An Analysis of the Economic and Social Impacts of Casino Resorts

This report explores the economic and social impacts of casino resorts, using Genting Highland Malaysia as a case study. It discusses both positive and negative economic effects, such as increased tourism revenue and employment generation, alongside potential drawbacks like promoting illegal gambling. The report also examines the social implications, including community identity and improved living standards, while acknowledging adverse effects like gambling addiction, relationship problems, and mental health issues. Recommendations are provided to mitigate the negative impacts and enhance the benefits of casino resorts, aiming to ensure a balanced and positive influence on society.

Running Head: THE ECONOMIC AND SOCIAL IMPACTS OF CASINO RESORTS
The Economic and Social Impacts of Casino Resorts
Name of the Student
Name of the University
Author Note

1THE ECONOMIC AND SOCIAL IMPACTS OF CASINO RESORTS
Introduction
Tourism as an industry has gained rapid importance in the contemporary world. In order
to attract the tourists so that higher foreign revenues may be earned, the hotels have undertaken
various measures (Barsky & Maier, 2015). One such measure is the establishment of casino
resorts. Genting Highland Malaysia is a world premier casino resort situated in Malaysia. This
paper seeks to discuss about the economic impacts and social impacts that a casino resort has on
a society. Both the positive and the negative impacts of each aspect has been considered and a
few recommendations has been given to counteract the negative aspects. For the purposes of this
paper, an organization has been selected based in Singapore, known as the Genting Highland
Malaysia. The paper concludes on how the activities of the casino resorts affect the society at
large.
Genting Highland Resort is located on the peak of Mount Ulu Kali in Malaysia ("Genting
Highlands", 2018). The resort has many attractions for the travellers such as casinos, shopping
malls, horse ranches, cave temples, entertainment parks and mesmerizing hotel suites. The casino
of this resort is renowned and spending time here is a favourite activity of many customers.
Definition of Casino Resorts
Casino Resorts is one of the most enchanting initiatives of the hotels of the world. The
main aim of the hotels is to generate higher revenue earnings and for this purpose the hotels
continually innovate themselves to attract more travellers. A casino resort refers to a hotel which
has a variety of other entertaining features such as an entertainment theme park, horse ranches,
and most importantly, a casino (Io, 2016). The hotel resorts have gone one-step further to
decorate the casinos based on a theme, usually, along the looks of a tropical island or Las Vegas.
These places symbolize a peaceful and fun retreat and hence, the hotels try to portray to their
clients that no matter the location of the hotel, the clients can enjoy themselves within their
favourite surroundings (Horner & Swarbrooke, 2016).

2THE ECONOMIC AND SOCIAL IMPACTS OF CASINO RESORTS
Conclusion
To conclude, it is observed that casino resorts have many important economic and social
impacts. Even though the casinos are a medium to bring in a large pool of foreign reserves and
they generate considerable level of employment within the concerned economy, they have some
adverse effect on the economy as well. Casinos promote gambling which is not legal in many
economies. Moreover, the casino resorts also have a significant impact on the society. The
activity of gambling is prone to addiction and this has led to severe consequences in the society.
Suicides, problems in relationships, facing mental health problems are some of the grave side
effects of gambling. Casino resorts do provide a measure of community identity to the people
and also increases the level of standard of living. To maintain the positive features of casino
resorts, certain recommendations have been provided to tackle the negative impacts. These
measures will help to reduce the problems related to casino resorts in a considerable way and
people will be able to enjoy casino resorts without being adversely impacted.

3THE ECONOMIC AND SOCIAL IMPACTS OF CASINO RESORTS
References
Barsky, J., & Maier, T. (2015). Win or Lose, it’s the Casino Experience that Gambling Hotel
Guests value most. International Journal of Business, Marketing, & Decision
Science, 8(1).
Genting Highlands. (2018). Retrieved from http://www.gentinghighlands.info
Horner, S., & Swarbrooke, J. (2016). Consumer behaviour in tourism. Routledge.
Io, M. U. (2016). Exploring the impact of hedonic activities on casino-hotel visitors' positive
emotions and satisfaction. Journal of Hospitality and Tourism Management, 26, 27-35.