Article ID Journal Published Year Pages File Type
971433 The Journal of Socio-Economics 2008 14 Pages PDF
Abstract

This paper measures the extent to which destination resort casinos export bankruptcy back to visitors’ home states. Previous literature has alluded to this possibility, but previous research has not examined the issue. Using various survey data, we calculate the number of visits from each state to casino resort destinations in Nevada, New Jersey, and Mississippi. We find strong evidence that states having more residents who visit out-of-state casino resorts have roughly 10% higher bankruptcy filing rates, on average. This effect is dominant in the south, suggesting that casinos located in wealthier regions are less likely to export bankruptcy.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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