Work

Do urban casinos affect nearby neighbourhoods? Evidence from Canada

Year: 2016

Type: article

Abstract: We analyse the effect of new casinos on nearby neighbourhoods using data from casinos opened in Canada between 1986−2007. We find no evidence linking casino openings to nearby population growth or changes in residents' income, composition by age, gender, marital status, and home ownership status. We find evidence of negative casino effects on the growth of housing values and rent. The effect is substantial near casinos, a nearly 8 percentage-point loss in the growth of home values over 5 years, but has limited influence and dissipates quickly over distance. The estimated effect on housing rents is comparable in terms of standard deviation.

Source: Papers of the Regional Science Association

DOI: 10.1111/pirs.12277

Authors: Haifang Huang, Brad R. Humphreys, Li Zhou

Institutions: University of Alberta, West Virginia University

Language: English

Topic: Housing Market and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: hybrid

Estimated APC paid: $2,740