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why indian casinos are good for the economy Gambling
Donna Amo
Posted on 06 Nov, 2020
By Donna Amo
On 06 Nov, 2020
By Donna Amo
On 06 Nov, 2020

Why casinos are good for the Indian economy

Except in a few Indian states, gambling is often met with a lot of negative scrutiny as a number of social organizations call it a social evil. Which is why casinos in India are a rare sight except in the states of Goa, Daman, and Sikkim where they are legal. But even though this is the case, it is hard to deny that casinos could be a significant contributor to the Indian economy if given the chance.

Casinos are potent hubs for gambling activities with their wide array of card games like poker, rummy, roulette etc. The atmosphere in many of these casinos exude glamour and excitement, drawing in huge crowds of tourists every year, boosting the state’s economy like Goa, which collected INR 441 crore in revenue in 2019 alone. This gives us a good picture of the potential income casinos can bring in for the economy.

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With the popularity of casinos rising, the industry is always looking to hire individuals with excellent communication skills and good work ethic to run it’s operations smoothly. They are responsible for creating hundreds of jobs by employing management staff, waiters, technicians, security staffs etc. Hence, they are looked at as a source for employment.

But it doesn’t stop there, online casinos are becoming increasingly popular in India, this growth has also been further accelerated due to the Covid-19 lockdown. Many Indians are now turning to these online casinos to get their gambling fix, making India one of the most sought-after online markets for the industry. By regulating this, the government of India will be able to reap the benefits from these online casinos in the form of tax revenue. But it is only through careful regulation and management that the full economic potential of casinos be harvested.

For more interesting content on your favorite gambling topics, keep reading GutshotMagazine.com 

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