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| Author: | Calvano, L. Andersson, L. |
| Title: | Hitting the jackpot (or not): an attempt to extract value in Philadelphia's casino controversy |
| Journal: | Organization
2010 : SEP, VOL. 17:5, p. 583-597 |
| Index terms: | USA gambling industry case studies stakeholders conflict |
| Freeterms: | communities value extraction |
| Language: | eng |
| Abstract: | Starting from the late 1980s, casinos became a favoured neoliberal economic development strategy for cash-strapped states and municipalities. Meanwhile, the political power and profitability of the gaming industry increased with the growing opposition from communities. This study examines the Philadelphia (here as: Ph.) casino controversy using a critical case study approach and the theoretical framework of accumulation by dispossession. It is argued that the situation in Ph. represents attempted value extraction by corporate and government elites from communities and citizens. Furthermore, the nature of the value extraction goes beyond the economic, infringing the social dimensions of community life. |
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