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How Online Casinos Can Bring Haiti Back to its Feet

Considering the detrimental effects gambling can cause to a player, it still wouldn’t be fair to say that the game is purely evil. For instance, many states and countries have approved online commercial casino gambling primarily because of its contribution to economic growth. The greatest perceived benefits are increased employment, greater tax revenue to state and local governments, and growth in local retail sales.

This was particularly true for the third most densely populated country in the region of Greater Antilles Archipelago of the Caribbean, Haiti. As one of the poorest countries in the world, it is consistently scored as one of the lowest entries in the human development index and has a low GDP per capita of less than $1000. Adding to the country’s economic problems, the island was devastated by an earthquake back in 2010 which virtually obliterated the economy. This also struck the gambling industry on the island, leaving only two land-based casinos in Haiti today. 

Although land-based casinos are legal in Haiti, they aren’t regulated.  Online gambling is also unregulated, which simply means, it just isn’t as safe. Still, residents continue to promote and support online casinos, and here’s why. But before we discuss the economic impact of online casinos, you can check this guided list of scam sites to look out for, 먹튀 업체. 

Online Casinos Increase Employment

Online casinos contribute indirectly to the decrease in the unemployment rate, as it helps in the natural movement of the business. Though it doesn’t require much staff since everything is done online, the casino’s operation still requires labor, and this labor will come from the local area. This, in turn, will reduce unemployment in the region. In a relatively urban area, there is probably enough variety in the workforce to ensure that skilled labor will be provided locally. 

Tax Revenue

Since online gambling supports a more diverse range of banking and monetary transaction, the money used by the platforms circulates in the economy more. The banking options that online casino platforms utilize are all completely safe and allow one to fund one’s account with ease. There are various methods by which this can be done and users can select the method that suits them best. Many even provide additional offers upon using these services. The increased tax revenues can help keep the needs of community infrastructure and community services well-funded.

Profit Generation

Since online gambling is way more convenient and accessible than land-based playing, it easily attracts and gains new players. The more accounts opened in the platform, the more profit its operations can generate.

It’s true that online 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 is also the stance of the South Korean presidential candidate An Chul Soo (안철수) – And this is how online casinos might just be able to bring Haiti back to its feet. 

Haitian Times

Haitian Times

The Haitian Times was founded in 1999 as a weekly English language newspaper based in Brooklyn, NY.The newspaper is widely regarded as the most authoritative voice for Haitian Diaspora.
Haitian Times
Aug. 01, 2020

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