CGA researchers say casinos in Canada good for the goose and gander.
Let’s face it, everyone has their own opinion about the
responsibility and virtue of casinos. Some people see them as just
another business offering a form of adult entertainment. Others would
call them the bane of society. The Canadian Gaming Association (CGA) calls them part of a “large, mature industry that…generates
significant benefits” for Canada’s economy.
That assessment was part of the the introductory statement in a key
findings report that details the results of a research report titled,
National Economic Benefits of the Canadian Gaming Industry”.
Admittedly, it is the CGA’s purpose to advocate for positivity in and
around the gaming industry, but it’s hard to argue with these latest
Casinos in Canada Good for the Goose and Gander
The CGA report highlights the multitude of ways in which our nation’s
gaming industry is a productive and economically powerful driver for
the greater good – not just for the business owners, or the
provincial tax coffers, but for all Canadians. It creates
multifarious job opportunities, provides funding for government
services, charities and local communities, and represents the largest
amount of non-tax revenue in the country.
Revenue Generation and Distribution
The report, released last week, states that in 2017, Canadian casinos
and that gaming establishments generated a total of $16.1 billion in
gaming revenue, and an additional $1 billion in non-gaming revenue,
which includes hotels, restaurants, entertainment, retail, etc; a
total of $17.1 billion.
Of that, $9.2 billion was funneled through the nation’s governments
as non-tax revenue. That money pays for things like hospitals, school
campuses, community centres and events, youth sports programs, and
other worthy projects, and are also 100% responsible for the funding
of problem gambling research, treatment and prevention programs all
across the nation.
Employment and Income
Canada’s gaming industry supports the livelihood of 182,500 employees
and their families, distributing $11.9 billion in labour income.
Employment opportunities span all facets of the gaming and
hospitality industry, from cashiers, dealers, slot attendants and pit
bosses, to security, guest services, wait staff, maintenance and
more, paying an average annual salary of nearly $65,000 to full time
Boon for Local Businesses
Like the rest of us, Canadian casinos have to go shopping to support
the goods and services they offer. Restaurants don’t make their own
napkins, if you get my drift. The gaming industry spent a staggering
$14.6 billion on goods and services in 2017 – everything from
carpet cleaners and toiletries, to tables, playing cards and
equipment upgrades, furniture and fixture replacement, and
landscaping. That money goes directly to the local businesses that
provide these products and services.
Siphoning More Money Into the Economy
One point the CGA failed to expound upon, likely due to lack of
measurable statistics, is also one of the greatest aspects of gaming,
particularly true of the largest casinos in Canada. They have the
naturally characteristic ability to draw tourists from outside the
country. When foreign visitors spend money here in Canada, it injects
new revenue into the economy, helping the nation to grow greater and
more productive as a whole.
Royal Vegas is our editorial pick for safe Canadian gaming. Currently offering a good range of Canadian deposit options, everything from prepaid gift cards, to eCheck, instadebit and visa/mastercard. That, and a world-class gaming experience, with countless table games, strong variety, and even live dealers. The brand has been in the business for a decade long.