...by the globalization of commerce and the loss of traditional revenue markets related to geographical provincialism. This industry increasingly enjoys revenue success as a result of the needs of society to temporarily escape the pressures of the current global business conditions and the greater global conditions of society in general. The leisure industry in this country and around the world has enjoyed consistent profit and growth as a result. The gaming industry is no exception; gambling in this country is growing and expanding into markets traditionally thought to be impenetrable to the perceived vices opponents of the industry claim as examples of societal degradation. The following examination of slot proposals for the lone available Pittsburgh slot license will not be presented as an attempt to morally sway opinion one way or the other. These debates are left to special interest groups, political entities, and all stakeholders/registered voters. The examinations and analyses of the following proposals, projection comparisons with related criteria, and potential economic impact of the winner to the surrounding communities are the interrelated goals of this report.
The original impetus for the addition of the gaming industry to the state of Pennsylvania is the result of certain levels of economic depression within the state that have effectively curtailed necessary economic development and growth that would serve to maintain long-term financial security and stability for the state and its citizens. The resulting stagnation of economic growth combined with the continuing loss of potential revenues from the gaming industry to neighboring states that support the gaming industry has provided sufficient motivation for state interests to create a gaming industry in Pennsylvania. The potential for revenue from state gaming interests is obviously enormous; the...
