The social and economic costs of predatory gambling are plainly apparent from an industry reliant on addiction to survive.
The casino industry thrives by increasing gambling addiction, targeting the poor, and avoiding paying the costs associated with crime, bankruptcy, and the losses from other local businesses. Specific studies of these effects of predatory gambling are available below.
We are not opposed to gambling, only to the predatory practices used to purposely generate addiction in our city. We do not propose that the government outlaw gambling; we question, however, whether the government should be sponsoring and endorsing predatory gambling.
Casinos in Philadelphia are not an economic engine for the city. The Philadelphia oversight commission run by the state of Pennsylvania estimates that casinos in Philadelphia will result in a net loss of jobs.
In fact, casinos destroy twice as many jobs as they create. Local restaurants and entertainment venues are having their business cannibalized by an industry in which the profits will leave the city of Philadelphia to the benefit of far-off billionaire investors.
Thus, the sooner SugarHouse is shut down — and Foxwoods abandons its plans — the better for Philadelphia job-seekers and the Philly economy.