The casino industry contributed US$261 billion to the United States economy last year according to a study commissioned by the American Gaming Association (AGA). The AGA, which brings together casino operators in the United States, issued a written statement on Tuesday saying the sum contributed to the U.S. economy last year was 9.5 percent greater than three years earlier.
The report says the gaming industry supported nearly 1.8 million jobs in the U.S. last year, up from about 1.7 million jobs in 2014, and contributed about US$40.8 billion in tax.
The report on the study, carried out by Oxford Economics Ltd, is the first comprehensive account of the positive effects of the gaming industry on the U.S. economy since 2014, AGA said.
“Gaming companies across the country are enabling long-lasting careers for their employees and making a huge impact on their communities through innovative partnerships with local non-profits, volunteerism and the generation of revenue that supports critical services,” said the AGA’s public affairs senior vice-president Sara Slane.
“Since our last study in 2014, casino gaming has expanded into new markets, offered innovative new entertainment options and enhanced its position as a key contributor to local, state and federal economies,” she added.
Sep 19, 2018Nowadays, millennials, people who were born in the 1980s or...
Aug 16, 2018Food and drink have been heavily marketed as part of Macau...
Jun 27, 2018Macau’s gaming law needs to be amended in order to...
Oct 23, 2018Visitor arrivals to Macau totalled over 2.56 million in September, up by 3.0 percent year-on-year, the latest data from the city’s Statistics and Census Service showed. The September visitor tally...
Oct 23, 2018
Oct 23, 2018
”We need to have stability – especially in terms of legislation, so that it doesn’t change very often. We have several discussions with the authorities and they understand that stability is a must for the development of this industry”
COO for Russian operations at casino investor Summit Ascent