Providence Journal

Dear Editor:

John Kostrzewa’s column, “Banking on casinos is a threat to innovative, knowledge-based jobs of the future” (May 30), gets it wrong on gambling.

Mr. Kostrzewa offers no evidence to support his claim that gaming establishments do not create worthwhile job opportunities. Last year, casinos employed more than 330,000 people who earned $13.1 billion. Thousands more were put to work by gaming supply companies. I doubt those men and women would so easily dismiss the opportunities casinos provide.

Mr. Kostrzewa also fails to acknowledge that the gaming industry creates economic value in other ways. Besides contributing tax revenue to depleted government budgets, casinos circulate money into the marketplace by purchasing goods and services from neighboring businesses.

Casinos also attract visitors to their communities, further stimulating the economy. In fact, according to a recent survey, 69 percent of gaming county residents says casinos have had a positive impact on local tourism.

When a new gaming establishment takes root in a community, it quickly becomes a valued partner. Casinos make long-term community investments through development projects that fuel other industries, such as construction. They generously support local charities, both with direct funding and employee volunteer programs.

Mr. Kostrzewa and I agree on one thing: Gaming is here to stay. After all, the beauty of the free enterprise system is that people can decide how to spend money to entertain themselves. Considering the industry’s track record of success, casinos will continue enriching the economy for many years to come.

Sincerely,

Frank J. Fahrenkopf, Jr.
President and CEO
American Gaming Association