Gambling, in contrast to other “vices,” has been widely accepted as a respectable way to make money in recent years. Casinos have experienced a dramatic image shift, going from being seen as seedy hotspots of vice to being seen as potential solutions to pressing social and economic issues.
Opinion surveys in several nations, including the United States, have demonstrated that a sizable majority of respondents see this kind of entertainment as appropriate. Online casino gambling has seen massive expansion and is gaining popularity in many parts of the globe.
This is partly a result of government policies that were enacted with the expectation that they would stimulate the growth of the tourist industry. The Indian state of Goa has become synonymous with that location.
Several hotels on the seaside and the Mandovi River both have casinos. Those looking to try their luck in gambling go from all over India and the world to these establishments. This research aims to investigate if the Goa casino has a chance when pitted against the current internet gambling establishments.
Goa Casino as a Financial Instrument of the State
In light of the enormous success enjoyed by casinos in Las Vegas, Monte Carlo, Macau, etc., several countries have decided to legalize gambling. Compared to Las Vegas’s $6.5 billion in gaming revenue in 2013, Macau, sometimes known as the “East Las Vegas,” raked in a whopping $45.1 billion.
Several Asian nations have looked to Macau in search of the kind of unexpected economic rewards that the city’s casinos have delivered them. As more people get comfortable with legal gambling, the number of people playing in casinos grows, and the casinos evolve into another business providing substantial money to the government.
The resolution of gambling in the form of casinos in different regions of the world is now driven mainly by the economic element. There were only approximately 15 legal casinos in the globe in the 1970s, but by the 1980s there were 77, and by 1986 there were 77 nations that allowed casino gambling, and by 1996 there were 109.
In 2003, casinos were permitted in 48 of the 50 states in the United States and 130 of the 202 nations in the world. Casinos in Goa will have unquestionable benefits for the Indian economy until the state of India decides to tax internet casinos, and this is the first and most essential factor.
Goa Casino and Tourism
As the Asian economy has grown over the last several decades, more and more people in the region have been able to afford trips abroad. As a result, they are helping to legitimize casino resorts around the world.
- South Korea,
- Malaysia,
- The Philippines,
- Burma,
- Nepal,
- India,
- Sri Lanka,
- Singapore,
All of these counties rely heavily on the tourism industry for their economies, and since 1999, casinos have become a major part of these nations’ economies.
Goa, a former Portuguese colony that is now a popular tourist destination, has both land-based and boat-based casinos. Goa, long a hippy mecca, is quickly becoming a hotspot for gamblers from all over the world. The state’s casinos are a major draw for these visitors.
A large portion of the Asian population has a long history of gambling, both at home and in public and seeing gaming as a kind of pleasure and recreation. Although being one of the world’s oldest businesses and having been lawful in India for centuries, gambling has been illegal nationally since 1867.
However, in 1998, new legislation allowed states to legalize the practice. Although casinos are legal in two Indian states and the union territory of Daman and Diu, a large percentage of Indians still exhibit a high tendency for gambling since it is deeply ingrained in Indian culture and society.
Final Thoughts
Blackjack, Rummy, Stud Poker, Baccarat, and Flash Roulette are just some of the games that visitors may try their hand at. Due to the enormous inflow of international visitors to Goa, who prefer to spend time in casinos and nightclubs, casino culture is now acknowledged as another draw for travellers.
Gambling establishments vary from one another. If you’re looking for an exciting night out with a drink in one hand and a deck of cards in the other, go no further than Goa Casino.
It can confidently claim that Internet gambling poses no danger to the survival of casinos in Goa, as long as people like the atmosphere and parties and the state earns money from taxes.
Disclaimer: The views and opinions expressed in the above article are solely those of the authors and do not necessarily reflect the official policy or position of ItsGoa.
