Singapore has put in much planning, and public debates as to the pros and cons of legalizing gambling and casinos. There were many opponents with regards to possible social ills and stigmas, but overall, these integrated resorts (IR) is considered an important component of the government's long term strategy to increase the tourism and services sector.
Gambling has become very popular in the modern times. In case of legalized gambling government of the country has made gambling legal for the people. The gamblers need to follow many rules and regulations to get involved in the legalized gambling. Through legalized gambling government can earn lots of revenue. Gambling is popular in every age group from college students to people of old age. Gamblers have the feeling that they have the ability to take risk and control their destiny. In my opinion, legalized gambling has many pros and cons to the society.
Let me start with the pros of legalizing gambling. Firstly, gambling is an entertaining process for the gamblers. The people in the society can enjoy gambling more freely when it is legalized. Legalized gambling provides more employment opportunities in the society which can help to reduce the unemployment in the society. The government can earn more revenues from the legalized gambling which can be diverted towards the well being of the society. Legalized gambling open an option of revenue for the family. It can be temporary and long lasting in some cases.
Now, let me talk about the cons of legalizing gambling. Legalized gambling will lead the economy towards a down turn. It leads to the decline in the local business as people are more interested in gambling instead of other entertainment activities. The person will get habituated to the gabling and will spend more time and money on gambling instead of other useful and productive activities. Gambling creates tension among the family members as the money that should have been used for family is now diverted towards gambling. Children that belong to family affected by gambling are most badly affected. Children will become lonely and loose all their confidence. Pressure is created on the family which ruined the family life and consequently the family stop taking part in the social gatherings. Gambling increases crime in the society as can go to any extend to fulfill the desire of gambling. The society with more crime will grow at a slow pace. Legalized gambling pushes the gambling at a faster rate as there is no fear of government and they can play more freely.
To conclude, I think that the gambling impulse is one of our greatest strengths. But that impulse comes with a great potential danger. The gambling impulse is like hunger – we need to feel hunger, or we'd starve. But when the hunger impulse gets divorced from the need for food, it's a huge problem.
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