Pros And Cons Of Working At A Casino

  
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Generally speaking, casino dealers could earn up to £500 per month from tips. Of course, how much you would earn from tips would depend on the casino's popularity and location, your experience and approach to the customer. Do not forget that the casino is a social environment and a smile and a friendly, bubbly personality always help. Pros: It's good for the ya-san, for the prostitutes, for the 1 hour hotels, for the petty thieves, for the casino or pachinko owners, and for their employees. Cons: It takes money from the populace, degrades the community, increases crime, and increases the support needed for addicted gamblers and their families. One of the main advantages of being a live casino dealer is that the job does not require as much maths skills – with live casinos, it is the computer that does the math and not the dealer. Secondly, live dealers boast a very high income – it is common for a dealer to make more than $100,000 a year at a reputable casino.

Since I first wrote a post about the 4/10 shift schedule back in 2011 there has been a steady stream of views on that particular post.

That caused me to review the post and write a follow-up to address a few issues left unsaid.

Although the original post clearly laid out the parameters of such a shift schedule it was somewhat light on the pros and cons of such a schedule.

Most police departments that adopt some form of compressed work week do so through the collective bargaining process or at least discussions between unions and management. Most unions see great benefit to their members that accrue from a compressed work week. There are also some benefits for the employer.

Everyone knows that the roulette as a casino game is the most popular one and this why everybody loves it. No matter the gender, age, or social status, this game is for everyone. Whether you’re a newbie or have some experience in it, you will enjoy it likewise. But, what are the pros and the cons that people are always asking about? The work is extremely repetitive. The management culture is seem as non supportive of staff issues and concerns. The most difficult aspect of working in a Casino is the shift work and how it impacts on you private and social life. The operational staff are fantastic to work with.

Pros for employees:

  1. Although the total number of hours worked is the same under the 8 hour and the 4/10 shift schedules, the actual numbers of days employees are required to come to work is dramatically reduced (up to 52 less days per year) under the 4/10 schedule.
  2. Due to the fewer number of days employees are required to come to work there is an approximate 20% saving in work related traveling cost.
  3. The ability to arrange for longer periods of work absence (12-14 days by using only 40-50 hours of accumulated holiday leave).
  4. Ability to extend periods of days off by using accumulated banked time in conjunction with regular days off.
  5. Fewer shifts worked on weekends (Saturday-Sunday).
  6. Greater ability to get additional time off (on overlap days).

Cons for employees

1.Fatigue due to length of shift, especially if the regular shift is followed by overtime.

Pro for employers

  1. The biggest advantage the compressed work week offers for employers is the ability to overlap shifts. This is especially pertinent to organizations such as police departments that in many instances have peak hours in terms of call for service or other needs in terms of boosting police presence during specific hours. The overlap creates the ability to significantly increase manpower (person power to be politically correct) without incurring costly overtime which results from call-outs.
  2. Most larger organizations have ongoing training requirements such as firearm qualification, first aid training and regularly mandated in-service training to retain professional certification. Training tends to be pushed to the back burner when thing are hectic and the overlap days generated under a compressed work week schedule can assist in ensuring training time is available again without the need to incur overtime.
  3. The availability of a large pool of resources to conduct planned special patrols, special operations or projects on overlap days.
  4. In the case of employees who have built up excessive hours in their accumulated bank the employers can reduce such banks by giving employees days off on overlap days in keeping with operational needs.

Pros And Cons Of Working At A Casino

Cons For Employers

  1. The greatest issue for employers centers around the division of the workforce into two distinct platoons. It is akin to creating two separate and distinct organizations who only rarely see each other or work together. The issue is one of communication between the two platoons especially as it relates to complex ongoing investigations. If an investigation is being handled by ‘A’ Platoon and the entire platoon goes on 4 days off, things can easily fall between the cracks unless adequate processes are in place to ensure communication and continuity.
  2. Some police executives have also noticed the development of separate and distinct cultures within platoons.
  3. If work schedules have been negotiated and embedded in the Collective Agreement, flexibility is limited and generally changes can only be sought during the collective bargaining process.
  4. Overlap shifts require additional expenditures for equipment (cars, radios) which will be utilized during the overlap period but sit unused for many hours each day.

During the past two decades, the US casino industry has expanded dramatically. According to the American Gaming Association, there are now nearly 1,000 commercial and tribal casinos in the country.

Plans to expand casino gaming are typically controversial. Massachusetts presents one of the most interesting cases, with voters currently contemplating a measure to reverse casino legalization this coming Tuesday November 4.

Pros And Cons Of Working At A Casino

The cost benefit analysis

Each time casino legalization or expansion is considered, similar issues come up. Casino proponents argue that casinos will create tax revenues, jobs, and can push average wages higher.

Opponents argue that the social costs, such as crime, industry “cannibalization,” and problem gambling, outweigh the potential benefits. Both sides discount the opposition’s claims. So what does the research show?

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When it comes to the economic benefits of casinos, there have been several studies on economic growth, employment, and wages. Perhaps the most comprehensive study on employment and wages was done at the US county level.

Pros And Cons Of Working At A Casinos

Controlling for a variety of factors, the results showed that counties with casinos have higher employment (by around 8%) than those without; wages were slightly higher in casino counties.

There is also published evidence that casinos have a positive impact on state-level economic growth, though that evidence has not been consistent over time.

Tax benefits

Perhaps the most important political benefit of casinos is tax revenues. Although in most states legalized gambling provides a very small proportion of state tax receipts (usually far less than 5%), casino taxes do make it easier for politicians to avoid spending cuts or other tax increases.

In Massachusetts, one of the motivations for casino legalization is that many Bay State residents gamble at casinos in Connecticut and Rhode Island. If new casinos keep hundreds of millions of casino revenue in the state, that means additional tax revenue for the state.

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Problem gamblers

On the cost side of the equation, researchers agree that the majority of costs are attributable to problem gamblers, who make up around 1% of the population. These people develop a variety of problems, including reduced employment productivity; financial problems, bad debts and bankruptcies; committing crimes to get money for gambling; and lying to friends and family.

Interestingly, the spread of casinos across the country may not have caused a significant increase in the prevalence of problem gambling. Research has suggested that when casinos expand in an area, there is a short-term increase in the problem gambling rate, but that the rate levels off over time. The result has been a fairly stable prevalence of problem gambling across place and time.

Since the 1990s researchers have been trying to put a monetary value on these social costs of problem gambling. Unfortunately, such measurement is tricky.

Researchers have estimated that around 70% of problem gamblers have other problems, such as drug or alcohol abuse. Thus, it becomes impossible to attribute social costs specifically to the person’s gambling problem. Nevertheless, the scientific literature on the types of difficulties associated with problem gambling is well-developed.

Crowding out competitors

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Casino critics typically argue that casinos will harm other industries. This is so-called “industry cannibalization.” The fact is that any new business that competes with existing businesses does the same thing. This is simply a part of market economies.

One can sympathize with existing firms; they never like having more competition. But in the end, a new casino creates a new option for consumers. If they didn’t enjoy gambling, consumers wouldn’t spend their money at casinos.

What about casinos’ impacts on lotteries? There have been recent claims that casinos could significantly harm the Massachusetts lottery. Recent empirical evidence from a study we did in Maryland tends to contradict this.

We found that the establishment of casinos in Maryland led to about a 2.75% decrease in lottery sales. This is hardly a major impact, but it is nothing to sneeze at.

Massachusetts has the most successful lottery in the country, and casinos will probably have a small negative impact on lottery sales. On net, though, gambling tax receipts will almost certainly increase with casinos.

How, then, to assess impact

Policymakers in different parts of the country have taken different approaches to understanding the impacts of casinos. Some states have commissioned comprehensive studies, while others have acted without much empirical evidence. Massachusetts has commissioned a comprehensive multi-year study of the economic and social impact of the introduction of casino gambling.

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It’s true that casinos have a variety of impacts on their host communities; they create both costs and benefits, both of which are probably less important than casinos’ strongest supporters and opponents claim.

But from a purely economic perspective, even considering the difficulties in measuring them, the benefits from casinos likely outweigh the costs – with the key benefits being those to consumers who like casino gambling.

This article is part of a series on gambling in America. You can read the rest of the series here.