Do Urban Casinos Affect Nearby Neighborhoods? Evidence from Canada
AbstractAccess to legal gambling has expanded in Canada. Casinos can generate both positive and negative local impacts. We analyze the effect of new urban Canadian casinos on nearby neighborhoods in terms of population growth and composition, and housing market outcomes based on more than 40 urban casinos opened in Canada between 1986 and 2007. We define neighborhoods based on spatial proximity, and analyze impacts on changes in census tract profiles. We find no evidence that casino openings affect population growth or population composition by age, gender and martial status, or home ownership rates, and evidence that casino openings reduced unemployment in surrounding areas, and are correlated with faster growth in household income. We also find evidence of negative effects on changes in housing values and rents despite the faster income growth. The findings suggest a double-edged nature to casino openings: positive for employment and income growth but negative for residential amenities.
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Bibliographic InfoPaper provided by University of Alberta, Department of Economics in its series Working Papers with number 2014-2.
Length: 55 pages
Date of creation: 01 Feb 2014
Date of revision: 01 Mar 2014
casino; economic impact; amenities; employment;
Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-03-08 (All new papers)
- NEP-DEM-2014-03-08 (Demographic Economics)
- NEP-FDG-2014-03-08 (Financial Development & Growth)
- NEP-GEO-2014-03-08 (Economic Geography)
- NEP-URE-2014-03-08 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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