Deadwood a model for other towns
Posted by Carl Barnett on 06 Jan 2010 at 15:01
A town in the US is being held up as a model of how casino development can benefit local economies.
There has been a steady rise in the number of casinos being built in the United States in recent years as states have recognised the financial incentives that can be derived from building casinos in their towns and cities.
This has created tax incentives as well as general financial growth in adjoining areas.
One such example of a success story can be found in the small town of Deadwood, in South Dakota.
This town permitted the building of casinos in 1989, reports Casino Gambling Web.
Since that year, Deadwood has benefited from millions of dollars of income from the casinos, this extra funding directly improving the real estate market in the town.
Currently, Deadwood houses over 20 casinos, with the knock-on effect of raised employment levels meaning that over 2,000 people have found work within the industry. Deadwood's success is, arguably, a model for other states in America.
Since the nineties, more and more states are widening their options when it comes to casino development, and benefitting from the increased revenue.
Many US states are now finding that casino income is much needed, especially in this time of recession.
As a result more pressure may be brought to bear to legalise online casino play in the US to create a national equivalent.