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Could new investments in casinos and casino resorts improve the Finger Lakes economy? 

For a geographical region to thrive, it must first have a strong and profitable economy. It’s never enough to simply coast on by and hope for the best: those responsible for an area’s wealth must make real efforts toward its continuing success, and so too must its denizens.

That’s why places like Finger Lakes can’t afford to ignore one particularly profitable industry – the on- and offline casino sectors. Estimated to be worth $500 billion at the current time, gambling is one of the quickest growing businesses around, which is why up-and-coming areas are increasingly having to embrace it.

Gambling in Finger Lakes

The idea of a homegrown gambling industry is not a novel idea for Finger Lakes. With a state-of-the-art gaming complex and racetrack already established, and bringing a lot of money into the region, it’s easy to see how the betting sector can bring advantages to the surrounding area without causing upheaval.

This being said, there’s certainly room for expansion. Although the current establishment covers 44,000 square feet and has over 1,100 video gaming machines, there are far bigger complexes elsewhere – however, many of them without the fantastic big city transport links found in Finger Lakes.

It’s our connection to New York from the Thruway that could really set us apart as a potential gambling mecca, and with plenty of empty space, there would be little need for such an industry to impinge on nearby towns or vineyards.

Why expansion should be encouraged

Reading the above, you might be wondering what’s in it for the denizens of our area? The answer is a simple one: increased wealth, the creation of new jobs, and a greater flow of visitors to nearby businesses, in both the retail and hospitality sectors.

So why is now the time to consider such change? It’s the ever-evolving casino industry that’s responsible. With the online sector growing apace, more and more people are being introduced to the joys of gambling – and those same people who enjoy having a flutter behind their computer screens are deciding to try their luck in bricks-and-mortar establishments too.

Lured in by the promise of attractive online casino bonuses like free spins advertised on social media and specialist directory sites, increasing numbers are developing a love of everything from slots to blackjack and baccarat, and many of them are turning to it as a form of entertainment not just when they’re at home, but when they’re out and about and at a loose end too.

Let’s use an example; Jackpot City. You can find more information about Jackpot City here, but here’s the bare bones of it. Enticing people in with welcome bonuses, and keeping them with ongoing promotions that reward regular players, they’re one of the many outfits creating a generation of gamers – ones who are all too happy to spend their money on a pursuit they enjoy, no matter what form it takes.

Those economies that will benefit most from this trend are those that embrace it, and with a portion of $500 billion up for grabs, Finger Lakes might be wise to cash in on the action through investment in its own homegrown casino industry.

Also on FingerLakes1.com