Topic: How gambling can effect the economy of a country [Part 3 - Australia] - page 2. (Read 284 times)
June 13, 2018, 04:02:45 PM
I think the conclusion from this is gambling industry will give some revenue to the country and will make some contribution to the people in another section. as I see in here, gambling revenue makes a big money to the owners and gives a good amount for the tax. and for the employment, there are many people that work in the gambling industry and the other field and of course, this will help people which need jobs for searching the income. besides that, with the gambling industry, this will attract tourism to visit the country and they are playing gambling in many places in that country and this will make another contribution to the other fields.
June 10, 2018, 04:05:53 PM
So what do you get from part 1, 2 and 3? And according to your conclusions, it is called who has the greatest advantage of gambling? Because maybe individual articles and ratings are often different
June 10, 2018, 02:53:18 PM
Read the previous two threads on the same subject for USA and Macau. The links are given below,
Part 1:
How gambling can effect the economy of a country [Part 1 - USA]
Part 2:
How gambling can effect the economy of a country [Part 2 - Macau]
Today, I am going to talk about Australia. It is another gambling heaven and this county has the highest rate of gambling in the entire world. Report says, at least 80% of Australian adults are engaged in gambling of some sort. Gambling industry contributes heavily to their state and country tax revenue. The employment generation is also on the higher side. Definitely dark side of gambling does exists, but yet, Gambling has contributed positively in Australian economy and we will see how,
1. Revenue: (source - Wikipedia)
In 2015-16, gambling revenue made up 7.7% of state and territory taxation revenue. The rate was lowest in Western Australia (2.5%) and highest in the Northern Territory (12.0%). Gambling revenue made up 2.5% of total state revenue when other revenue sources were taken into account. The rate was lowest in WA (0.9%) and highest in Victoria (3.2%). This numbers are excluding of additional expenditure associated with gambling.
Total Australian gambling revenue in 2008-09 was just over $19 billion and the share of household consumption was 3.1%.
2. Employment: (Source - The Allen Consulting Group)
Gambling industry employed 19,737 staff Australia in 2007-08, making a substantial contribution to employment in each state and territory. This number, however, increase to around 58,000 in 2016-17 making it one of the biggest employment generating industry of recent times. Approximately
60 per cent of casino staff are employed on a full-time basis, 17 per cent on a part time basis, and the remaining 23 per cent employed on a casual basis. The gambling industry also indirectly supports around a 70,000 plus families through local business, tourism and transport.
3. Boost in tourism industry: (Source - The Allen Consulting Group)
over 1 million international tourists made 2.4 million visits to Australian casinos in 2007-08. International tourists who visited casinos spent a total of $4.9 billion during their time in Australia — an average of $4,940 per visitor, compared to $2,630 by international visitors not visiting casinos. It accounts for a significant percent in Australian export industry as tourism industry is known as export industry.
More details: The Allen Consulting Group report
Part 1:
How gambling can effect the economy of a country [Part 1 - USA]
Part 2:
How gambling can effect the economy of a country [Part 2 - Macau]
Today, I am going to talk about Australia. It is another gambling heaven and this county has the highest rate of gambling in the entire world. Report says, at least 80% of Australian adults are engaged in gambling of some sort. Gambling industry contributes heavily to their state and country tax revenue. The employment generation is also on the higher side. Definitely dark side of gambling does exists, but yet, Gambling has contributed positively in Australian economy and we will see how,
1. Revenue: (source - Wikipedia)
In 2015-16, gambling revenue made up 7.7% of state and territory taxation revenue. The rate was lowest in Western Australia (2.5%) and highest in the Northern Territory (12.0%). Gambling revenue made up 2.5% of total state revenue when other revenue sources were taken into account. The rate was lowest in WA (0.9%) and highest in Victoria (3.2%). This numbers are excluding of additional expenditure associated with gambling.
Total Australian gambling revenue in 2008-09 was just over $19 billion and the share of household consumption was 3.1%.
2. Employment: (Source - The Allen Consulting Group)
Gambling industry employed 19,737 staff Australia in 2007-08, making a substantial contribution to employment in each state and territory. This number, however, increase to around 58,000 in 2016-17 making it one of the biggest employment generating industry of recent times. Approximately
60 per cent of casino staff are employed on a full-time basis, 17 per cent on a part time basis, and the remaining 23 per cent employed on a casual basis. The gambling industry also indirectly supports around a 70,000 plus families through local business, tourism and transport.
3. Boost in tourism industry: (Source - The Allen Consulting Group)
over 1 million international tourists made 2.4 million visits to Australian casinos in 2007-08. International tourists who visited casinos spent a total of $4.9 billion during their time in Australia — an average of $4,940 per visitor, compared to $2,630 by international visitors not visiting casinos. It accounts for a significant percent in Australian export industry as tourism industry is known as export industry.
More details: The Allen Consulting Group report
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