Casino Gambling Ethics

For businesses to be socially responsible, they have to satisfy the qualifications of the responsibilities of corporate citizenship which include economic, legal, ethical, and philanthropic (Ferrell, Fraedrich, & Ferrell, 2013). Casinos provide a service of gambling that is legal but socially irresponsible (Oddo, 1997). Casino gambling influences the economy through the creation of new jobs, encouragement of tourism, growth of income from taxes, and the reduction of the tax burden on the local residents. Even though casinos can create new jobs, they can also cause other businesses to go out of business by removing money from the local economy. On the other hand, casino gambling can increase the high costs of crime, create compulsive gambling, damage work ethics, and develop unnecessary traffic congestion (Oddo, 1997). Casino gambling can also increase economic and legal expenses by increasing the cost of additional law enforcement, legal and prison costs of criminal justice, the cost of social services to help compulsive gambling addicts, lost job productivity, and the costs of expanded traffic control. Casino gambling motivates the players to gamble for a chance to win, so they can increase their economic well-being, but for the casinos to earn revenue, the player must lose at the end (Richard, Bernard, Grinois, Mustard, Eadington, Brown, & Romer, 2000). Casino gambling becomes an ethical problem when they prevent consumers the ability to provide for his or her needs or the needs of others …show more content…
(2013). Business Ethics: Ethical Decision Making and Cases [9th edition]. Mason, OH: Cengage Learning. Retrieved from https://www.betheluniversityonline.net/cps. Oddo, A. (1997). The Economics and Ethics of Casino Gambling. Review Of Business, 18(3), 4.
Richard C., Bernard, W., Grinols, E., Mustard, D., Eadington, W., Brown, W., & Romer, C. (2000). Correspondence. Journal Of Economic Perspectives, 14(1),