The Impact of Casino Gambling on Housing Markets:  A Hedonic Approach

Wenz, M.

doi:10.5750/jgbe.v1i2.512

Cited by 20 publications

(2 citation statements)

References 14 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, most of the employment and wage benefits are confined to the economy's hospitality and entertainment sector (Grinols, 2004). Wenz (2007) found a positive relationship between casinos and local house prices that was more pronounced in less densely populated areas. Wenz (2008) postulates that casinos are associated with increases in employment and housing units.…”

Section: Benefits Of Gamblingmentioning

confidence: 87%

Attitude-Support Relationship in Gambling: A Modified Theory of Planned Behaviour

Thomson

Mekoth²

2021

JGI

View full text Add to dashboard Cite

In this study, we modified the theory of planned behaviour and proposed that attitude towards gambling explains and predicts gambling support. We explored whether locals and tourists support or oppose the gambling industry and the factors that led to support or opposition. This information is vital, as policy decisions are often made by taking into consideration public support. Using a structured questionnaire, we gathered data from 385 respondents from Goa, a popular tourist and gambling destination in India. Through structural equation modelling, we found that most of the variance (87%) in support of gambling was explained by attitude. Perceived benefits and risks explained the significant variance (58%) in attitude towards gambling, as indicated in the theory of planned behaviour. The coefficients were significant except for the path from social risk to attitude, which was removed from the final model. The direct path from benefits and risk to support were not significant. In addition, the path from personal risk to attitude was moderated by the respondent’s gambling behaviour. Although gamblers had a more positive attitude with increasing personal risk, non-gamblers had a more negative attitude with increasing personal risk. This finding confirms the risk-seeking behaviour of gamblers. Résumé Cet article modifie la théorie du comportement planifié et avance que l’attitude à l’égard des jeux de hasard explique et prédit l’appui donné à ces jeux. L’étude vise à déterminer si les habitants et les touristes appuient l’industrie des jeux de hasard ou s’ils s’y opposent, et à cerner les facteurs menant à un appui ou à une opposition. Il s’agit d’une information de grande importance, car les décisions d’orientation prennent souvent en considération l’appui du public. Des données ont été recueillies au moyen d’un questionnaire structuré auprès de 385 répondants de Goa, en Inde, une destination touristique et de jeu très prisée. À l’aide d’une modélisation par équation structurelle, la recherche a révélé que la variance (87 %) dans l’appui aux jeux de hasard s’explique en majeure partie par l’attitude. Comme le suggère la théorie du comportement planifié, les avantages et les risques perçus expliquent la variance importante (58 %) dans l’attitude à l’égard des jeux de hasard. Les coefficients sont significatifs, à l’exception de la piste causale entre le risque social et l’attitude, qui a été retirée du modèle final. Les pistes directes allant des avantages et des risques vers l’appui n’étaient pas significatives. Il est apparu que les comportements de jeu des répondants avaient un effet modérateur sur la piste allant du risque personnel vers l’attitude. L’attitude des joueurs était de plus en plus positive à mesure qu’augmentait le risque personnel, tandis que celle des non-joueurs était de plus en plus négative. Ce résultat confirme l’existence d’un comportement de recherche du risque chez les joueurs.

show abstract

Section: Benefits Of Gamblingmentioning

confidence: 87%

Attitude-Support Relationship in Gambling: A Modified Theory of Planned Behaviour

Thomson

Mekoth²

2021

JGI

View full text Add to dashboard Cite

show abstract

“…Author recommends that in order to compare and measure the above impacts in future studies, it would be useful to survey residents about their experiences with crime and housing prices. Wenz (2007) use a hedonic model to examine the relationship between casino and housing market from 1990 to 2000 in the United States. Precisely, author estimates impact of casino activity on housing price.…”

Section: Tourism Activity and Housing Pricesmentioning

confidence: 99%

Tourism housing price nexus

Časni

Filić

2022

Croatian Review of Economic, Business and Social Statistics

View full text Add to dashboard Cite

Tourism’s positive and negative externalities are of an extreme social and economic importance for the tourism dominant countries. In particular, studying tourism’s impact on housing prices has experienced increased interest over the past decade as it has a relevant influence on real estate economics and housing market development, which spills over the entire economy. Considering the limited existing literature, the objective of this paper is to provide an overview of the previous studies, which summarizes prevailing findings about the impact of tourism on housing prices with respect to three different streams: tourism activity, tourism accommodation capacity and tourism amenities. This paper offers a comprehensive theoretical background and clear-cut insight in tourism’s impact on housing prices, with a great attention to possible issues that may emerge due to tourism heterogeneity across countries. For the same reason, it is beneficiary not only to real estate agents but likewise to decision makers in tourism industry.

show abstract

Casinos and Commercial Real Estate Values: A Case Study of Detroit

Walker

2013

Management for Professionals

View full text Add to dashboard Cite

The Impact of Casino Gambling on Housing Markets: A Hedonic Approach

Cited by 20 publications

References 14 publications

Attitude-Support Relationship in Gambling: A Modified Theory of Planned Behaviour

Attitude-Support Relationship in Gambling: A Modified Theory of Planned Behaviour

Tourism housing price nexus

Casinos and Commercial Real Estate Values: A Case Study of Detroit

Contact Info

Product

Resources

About