...Running a Casino Jin Zhang V00772600 Mar 3, 2013 Abstract Over the past years casino has increase the impact on society, it seems that has been providing benefits to society, but is also brings much more negative effects. Casino decreases the income of local business. As many people know gambling is a bad habit just like drug use that can increase crime rate. No one can afford the harm that affects us. The use of casino can be very dangerous to the society and harmful to the economics if we are more aware of it, being caution about the negative effects of casino can increase the quality of social cost. Keywords: social cost, local business, crime rate The casino industry is a popular entertainment field in recent years, it is becoming worldwide. It has become a tourist attraction to many places, and has a great impact in our society. Casinos can be used for money sources, job opportunities, charities, and community growth, but we must not look only at the surface of things. (Tourism Management 2010, para.4) Research shows that casino bans will make society better off, casino industries in countries leads me to argue that casino is a local business killer, casino increase crime rate, and casino became the breakdown of social order. In “Residents’ perception of casino impacts: A comparative study,” Lee, Kang, Long, and Reisinger (2010). Casinos are local business killers, because casinos can drain...
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...Research Proposal Proposed North Bay Casino: Community Perceptions ADMN-2136 Proposed North Bay Casino: Community Perceptions Introduction On May 17th , 2012, the city of North Bay accepted the proposal from the Ontario Lottery and Gaming Corporation to build a casino. The proposal has created differing opinions within the population. The research we would like to conduct will be analyzing the perspective of North Bay residents to discern critical factors that shape their overall impression of the topic. Socio-economic and public health sentiments are considerations used in the proposed analysis. The population`s knowledge of the coming event, recognized opportunities and benefits, perceived risks, and philosophical views are components contributing to our research. Casinos have both positive and negative implications for a community, and community attitudes are instrumental in their success rates. Research Problem A casino coming to North Bay has brought up some controversy, whether the public believes the casino would be beneficial or have a negative impact on the community. We will determine whether the residents of North Bay are opposed or supportive of this decision (Conrad, 2012). We will uncover the resident's opinion of this decision. We will be analyzing the general interpretation of North Bay's residents and if the casino will improve tourism for this area. This could be an exciting attraction and improve the social quality of the city. Additional...
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...1. Executive Summary 1.1 Brief Summary While the Trump organization continues the expansion of its entertainment/luxury conglomerate through the recent acquisition of half ownership over the sports entertainment giant The World Wrestling Entertainment (WWE) and its recent entry into the higher-tier water business with its new brand, Trump Ice, it’s Casinos in Atlantic City (AC) do not seem to be doing so well. With increased competition, mounting regulations, and a relatively depressed economy the overall revenue of the Trump Organization’s AC hotels are diminishing, with administration expecting lower market shares in the coming years (“Trump buys raw”, 2009) (“The Trump Brand, 2012) (“Trump Entertainment Resorts, Inc”, 2010) (Bary, A., 2011). The organization’s failure to systematically allocate resources for periodic improvements/updates to these facilities have cost it the inability to attract or retain customers. In fact, just recently the organization relinquished one of its AC properties, The Trump Plaza to its competitor, The Golden Nugget (Wittowski, 2011). This is allocation of resources is critical in an industry where customer retention is correlated to the amount of expenditure and improvements made to the facilities. This slump in the organization competitive performance has been the case for quite some time. The Trump Organization has repeatedly fell at the brink of filing for bankruptcy – due to high leverage, low liquidity, and poor operating performance...
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...Singapore Casino Gambling Introduction Singapore is among the fastest growing economies in the world. The country has diversified its revenue sources in order to expand its economy. The country in 2010 launched Integrated Resorts that would serve as tourist destination and attraction sites. These two resorts that are equipped with several modern facilities are: Marina Bay Sands and Resorts World Sentosa (Shi, 2013; Mazza, 2013). Among the many facilities, the resorts have gaming and Casino Gambling facilities. The two Casinos at the two resorts have had positive contributions to Singapore’s economy since their launch. Casino Gambling however have impacted negatively on the society. Casino Gambling is considered to very addictive and some even argues that it destroys the social fabrics in a society (Kae and De, 2012). According to Ng (2011), casino gambling since the inception of two resort centers has taken shape in Singapore. Gambling is a legal activity that has economic value and pumps money through taxes into the economy (Tse, Hong and Ng, 2013; Case, 2011). Casinos also offer employment to many people making it even more beneficial in an economy. The government is blinded by everything for the simple reason that more addiction among gamblers drives more profits in terms of taxes for the government. It is the responsibility of businesses to be socially responsible and has activities that in anyway can degrade the moral values, beliefs and behaviors of people. Access to casino gambling...
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...copyright under the Act. Any further reproduction or communication of this material by you may be the subject of copyright protection under the Act. Do not remove this notice. SKY CITY HOTEL CASINO The Sky City Hotel Casino is a 640‐room resort complex featuring a full range of Nevada‐ style gaming: slot machines, table games (twenty‐one, craps, poker, roulette, baccarat and keno). Besides the hotel and casino, it also has four separate restaurants, two entertainment showrooms, and three gift shops. It is located in an extremely competitive market that includes 25 other hotel casino properties within a 10‐mile radius. Given the competitive market, the casino management uses a wide range of marketing promotions to attract customers to the casino facilities where, it is hoped, they will try their luck at the slots or table games. Casinos are designed in such a way that customers must walk through or past the gaming area to get to the restaurants or the hotel registration area. The primary objective of a hotel casino property is to keep a gaming customer in the complex. The casino industry is a unique service industry that has created gaming odds that over a period of time will result in the casino generating revenues from its customers. For example, in this region, the house normally keeps 2.1% of every dollar that a player puts into a slot machine. Other states and Indian...
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...2015 Seyed Baladi Introduction After twenty years in the casino gaming industry and after recently acquiring his MBA, casino player development executive Frank Hines has decided to take his expertise into the open market by starting a casino player development consulting firm specializing in the regional Native American casinos located in Oklahoma. Hines hopes to leverage his two decades worth of experience, his training pedigree and his education, into a thriving but boutique consulting firm that would assist these casinos in attracting and capturing casino players from the lucrative Dallas/Fort Worth gaming market. Many large casino companies already have offices in the Dallas/Fort Worth Metropolitan are to serve this ample and lucrative market however Hines fills that his expertise would be attractive to smaller casinos who do not have a presence in the market and would like to reduce both costs and the learning curve required in setting up an office and training employees. He has decided to create a small, service-centric boutique company which he will call his organization The Protervus Group. Market Structure In order to understand what casino player development entails, it is first necessary to understand the business side of casinos. Casinos are a form of business where it cannot be agreed upon as to whether they offer a good or a service. What can be agreed upon is that they offer casino games; slots and table games; blackjack, craps, roulette, baccarat...
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...Employment Kimberly Dixion DeVry University Author Note This paper was prepared for HMT 440 taught by Professor Zombas. Table of Contents Introduction………………………………………………………………………………………3 Gambling Through the Years……………………………………………………………………3 Types of Casinos…………………………………………………………………………………6 Careers in Gaming ……………………………………………………………………………….8 Conclusion……………………………………………………………………………………….10 Introduction The casino and the gaming industry has gotten to be very popular throughout the years. The fact that different states and countries are allowing gambling into their areas, means that more jobs will be popping up for the people of these areas and who are in this industry. I feel that the gambling industry will offer employment to many people for years to come. Information that needs to be considered are that casinos are be putting up in almost every state, but you also have to look at online casinos and casinos that are now on cruise ships. Between Resorts, cruises and just the casinos themselves, there are many positions that need to be filled to keep these establishments running. Gambling Through the Years There is no exact date of when gambling was started. There is record of the Chinese doing it in 2300 B.C (casino-hstory.org). There are also stories of the ancient Greeks, Queen Elizabeth and the Romans gambling in some way as well. A lot of the games that are played in recent times actually have a history of starting in Europe and China. Gaming in the United States...
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...White Paper: An Analysis of Harrah’s Total Rewards Players Rewards Program © 2006 Gaming Market Advisors December 2006 Prepared by Gaming Market Advisors 330 E. Warm Springs Rd Las Vegas, NV 89119 4340 E. Kentucky Ave. Suite 311 Denver, CO 8024 Table of Contents I. SUMMARY OF FINDINGS............................................................................................................................................1 II. PROJECT OVERVIEW..................................................................................................................................................4 Methodology ........................................................................................................................................................4 III. TOTAL REWARD PROGRAM OVERVIEW ..................................................................................................................5 Tiers and Tier Credits ............................................................................................................................................5 Reward Credits .....................................................................................................................................................7 IV. TOTAL REWARDS MARKETING STRATEGY .............................................................................................................11 V. TOTAL REWARDS TIER BENEFITS...................................................
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...Table of Contents Introduction………………………………….….…..…..Pg. 3 Broad Overview of the Gaming Industry…………....….Pg. 4 Trends……………………………………………..…….Pg. 5 Is My Business Fit for Gaming…………..…..................Pg. 6 Larry Katz of Dot’s Diner………………….……….…..Pg. 7 Lessons Learned……………….......................................Pg. 7 Conclusion…………………………………….….……..Pg. 8 Works Cited……………………………………………..Pg. 9 There are many industries that are out there providing jobs for many different people in this world. There is however, quite none like the Gaming Industry. The beginning of gambling can be traced to religious rituals in pre-historic societies. The rituals had a purpose of predicting the future. The procedure of the rituals was simple and consisted of “casting the lots” throwing small objects like pebbles, sticks, nuts, arrows etc. out of the palms of the hands or any container (Hoovers, 2012). The result was checked to see if the number of the objects on the ground was “odd” or “even”. “Even” number meant a positive outcome and “odd” stood for a negative one. With time that process became more complex and also involved interpreting the patterns of the objects lying on the ground. The next step in the evolution of these rituals integrated the sacrifices from the participants to encourage the fate of the Gods to deliver positive signs and help. The sacrifices were normally personal stakes which turned those involved from observers into active players of the process...
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...Selection: The location of a casino is an important decision, because this raises strategic, regional and local considerations (Hannigan, 2007). A framework of site selection criteria, therefore, should work out to determine the casino location. Selection Criteria: The locational determinants are documented as followings to determined our casino development location: (Rephann, 1997) 1. Proximity to larger urban areas 2. Quality of transportation infrastructure: 3. Restrictiveness of state casino gaming regulations 4. Proximity to non-casino-gaming states 5. Scale of casino development 6. Presence of other recreational attractions 7. Qualified Personnel inputs In addition, other aspect of the potential destinations such as the reputation of the destination, the economic development situation, the potential tourism development opportunities, accessibility problem in VISA restrictions and the risk analysis of the destinations will be taken into consideration. Attracting elements in choosing Singapore: After conducting the site selection analysis, it is found that Singapore could be one of the potential destinations to be developed for a new casino. General speaking, the high revenue generated by tourism, the high proportion of people in the highest socio-economic categories, the presence of Singapore’s iconic attractions, the high concentration of hotels and so on making Singapore being a higher potential for the new casino development. a)...
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...Pinnacle Entertainment, Inc. Cultural Values and Impact on Society Pinnacle Entertainment, Inc. recently purchased and merged with all of the Ameristar Casinos, but in particular, the property located in St. Charles, Missouri is where Taliah will be conducting her cultural audit. The gaming industry is such a crucial part of the entertainment business worldwide. The casinos and gaming industry in the United States alone experienced very strong growth in the past years during the post-recession period. As the U.S. economy seemed to degrade, gambling was there to try and bring it back up. The US casinos and gaming sector had a total gross gaming win of $95 billion in 2012. Pinnacle has nearly doubled their profits in the last five years. This company seemed interesting because of how much they are expanding and how quickly. Their motto is “to be the best in the world”, and so far they are putting up a good fight to get to the top. Being discussed in this audit are the cultural values of Pinnacle and the reasons behind their success, ranging from their loyal employees to their properties that are beautifully designed. Pinnacle Entertainment, Inc. is a gaming and hospitality company created in 1938 and whose headquarters are located in the Spring Valley, Nevada. Since then, they have undergone many name changes, property purchases, and expansions. The original shareholders included some of Hollywood’s biggest names, such as Walt Disney, Mervyn LeRoy, and Bing Crosby...
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...TallTree2 Hotel Casino John R. Mills University of Nevada at Reno Jeffrey Wong University of Nevada, Reno Background The TallTree2 Hotel Casino is a 640-room resort complex featuring a full range of Nevada-style gaming: slot machines, table games (twenty-one, craps, poker, roulette, baccarat, and keno). Besides the hotel and casino, it also has four separate restaurants, two entertainment showrooms, and three gift shops. It is located in the extremely competitive Reno, Nevada, market that includes 25 other hotel casino properties within a 10-mile radius. Given the competitive market, the casino management uses a wide range of marketing promotions to attract customers to the casino facilities where, it is hoped, they will try their luck at the slots or table games. Casinos are designed in such a way that customers must walk through or past the gaming area to get to the restaurants or the hotel registration area. The primary objective of a hotel casino property is to keep a gaming customer in the complex. The casino industry is a unique service industry that has created gaming odds that over a period of time will result in the casino generating revenues from its customers. For example, in northern Nevada, the house normally keeps 2.1% of every dollar that a player puts into a slot machine. Other states and Indian properties can retain up to 12% of each dollar played. For table games the normal return is 12% of drop (money lost by players). To maximize the casino profits, the key...
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...TallTree2 Hotel Casino John R. Mills University of Nevada at Reno Jeffrey Wong University of Nevada, Reno Background could be generated by the players gambling. Thus, room prices as well as food and drink prices were set very low to get the customer in the door and keep them there with the notion that these reduced costs would be recouped with 过去其他部门低成本,靠赌博收益,现在变了,见收 casino customer play. 益表分析 But, as the hotel casino structure expanded into luxury hotel complexes with upscale shopping centers (substantially increasing capital expenditures), management now wants these departments to operate more like profit centers. Whereas 20 years ago the casino department generated over 90% of total property revenues, current property revenues are more spread over a range of departments. The current income statement (Worksheet #1) for TallTree2 Hotel Casino shows that 64% of revenues are generated by gaming while rooms (14%), food (12%), beverage (6%), and other (4%) make up the remaining 36%. Northern Nevada casino operations are cyclical, with 收入的季节性 peak demands occurring on Friday and Saturday (100% 特征 hotel occupancy) and during July, August, September, and October. Hotel room rates can change substantially, with rates during the slow period as low as $49 but the same room selling during the Hot August Night Special event for $350 per night. Special holidays such as Thanksgiving and Christmas have traditionally been very slow for casinos, whereas for...
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...Individual reflection #2: Controls at the Bellagio Casino Resort What controls do they have and why? MGM MIRAGE maintained stringent controls on the recording of all receipts and disbursements. In the (Bellagio) casino, these controls included: - Locked cash boxes on the casino floor; - Daily cash and coin counts performed by employees who were independent of casino operations; - Constant observation and supervision of the gaming area; - Observation and recording of gaming and other areas by closed-circuit television; - Timely analysis of deviations from expected performance; - Constant computer monitoring of slot machines. These controls help to ensure that cash operations are going well. The company’s businesses were also subject to various other federal, state, and local laws and regulations in addition to gaming regulations. These laws and regulations included, but were not limited to, restrictions and conditions concerning alcoholic beverages, environmental matters, employees, currency transactions, taxation, zoning and building codes, and marketing and advertising. Multiple forms of control were required by the Nevada Gaming Control Board (GCB) and used in the Bellagio to help ensure that the casino kept the cash to which it was entitled. These included: - licensing of casino personnel (gaming work permit valid for 5 years); - standardization of actions of personnel running the games; - careful supervision and surveillance of the actions taking place at the table; - monitoring...
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...Environment…………………………………………………………………………….4 Assessment of External Environment Porter’s Five Forces Assessment of Strategic Groups Key Competitors Internal Environment……………………………………………………………………………..7 Value-Chain Analysis SWOT Analysis Financial Statement Analysis Analysis of Financial Data Key Resources and Capabilities Internal Efficiency and Cost Savings Industry Analysis Analysis of Marketing Position………………………………………………………………..18 Company & Industry Growth Marketing Strategies Analysis of Management Stock Performance International Strategies Strategic Position…………………………………………………………………………………21 Current Core Competencies Competitive Advantages Performance Indicators Recommendations and Discussion………………………………………………………………23 Long-Term Options SBU Level Recommendations Short-Term Options Corporate Social Responsibility Environment and Sustainability Introduction Las Vegas Sands Corporation (LVS) is a multinational casino and resort company that began in 1989 when Sheldon Adelson purchased the Sands Hotel in Las Vegas, Nevada. Since 1990, LVS has grown into a luxury hotel, entertainment, and gambling corporation with locations in the United States in China. Among their most well-known American properties are The Venetian and Palazzo, both of which are in Las Vegas, and they also boast ownership of the Four Seasons Hotel, Sands Cotai Central, and The Venetian Macao in the Cotai Strip in Macao, China. Additionally, they operate the Marina...
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