Gambling Legalization
Gerika Arthur
Professor McPhee
English 300-01
March 14, 2011
Gambling legalization for a promising future Gambling is the act of playing for stakes in the hope of winning (including the payment of a price for a chance to win a prize). (Oxford dictionary) Many have their own opinions about gambling and at this time gambling is not legally practiced here in The Bahamas. “Such a move would bring an end to an illicit industry that makes tens of millions of dollars a year and which employs hundreds; but which contributes little to the general good of the Bahamian people.” (The Bahama Journal 2008). There are many aspects of gambling that can indeed be looked upon positively. “Gambling comes in many forms, including betting in casinos, racetracks, sporting events, lotteries, bingo games and even virtual gambling on the Internet” (Oddo 2007) Gambling should indeed be legalized, because it will help our economy and society in many ways. If gambling is practiced it’ll give persons with idle time on their hands, something to do and it can also boost our tourism industry. The legalization of gambling here in The Bahamas will lead to an increase in the Bahamas’ Gross domestic Product (GDP), an increase in employment, and finally it can contribute to our entertainment industry.
The legalization of gambling would be of grave benefit for our Government as it relates to the Gross Domestic Product In an article titled ‘Legalizing gambling in The Bahamas’ written by Craig Butler his argument for gambling was that the Prime Minister Rt. Honorable Hubert Ingraham should enforce gambling and put an independent company of auditors to oversee this new development. “If gambling is to be legalized then he must cause the infrastructure to be put in place that will avoid the inevitable attempts at tampering and manipulation by ingenious persons.” (Butler 2008). Once this takes place the Government will be able to implement a taxing system with our own internal revenue service (IRS)
Professor McPhee
English 300-01
March 14, 2011
Gambling legalization for a promising future Gambling is the act of playing for stakes in the hope of winning (including the payment of a price for a chance to win a prize). (Oxford dictionary) Many have their own opinions about gambling and at this time gambling is not legally practiced here in The Bahamas. “Such a move would bring an end to an illicit industry that makes tens of millions of dollars a year and which employs hundreds; but which contributes little to the general good of the Bahamian people.” (The Bahama Journal 2008). There are many aspects of gambling that can indeed be looked upon positively. “Gambling comes in many forms, including betting in casinos, racetracks, sporting events, lotteries, bingo games and even virtual gambling on the Internet” (Oddo 2007) Gambling should indeed be legalized, because it will help our economy and society in many ways. If gambling is practiced it’ll give persons with idle time on their hands, something to do and it can also boost our tourism industry. The legalization of gambling here in The Bahamas will lead to an increase in the Bahamas’ Gross domestic Product (GDP), an increase in employment, and finally it can contribute to our entertainment industry.
The legalization of gambling would be of grave benefit for our Government as it relates to the Gross Domestic Product In an article titled ‘Legalizing gambling in The Bahamas’ written by Craig Butler his argument for gambling was that the Prime Minister Rt. Honorable Hubert Ingraham should enforce gambling and put an independent company of auditors to oversee this new development. “If gambling is to be legalized then he must cause the infrastructure to be put in place that will avoid the inevitable attempts at tampering and manipulation by ingenious persons.” (Butler 2008). Once this takes place the Government will be able to implement a taxing system with our own internal revenue service (IRS)
Cited: Gambling: http://wordnetweb.princeton.edu/perl/webwn?s=gambling Gambling Revenue: Current year data, Fact Sheets Statistics. 2003 American Gaming Associations <http://www.americangaming.org/Industry/factsheets/statistics_detail.cfv?id=7> Saunders Olivia. ‘Unemployment in The Bahamas’ Gambling Entertainment. 2006 Royal World Casinos <http://www.royalworldcasino.com/gambling_entertainment.html> Oddo, Alfonso. The Economics and ethics of casino gambling. Review of Business. March 22, 1997. http://www.allbusiness.com/specialty-businesses/653985-1.html Patrick Basham and Karen White. Gambling with Our Future? The Costs and Benefits of Legalized Gambling. http://oldfraser.lexi.net/publications/digital/gamblingwithourfuture.pdf http://www.bahamapundit.com/2008/02/legalizing-gamb.html http://www.jonesbahamas.com/?c=128&a=15872 http://www.medicinenet.com/gambling_addiction/article.htm http://www.12step.com/statistics.html