The article under analysis called Tribes Aim to Cash in on Casinos focuses on the potential benefits and pitfalls of tribal gaming in terms of economic prosperity, and governmental development of relevant resources (Jost n. p.).
Specifically, the author pays attention to the creation of tribal casinos in the reservation areas which differs slightly from gambling facilities in Las Vegas by the décor and interior because most of them are organized in the Native Americana fashion.
On the one hand, the tribal gaming is economically and financial beneficial because it contributes to building stronger economy. On the other hand, the government is concerned with further sustainability and profitability of the facilities because of the challenges posed by economic development.
Gambling activities among tribal population aim to gain more revenues and generate enough money to employ more people on the reservation. Therefore, Foxwood Resort Casino can improve social and economic welfare of the Indian tribes, as well as economic development of the region in general.
Despite the optimistic predictions, the U.S. economy poses significant challenges to the development of casino business.
The point is that the success of tribal gambling depends largely on the consumers’ demand, as well as their ability to spend money in such facilities. Therefore, market has a potent impact on the business activities in tribal gaming.
Tribal gaming can be relevant for enriching the governmental resources due to the vast expansion of the Casinos in the reservation areas across the United States. Thus, Foxwood Resort Casino can significantly increase the level of entertainment services in general.
However, further expansion of the tribal gaming can face challenges in terms of geographic restrictions. Such a situation is largely predetermined by the specificity of entertainment business where wealth of the customers and competition stand at the core of success.
In addition, the government is also critical concerning the business activities in reservation area because they often come in disaccord with their requirements and standards. This is among the main shortcomings of tribal gaming.
Tribal gaming has strong cultural and ethnic underpinnings because indigenous population receives wider opportunities for becoming more self-sufficient and self-reliance. The entertainment network development promotes more revenues and financial resources for the advancing the economic stability in the district.
However, the government often faces constraints because it cannot regulate the Indian gaming. The point is that the majority of gamblers receive no potential revenues from the business activities. Casinos, therefore, cannot be regarded as permanent sources of profitability.
As such, although many tribes have expansion strategies at the beginning, the market potential often prevents tribal gaming from taking a competitive advantage over other casinos.
In conclusion, the main benefit of developing casino networks in the reservation areas lies in promoting welfare and economic stability both in the district and across the United States. It also contributes to enhancing and generating stronger economy, as well as greater self-reliance.
Despite the obvious advantages, there are serious shortcomings of facilitating the entertainment business activities among the Native Americans. This is of particular concern to the economic development, market potential, and governmental interest that partially reject further expansion of the Indian gaming.
Despite certain controversies, the development of business activities in the reservation is a significant step up toward the development of economic stabilities of indigenous population. The government, therefore, should provide wider opportunities for tribal population to improve economic and social life.
Works Cited
Jost, Kenneth. Tribes Aim to Cash in on Casinos. CQ Researcher. 2012. Web.