...Gambling is big business in the United States and other parts of the world. The gamingindustry generates billions in revenue each year. Gambling comes in many forms; traditionalcasinos, the internet, and even machine gaming at local businesses such as truck stops.However, the gaming market is very competitive and not without risk. Large corporations levymillions if not billions of dollars to gain a competitive edge. A SWOT analysis and strategyevaluation should be completed to assess factor in the business. These steps are necessary toensure investing will provide a profitable return for shareholders.SWOT AnalysisThe makeup of the gaming industry has many different companies types. The large part ofthese companies operates casinos that offer a wide variety of services. The services areintended to attract not only the seasoned gambler but also the people interested in otherhospitalities. These include luxury hotels, spas, golf, amusement parks, and many otherattractions to lure patrons into the casino. Still, the gaming industry is flooded with competitionthat brings many threats. These threats must thrust operators to become inventive and evaluateopportunities to reinvent the business to maintain market share. Operators must also be awareof the industry weaknesses. Below is a chart (Fig.1) of a SWOT analysis based on the gamblingindustry.Fig. 1Strengths [pic] 3The gambling industry is strong in many regards. Large revenues provide capital tomarket products, services, and expand...
Words: 267 - Pages: 2
...fix Honolulu’s roads and heard that a hefty $150 million price tag that will come along with it. The piece on the news said that the state was unsure of where that money would come from and this got me wondering why hasn’t Hawaii legalized gambling? I used four sources to delve into both sides of this controversial topic. The first source is a report from CQ Researcher titled “Gambling in America” by Kenneth Jost. The second is an article from The Honolulu Star-Advertiser “On Politics” column, by Richard Borreca. The third resource I used to gather my information from is Gambling, from the Opposing Viewpoints series and lastly, I conducted an interview with a long time, self-proclaimed professional gambler, who wanted to keep their identity anonymous and asked only to be referred to as “Rush”. After exploring both sides of the topic I’ve come to the conclusion that the pro-gambling side wins. The evidence given by the supporters seems much more concrete and numbers based while the opponents seem to appeal to the public’s pathos using fallacies such as hasty generalizations and post hoc ergo propter hoc. There are many different forms of legalized gambling today, ranging from state lotteries, to commercial casinos, and Internet gambling. I’m going to focus on the two that seem to be most applicable to the state of Hawaii, which are commercial casinos and a state run...
Words: 273 - Pages: 2
...Social Marketing Assignment (Gambling) Introduction Background and identification of social issue Analysis of social issue Implications & Consequences on society Intervention Proposed Intervention Critical evaluation of proposed intervention using SMART framework Appraisal of Proposed intervention * Marketing plan for proposed intervention A. Marketing strategy to address social issue B. Media Recommendations C. Evaluation and measurement Conclusion A. [Summarize three main points] B. [Revisit introduction or tie all ideas together] * * * * A. Background In the early days, Singapore has used globalization without limits and practice useful financial grow. Wages generated from tourism as outside trade profit will be added to the national pay and basically adds to the financial development of Singapore. In any case, globalization is a dual enclosed sword, while it serves to support a well to do betting. To counter issue of betting, the online networking could be extraordinary used and social protections must be actualized to anticipate addictive betting. The problem of betting is not a new to Singapore. The Singapore Pools, built up the following 1968, was shaped to handle unlawful betting. Throughout the years, all the more wagering channels and betting frameworks advanced, for example, 4-D, Toto and SCORE . The increment popular for legitimized betting demonstrates that more Singaporeans are revealed into...
Words: 426 - Pages: 2
...Page 2 GAMBLING The United States has had a long history of allowing some forms of legal gambling and a degree of tolerance of illegal gambling. Casino’s were built as early as the 1800’s in the United States but gambling in general took place far before that. One of the most popular places to gamble took place on river boats traveling throughout the Mississippi river and other major waterways. In the 1800’s Professional gamblers were frowned upon by the majority of people and blamed for limiting economic growth, interfering with business, endangering the streets, and committing crimes. Gambling was brought to California by The Gold Rush making San Francisco the capital of gambling in the United States. It soon became outlawed throughout the country but not eliminated due to underground gambling. In 1931 gambling was legalized once again in the state of Nevada. In today’s society gambling is everywhere around us. People are able to walk down the street to almost any convenient store and buy lottery tickets. Anyone with a credit card (even if they are underage) can get on the computer and gamble on casino websites, poker websites or place a bet on sporting events. There’s different opinions about gambling and how it effects people and the community. The gambling industry offers benefits to the community and can build a cities economy. They offer thousands of job opportunities from anywhere such as waiters/waitresses and casino workers to law enforcers to keep the...
Words: 918 - Pages: 4
...Gambling should be banned in South Australia When people crowd around waiting for coffee in the morning, with just a few steps, following the "VIP Room" signs, you can enter the timeless gaming room and start gambling. And years later, what would happen if you went home and told your family you had lost all the family’s savings? The gambling debate is a hot topic at all times. In South Australia, 31% adults gamble per month and 11% gamble weekly (DFC 2006). In spite of the fact that gambling provides enjoyment for thousands, employment for hundreds more, it is evident that it equally leads to illegal and reprehensible behaviour and it even may ruin some people’s lives. Firstly, the obvious advantage of gambling is that anybody has the chance to win a lot of money and then their lives could be changed forever. Such an intention and motive gives people a great desire to win money and spend a significant amount of time at gambling venues. And bit by bit, they have less control over their gambling. Consequently, for the same reason, most of those people who have a nice expectation of their life will gain a crippling addiction and lose a lot of money. Other than drugs and alcohol, a gambling addiction can lead to misspent money, a ruined marriage, strained family relationships, and other questionable activities. It can even lead to crime. Furthermore, another advantage of gambling is that the government makes a lot of money by taxing gambling venues. The gambling industry...
Words: 674 - Pages: 3
...prohibition—an effort to ban online gambling—will fare any better. In 2006 Congress passed the Unlawful Internet Gaming Enforcement Act, which made it illegal for financial institutions to transfer funds between punters and online-gambling sites. Some companies promptly pulled out of the American market. But others stepped in, and the opportunities to bet online have expanded elsewhere in the world. So, after a brief dip, Americans are now betting online about as much as they did four years ago. The Justice Department still maintains that online gambling is illegal, yet large numbers of Americans carry on regardless. The reason is simple: anyone who wants to gamble and has an internet connection can do so. And plainly many people do want to gamble. In 2009 the legal gambling market totalled $335 billion globally. Nearly two-thirds of that came from lotteries and casinos. Gambling in casinos is growing fast in East Asia, particularly Macau, the world’s biggest market. As our special report explains, online gambling remains relatively small (just over $25 billion in 2009), but, as with so many online industries, it is hugely disruptive to both business and policy. Horseracing is one likely casualty. It will not disappear entirely—it still accounts for over 7% of the global gambling market, and attendance at marquee events like the Grand National and the Kentucky Derby remains strong—but it boomed when it was virtually the only legal form of gambling available, and a cut of the bets...
Words: 633 - Pages: 3
...Introduction Gambling Addiction and Problem Gambling To some people gambling is just a waste of time and money but to some it can be a winning streak. Back then in the 1970s 30-55 years old was the typical age that most people gambled but now the typical age is 17-70 years old. In the United States the legal age to gamble is 21 in most casinos and in some Indian casinos the legal age is 18. There are many ways to gamble there are casinos, online gambling and even home gambling with family or friends. Gambling not only interferes with your money it can also affect and causes problems with an individual’s life. Gambling addiction and problem gambling create physical, emotional, social and financial problems in the lives of the gamblers and their loved ones. Gambling is to put something up for; like money or something that has value. There are many games that involve gambling for example card games, dice games and even sports like football, basketball and boxing, which all involve betting. Gambling is all about taking a risk its either you will or you lose. It also depends on luck its either your lucky or not. Many say gambling is a sin because most religions are against it. Gambling addiction is a behavior disorder that can interfere with an individual’s life. A gambling addict is a person who is out of control. Gambling addiction is also known as pathological or compulsive gambling. “Compulsive gambler’s can not control the impulse to gamble, even when they know their gambling is hurting...
Words: 1539 - Pages: 7
...Analysis………………………………………………………………...…Page 11 Economic Analysis……………………………………………………………………………………..Page 12 Political Analysis……………………………………………………………………………………..…Page 14 Evaluation of Outcomes………………………………………………………………………...……Page 15 Works Cited………………………………………………………………………………………….……Page 17 Overview The industry of gambling provides a country’s respective government with large amounts of financial support. Furthermore, gambling is a multi-billion dollar industry worldwide. The misfortunes and losses of people are the monumental and overwhelming gains to government or non-government regulated casinos. The establishment of government owned casinos creates much-needed jobs for citizens as well it creates a flow of profit to the country. This inflow of cash assists the government in completing necessary tasks and is beneficial to the public because taxes are not being raised to complete such tasks. Over the last twenty-five years, the regulation of gambling has become prevalent. There are still many situations in which gambling occurs in a deregulated form such as Internet gambling, which although many people partake in, is not officially legal in Canada. The criminal code played a large part in the prohibition of gambling in Canada. In 1969, an amendment was made to the Canadian Criminal Code to allow the use of lotteries to help provincial governments fund projects (Stevens). Following the introduction of the lottery, in 1985, provincial governments were permitted...
Words: 4196 - Pages: 17
...Cricket, Gambling and India Gambling has gambled heavily on India. It’s appetite to enter Indian market, over the years, has shown only signs of strengthening. Now it has on its side some of the biggest moguls of Indian industry like Subhash Chandra (Zee) and Vijay Mallya (Kingfisher). Subhash Chandra might be famous as a media biggie but as early as in 2007 he earned almost as much from his lottery brand Playwin as the rest of his media, packaging and real estate businesses added together i.e. a cool Rs. 2400 crore. According to Playwin website, the company has at least ten games to offer. The lotto & gaming brand of Pan India Network Ltd. claimed in June 2010 to have created 71 crorepatis and over 3,000 lakhpatis from all over India within a short span of 8 years since its establishment. Of course it doesn’t talk about the many people who would have gone bankrupt due to gambling. But this is the visible picture. According to a story published in the Businessworld in 2008, unlawful betting in the IPL cricket season averaged $100 million per match in 2008. Indians bought over 30 million lotteries a day and the lottery market alone was estimated to be upto Rs 50,000. The total gambling industry was upwards of Rs. 100,000 crore in 2008 itself. There is hardly any doubt that despite all the recessions, the gambling industry has only gone up. Howsoever we frown at the moral aspect of gambling, it remains the most popular vice. That it can’t be stopped is clear. That it...
Words: 740 - Pages: 3
...I think all forms of gambling should be legalized in Nebraska, for multiple reasons. Nebraska is losing millions of dollars because people are travelling to nearby states to gamble. Some forms of gambling are legal, some are not. What is the difference? People should be able to use their money however they choose,even if betting on something with an uncertain outcome. There are multiple different forms of gambling. Some of the legalized ones include, video bingo, slot machines, online poker with cash and prize rewards, animal racing, keno, and sports of skill like darts and pool. Why keep Casino table and card games illegal? Nebraska is losing millions of dollars because citizens are travelling to nearby states to do these activities. People...
Words: 390 - Pages: 2
...Gambling is a complex and intriguing human activity. When it appeared long ago, it seen as popular, but it has cycled to the opposite extreme to be rebuked, condemned and repressed as a social evil. More precisely, Video Lottery Terminals (VLTs) are one important aspect of gambling that affects gamblers and makes them addicts. These machines are often refered to as the “crack cocaine of gambling”, “one armed bandits” or even the “devil`s television”. First, to uncover the VLTs world, we need to go back and explore the history of these machines. Then, we need to emphasize on the relation between the population and the machines: what attracts people and how? Following this, view by a psychological manner, we have to focus on the fact that VLTs are not random and how people are enslaved by them. Also, the explanation of how these slot machines are taking money from people and their effects. Statistics revealed by a professor who studied gambling in Las Vegas said that 78 per cent of pathological gamblers had thought about suicide and 49 per cent had attempted it; 35.5 per cent said they stole from work to pay for their gambling and 27.5 per cent said they filed for brankruptcy. Finally, the role of the government and the economy will be introduced, and some solutions for addicted gamblers must be included. First, a little historical introduction is important to analyse where the gambling and VLTs came from. The earliest reference to gambling is found in ancient Egypte displaying...
Words: 3117 - Pages: 13
...Should Sports Gambling Be Legalized? Gambling is a common practice throughout human history, one that appeals to the individual’s desire for gain and offers the thrill of risk or uncertainty. Sports gambling is the “wagering of money or other items of value on the outcome of a sporting event, dependent either wholly or in part on chance” (Thompson, 2008, p. 1). Sports gambling generates billions of dollars annually, with large events like the Super Bowl or World Series alone able to generate wagers in the billions of dollars. This research will explore the arguments of those who oppose sports gambling and those who support it in order to answer the question: Should sports gambling be legalized? There are many individuals who support sports gambling. Though it is illegal in all states but Nevada to wager on individual sporting events in the U.S., a majority of sports gambling takes place between individuals or via Internet Web sites whose origins are offshore. Advocates of sports gambling argue it is a lucrative business that brings in billions of dollars of revenue, provides jobs, and offers consumers an opportunity for gain as well as a thrilling and even mesmerizing activity. As Headley (2007) notes, those individuals who support sports gambling often view it as a leisure activity where wise betting can payoff better than any kind of investment: “Many gamblers believe that gambling on sports will provide both an entertainment outlet and a way to work...
Words: 1013 - Pages: 5
...Internet Gambling Just Won’t Go Away! “I betcha”. We’ve all said it, starting back when we were little kids. “Betcha I can beat you to the end of the block”, or “Bet I can eat more hot dogs than you!” Even the dreaded “triple-dog-dare” is nothing but a thinly-veiled disguise on a bet to challenge your peer. Gambling has been around since the beginning of recorded time. The Bible spoke of “casting lots”, a precursor to dice; and, since gambling is centered in covetousness and greed (two very big no-no’s, according to the good book), there is a strong moral stance against gambling. But gambling has always been around. Gambling was a popular pastime in America, even before the colonies were united. Dice and cards were brought over by both the Dutch and the English. Lotteries have been said to have paid for the settlement of Virginia, and the establishment of storied schools like Yale and Harvard. Most of the colonies used a type of lottery to pay for defenses. One clever New Yorker even designed a lottery where the prize was marriageable ladies, who couldn’t find husbands. The system listed the women in descending order from beauties, through pretty girls, widows, agreeables, good conditioned, housewives, friskies, special breeders and saints of the first magnitude. Just about every country-seat in colonial America had a lottery wheel. A lottery wheel was as necessary as a jail and a courthouse. (Evening Impendent, 1963) Other types of gambling existed, such as cockfighting...
Words: 2858 - Pages: 12
...Ethics 5 October 2015 Internet Gambling Gambling has been a controversial topic in the United States going back and forth from the approval of gambling to prohibiting it. Currently some form of gambling is legal in all but two states, Utah and Hawaii. The revenues collected from gambling are much greater than those of the sum of revenues from theme parks, movie tickets, video games, and music recordings. As the Gambling industry continues to expand in growth and as technology continues to advance there is no doubt that the new types of technology are being used for gambling on the World Wide Web. Even though internet gambling is a relatively new sensation, it has shown to be the fastest growing form of gambling in the world and is an evolving field of research. The first online casino began in 1995, which was offering 18 different online games. The industry began growing so rapidly that about 30 million gamblers visited these internet sites in just the month of July in 2005. The discovery of internet gambling has significantly developed gambling, allowing people to place bets on a variety of different games and events without having to leave the comfort of their home. According to the American Gaming Association, almost 3,000 Internet gambling sites allow users to wager on casino games, sport’s events, poker, bingo, and many other games. It became so popular that it creates about thirty billion dollars in revenue each year. Internet gambling is legal in 85 counties excluding...
Words: 1153 - Pages: 5
...Ethical Problems of Gambling Mary Champion SOC120: Ethical of Gambling Instructor: Shana Goodson September 3, 2012 The Ethics of Gambling The ethics around the gambling issue, both theoretically and reality is amazingly complicated. In 1996, the legislature established a commission to analyze the betting debate, particularly its impact on The United States during the past two years. For two years, the commissioners organized resident events around the country to collect views from every section of society (McGowan, 2007). Does the harmful side effect of legalized gambling far out weight any positive aspects? Over the last decade, including the launch of the National Lottery as well as admission to internet casino, the development associated with betting has become remarkable. Because of this phenomenal progress certain critical issues has been presented. Such as even though, gambling do not exactly employ a great track record. Most often experts view it as an addiction. Furthermore, the betting activities done inside gambling places, for instance poker, live dealer online roulette, dice, black jack, and wagering devices like the slots are regard as genuine and lawful types of gambling in the majority of countries. Betting at the any kind of competitions is also one lawful form of gambling in some places. Whole towns as far back anyone can think have been created on this pastime; providing thousands of people a way of life, leisure time, and others...
Words: 1505 - Pages: 7
