The Caribbean in general is a prime destination for tourism, with thousands of people flocking to the islands all year round. This tropical paradise is on the bucket list for many people across the world, with many of them making it their mission to enjoy its beauty at least once in their lives.
This greatly aids the local economy, with tourism being one of the main sources of revenue for local residents.
But the Caribbean is also known for its modern resorts, home to some of the top casinos in the world. This is an important detail for many tourists as many of them also love to gamble while on vacation. In recent years we also saw an expansion of online casinos, making the Caribbean their home. We have many casinos with Paytm payments, visited by players on a daily basis. Many of them are looking for that, hoping to strike it rich on the casino floor. These casinos also help the local economy, by creating much-needed jobs and paying taxes on their profits.
For many people gambling in general and sites which promote gambling like Roulette77 are frowned upon. But the truth is that gambling is a multi-billion dollar business and the revenues it brings can help prop up the local economy. Let’s dive a bit deeper into the ways casino establishments help the economy.
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Licenses and Taxes
Casino licenses and taxes are a great way to add extra funds to the government budget. Casinos who decide to set up shop in the Caribbean have to apply for a gaming license biased roulette wheel and pay all fees. This generates revenue for the country, bringing in much-needed funds. These funds can later be used to boost the local economy and build roads, hospitals, schools and everything else which is needed. Just for comparison, let’s see what the license fees are for an online casino situated in Curacao.
| License | Service | Fees |
| Setting up a holding company | Company registration, offices, annual maintenance fees | 8,900 Euros |
| Curacao Gaming Commission Board fees | Annual license | 61.700 Euros |
| Curacao Gaming Commission Board fees | Renewal license | 61.700 Euros |
| License Application | Full service for license acquisition | 17,000 Euros |
As you can see from the table above a single casino needs to pay around 100,000 euros to get started with an operating license in Curacao. Multiply that number with hundreds of operators and you see how much the government can benefit in licenses alone from online casinos. Not to mention the fact that this is a recurring process, generating profits each year.
Spike in local tourism
Gamblers in general are picky tourists. They want to visit the Caribbean and enjoy the pristine beaches and the crystal clear water. But they also want to have a place to gamble and enjoy their favourite casino games. This is where we can see gambling boosting local tourism.
Gamblers venture out to resorts which also have casinos. This way they get the best of both worlds. During the day they can enjoy the beaches and the local cuisine and in the evening they can try their luck at the casinos.
Creating jobs
The gambling industry, especially casino resorts, needs a large number of employees to make sure everything runs smoothly and up to the standards of their visitors. Many people across the Caribbean are employed at these resorts, whether it’s at the hotels, the casinos or any other sector connected to the resort.
Growing infrastructure
Casino resorts can easily change the surrounding landscape. Each resort contributes to the development of the local infrastructure. Local roads are built near airports and even ports. Resorts can even attract local investors in building housing communities nearby and offer accommodation to tourists at lower prices. This has a positive impact on the economy and opens up even more local jobs.
Future trends for gambling tourism
The gambling industry across the world is growing at a steady pace. Online casinos are on the rise, but we also see new casino resorts being built across exotic locations. In the future, we are sure to see this industry growing even more, as new innovations begin to take place.
Resorts are starting to focus even more on their casinos, keeping up with the latest trends across the world. Today you can find everything you need at a modern casino resort, from a state-of-the-art casino floor to packed shopping centers.
All of this has a greatly positive impact on the local economy and helps bring revenue for years to come. Locals can easily find good-paying jobs at casino resorts and improve their everyday lives. You can even get valuable experience, which you can later use for working at casino establishments all over the world.
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