Australian casinos, both online and land-based, are booming and along the positives included in a recent report in support of gambling by the Australian Casino Association is a list of 9 reasons why the business is doing so well and why gambling in Australia has been approved and what exactly Australian casinos are contributing to Australia as a country.
For one, Australian casinos make a significant export contribution to the Australian economy increasing, for instance, the gross domestic product by $84 million in 2007/08 from international tourists playing at Australian land-based casinos to maintaining that this export will raise Australian private consumption by $1.8 billion over a 10 year period.
Secondly, the Australian casino industry has improved Australia’s welfare as measured by social surplus of $3 billion, the main beneficiaries being casino patrons. A third reason for supporting Australian gambling casinos is the factor they play in supporting the tourism infrastructure of Australia.
Fourthly, Australian casinos have been an important catalyst for development of urban regeneration in many cities.
Then there is the premise that over the next 3 years, Australia’s casinos are planning a number of major capital works projects valued at just under $1.6 billion in which the casinos will contribute considerably to Australia’s construction industry in the fifth explanation of how Australian casinos have contributed to the Australian way of life.
Adding to those construction jobs are many other forms of employment as well related to casinos in Australia either virtual or on land.
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