Context for the Study
Central Atlanta Progress / Atlanta Downtown Improvement District, Inc. (CAP/ADID) have commissioned a series of research studies to understand the impact of a gaming attraction to the State of Georgia as well as local communities, with emphasis on urban cores. The research studies focused on four key areas, including state-level impacts of casino gaming, social and economic impacts to local host communities, as well as impact on real estate development surrounding a casino.
The key takeaways were summarized by CAP/ADID and do not necessarily represent the opinions of the authors of the research studies contained in the appendices of the full report.
Overview of Scope
- What size is the potential market for gaming in Georgia and Metro Atlanta?
- Would casinos attract new, out-of-state visitors?
- What regulatory and legislative best practices should be enacted if gaming is allowed in Georgia?
- What are the potential impacts of a casino – both social and economic - in local host communities, and what have other jurisdictions done to mitigate these potential risks?
- Do casinos displace other forms of spending in the local market?
- Does this displacement affect local public revenues?
- What impact would casinos have on state lotteries?
- How would a casino impact downtown real estate development?
- Casino gaming could generate an additional source of state revenue, but has its drawbacks.
- Casino revenue is primarily generated from locals, not tourists
- Substitution effects likely exist at multiple levels but are complex and difficult to fully predict
- Local communities will incur costs, so funding mechanisms must be in place to mitigate impacts
- Local communities must set and negotiate specific objectives before allowing casino development or they are unlikely to see a positive impact from gaming
- Horwath HTL
- HLT Advisory Inc.
- Douglas M. Walker, Ph.D., Casinonomics Consulting, LLC
- Bruce Seaman, Ph. D, Georgia State University
- Bleakly Advisory Group
- Key Advisors