New jobs
Casinos provide a significant number of jobs, including in gaming operations, hospitality, security, and management. This includes direct employment in the National Casino and indirect employment in support areas such as catering and maintenance.
Many casinos offer special training programs for their employees that can enhance their skills and provide opportunities for advancement.
Tourism
Casinos attract tourists from home and abroad. This influx of visitors boosts local economies through spending on accommodation, catering, and other leisure activities.
Some casinos are part of larger resort complexes that offer additional amenities such as hotels, restaurants, and entertainment options, further boosting the local tourism industry.
Tax revenues
German casinos are subject to significant taxation. This includes not only gambling taxes, but also other levies such as corporate taxes, VAT, and property taxes.
The revenue from these taxes is part of the public funds that can be used for public services and infrastructure development.
Regulation and compliance
Casinos pay licensing and regulatory fees to operate legally. These fees are part of the revenue collected by the government to monitor and regulate the industry.
Regulation ensures that casinos operate fairly and responsibly, which maintains consumer confidence and provides stability to the gambling sector.
Local economic impact
Casinos regularly invest in local infrastructure and development, including improvements to transport, utilities, and community facilities.
Operators often source products and services from local businesses, supporting the wider economy.
Many casinos are involved in corporate social responsibility initiatives, including those such as charitable donations and community projects. These contributions support a range of local causes and enhance the social fabric of the community.
The money spent by casino visitors and employees can have a multiplier effect on the local economy, benefiting a range of businesses and services outside the casino.
Although the exact figures may vary, German casinos generate considerable sums of money. According to industry reports and surveys, the German gambling market, including casinos, generates several billion euros annually. In recent years, the total revenue from gambling, including casinos, has been in the order of several billion euros.
Studies and industry reports often emphasize that the gambling sector invests billions of euros in the German economy every year through various channels, such as taxes, employment, and tourism.
To summarise, casinos in Germany make a significant contribution to the economy through job creation, tourism promotion, tax revenue,s and local investment. Their economic impact is felt in several sectors and benefits both the immediate and wider social environment.