need to relax the gambling laws while the majority of the population supports more rigid gambling laws to prevent any financial catastrophe. So, is it true that gambling has more negative consequences than its positive effects? Well most of us dwell in myths about gambling and thus we find it difficult to accept it in our society. Well, let us deduce and analyze the following to clear our perception:
Does gambling dwindle with the economy?
We often come across this as the major criticism of gambling. It is because most often we witness, people getting addicted to gambling and get burdened with massive debts. The money stuck in gambling could be used in sufficing the daily essentials of life. There is also a point made by economists that casinos cause destruction to the local economy because they trade in money. It can also be seen in media that the casino business has become saturated which implies it is no more helpful in surging economic growth.
But there are counterpoints to it as well, which says strict gambling rules are restricting casino revenues. Moreover, the player who won at the casino is also obliged to pay taxes to the money they won. So, it is also an unsaid boost to the economy. The casino famous cities such as Las Vegas, Macau, and Ufakick in Thailand open room for employment and tourism.
- Casinos boost the tourism industry
Even if the country does not apply taxes on the player, the country is still benefitted from casinos. There are a number of cities around the globe where the gambling culture and flashy casinos attract tourists all around the world. Casinos boost revenues from the tourism industry greatly. Casinos are not just an abode of gambling but open a tunnel of entertainment for the tourists. While Las Vegas is the casino capital of the world, Thailand too is known as the fun capital. The Ufakick is a casino in Thailand that opens up a whole new world of wonderful and new experiences for expecting tourists.
- Will gambling eventually develop into addiction?
Well, the risk of getting addicted is what causes rigid gambling laws. But restricting the people has never stopped them to succumb to harmful things. If the government applies strict rules, people who are addicts will refuge to illegal gambling. So, developing an addiction is more about an individual’s character than the rules set for the casino industry.
It has always been a controversy if gambling is good or bad and it always will be. Everything posses good and bad sides to it. We need to take in the good thing while leaving out the rest.