The Economic “Impact” of a Downtown Casino in Toronto
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AbstractThis report will not add to the already overly abundant collection of completely meaningless numbers that are being thrown around and at the citizens of Toronto and Ontario. Rather, this report will ask questions — most of which have gone unanswered and unaddressed so far during this process. If the city of Toronto decides it wants to allow a casino in the downtown core of the city and on or dominating a significant place on the limited resource that is its waterfront, the city should be well-aware to what it is saying “yes”. The appendix provides a review of the peer-reviewed academic literature that has been published on the regional economic impact of casinos. That literature forms the basis for this report. It should be carefully noted that this report only focused on the economic impact. The social, moral, individual, and family impacts of casinos and legalized gambling are separate, but important, issues that should also be considered. However, this report only focuses on the potential regional (Toronto, GTA) impacts of a downtown casino. This report will focus on three areas: Jobs, Neighbourhood, and City.
Permission to include report in Institute research repository granted by Kimberly Silk, Data Librarian, The Martin Prosperity Institute Joseph L. Rotman School of Management, University of Toronto.