...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 Bay Sands in Marina Bay, Singapore. LVS is hoping to increase their presence in Singapore and Japan as well. They are planning to open The Parisian Macau, another...
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...The government’s main argument for the casino is increased revenue leading to a boost in the economy. Currently, Singapore’s revenue comes from high tech electronics manufacturing, pharmaceuticals and finance. These industries are starting to slow. According to Reuters Singapore employment in the manufacturing sector has dropped 9% since 1990. In 2004, 14 per 1,000 were laid off in the manufacturing sector and 8.5 per 1,000 in the services sector. The government’s alternative has been to reverse a 4 decade ban on casino’s to help the Singapore economy. The majority of the focus in the long term is from tourism and the flow on effects of tourism such as hospitality, food, retail, taxi, conventions and aviation. The government fears that a steady decline in tourism is already happening. The Prime Minister in his ministerial statement on April 18 2005 said: “First, we are losing ground in tourism. Tourism in Asia is growing phenomenally, especially the traffic from China and India. Singapore’s tourist numbers are up too, but we see warning signs of problems ahead. Our market share is declining (from 8% in the Asia Pacific region in 1998 to 6% in 2002). Tourists are spending less time in Singapore. They used to stay an average of about 4 days in 1991, but now they stay only for 3 days. In contrast, on average, they are staying for about 4 days in Hong Kong, 5 days in London and almost a week in New York City. We are losing attractiveness as a tourist destination”. ...
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...countries starting to build casinos, the issue of whether it is benefited or harmful to the population has been brought into focus. Now it is commonly held that building casinos officially will trigger a lot of tragedies and social unrest, but I conceive differently. Not only can it bring many economic benefits, but also it can solve some social problems. The first reason contributing to the common opinion is that people have more chances to gamble and take great risks to get the opportunity to get rich in one fell swoop. As a result, they may lose their shirts then they are highly indebted. Even more, gamblers may engage in the activities of theft and robbery to get bookies. However, the serious consequences by addiction of gambling should not be justifiable reasons to stop governments to build casinos. It is a matter of individual unsteady will. If the thing which makes you addicted or has some risks and speculations should not be allowed, stocks, property markets and so on, likewise should be banned. Actually, people can realize that life is full of risks through gambling which is an early warning to life as long as you can handle it. Another argument from supporters of common opinion is that gambling occupies a part of labor force, which impacts on production and causes economic loss. Nonetheless, building casinos can increase new jobs for unemployed people, reducing the factors of social unrest, and can reduce national burden since domestic casinos prevent huge outflow of...
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...Case: Analyzing Casino Money-Handlingprocesses CASE: ANALYZING CASINO MONEY-HANDLINGPROCESSES QUESTIONS 1: Draw a diagram of the drop process. How long should it take to empty 300 silver dollar slot machines? The summary of the Drop process is as follows: No Categories Activity Unit Quantity Time consuming ( minutes ) 1 A Getting keys Lots 1 15 2 B Retrieving drop bucket 10’/slot 300 3,000 3 C Delivery & securing 30’/cart 15 450 • Note : - One cart is filled with bucket from 20 slot machines. So, 300 slot machine = 300/20= 15 cart The time the Drop process takes is thus as follows: = (15 min) + (3000 min) + (450 min) = 3,465 min = 57.65 hours The Diagram and pie chart for the Drop process is as follows: QUESTIONS 2: Draw a diagram of the hard count process. How long should this process take to complete for 300 silver dollar slot machines? Assume that each slot machine has an average of 750 silver dollars when it is emptied. The summary of the Hard count process is as follows: No Categories Activity Unit Quantity Time consuming ( minutes ) 1 A Weighting scale Lots 1 10 2 B Weighting & recording 7’/bucket 300 2,100 3 C Wrapped roll 1’/10roll 9,000 900 4 D Fill & stack to can 5’/can 225 1,250 5 E Weight/wrap report Lots 1 5 6 F Counting & verifying 2’/ can 225 450 Note: - Assume each roll is 25 pound, each bucket includes: 750 / 25 = 30 rolls. So, 300 buckets = 30 * 300 = 9,000 rolls. - In case , one can hold 40 rolls, so : 9,000 / 40 = 225...
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...Chen 12/11/12 Smoking and Casino Can you imagine what casinos will be like if on day there is a ban on smoking in casino? These days more and more people are against the smoking. Also, many places have been starting to prohibit smoking in public or semipublic, like school, mall, airport or restaurant. It is obvious that people pay regard to the question of smoking. People think smoking will affect our health. Admittedly, smoking is not good for couples of reasons, but not in a casino. Smoking in casinos should not be banned by three reasons. First of all, smoking should not be banned because casinos need customers. Undoubtedly, smoking is not good for people, but In fact there are lots of customers smoking. If casinos prohibit smoke, then casino must lost lots of money. In addition, casinos employees who work long time in casino will inhale secondhand smoke all the time. It is not fair to the employees. But in fact employees are here to serve customers with the best, they also get pay more than jobs which out of casinos, so they should sacrifice themself to inhale secondhand smoke. Second, smoking should not be banned because people who come to casinos for gambling need to be enjoyed and relaxed. Certainly, some people don’t feel good with the smell of smoking, or even they think inhaling the smoke is unhealthy. However, many customers flew a long way to Vegas for vocation; they wish they can have fun, be free and unrestrained. If casinos do not allow people smoke indoor...
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...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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...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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...Casino (1995) Postmodern Gangster Thriller A Universal Studios Film. Directed by Martin Scorsese. Written by Nicholas Pileggi and Martin Scorsese. Book by Nicholas Pileggi. Produced by Barbara De Fina. Cinematography by Robert Richardson. Edited by Thelma Schoonmaker. Casting by Ellen Lewis. Production Design by Dante Ferreti. Art Direction by Jack G. Taylor. Set Decoration by Rick Simpson. Costume Design by Rita Ryack and John Dunn. Running Time: 178 minutes. Cast: Robert De Niro (Sam “Ace” Rothstein), Sharon Stone (Ginger McKenna), Joe Pesci (Nicky Santoro), James Woods (Lester Diamond), Don Rickles (Billy Sherbert), Alan King (Andy Stone), Kevin Pollack (Phillip Green), L.Q. Jones (Dick Webb), Dick Smothers (Senator), Frank Vincent (Frank Marino), John Bloom (Don Ward), Pasquale Cajano (Remo Gaggi), Melissa Prophet (Jennifer Santoro), Bill Allison (John Nance), Vinny Vella (Artie Piscano) “This is a fictional story with fictional characters adapted from a true story.” This disclaimer which appears during the ending credits to Martin Scorsese’s 1995 film Casino seems to epitomize this Postmodern gangster film’s tenuous relationship to reality. Although based on the actual lives of gangsters Frank “Lefty” Rosenthal and Tony “The Ant” Spilotro, screenwriters Scorsese and Nicholas Pileggi opted to take enormous liberties with the historical data on the two men. The resulting disclaimer, confusing and seemingly selfcontradictory, reflects Postmodernism’s lack of faith in objective...
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...Opposing Casinos in Penang Over the recent years, gambling has been defined as wagering of something with value on the aftermath of an event governed by an unavoidable segment of prospect for a reward with capital value, Gainsbury et al (2006). In addition to that, Eaves (2001) defined gambling as: “A simple definition of gambling would be, desiring the possession or possessions of another (prize) the gambler creates a risk (that of losing his own possession) in an attempt through chance to gain the possession or possessions of another with nothing given in exchange… It may be five thousand or five dollars, it may be fifty cents or one cent — the principle is the same, only the amount differs”. During a gambling session, cash is commonly wagered and won or lost or each of two directly through cash transactions, or discursively through tokens, credits and chips which have capital value. All other forms of entertainment joints are drawn in provisions of revenue through the gambling industry. Based on Mizerski’s (2012) gambling theory, industries correlated with gambling are now operational in most of the countries in Asia as well as in Western countries. The gambling industry’s activities are wide and international in scope. The author also stated that the biggest area of user entertainment revenue is represented by legal gambling world-wide and it even dwarfs other modes of entertainment such as the theme parks, music and movies. Ndubisi et al (2012) contend that gambling...
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...Malaysian billionaire Lim Kok Thay said he wants to raise his stake in Australia’s Echo Entertainment Group Ltd., and invest in Japan and Macau casinos if licenses become available. Genting Hong Kong Ltd., one of the Asian gaming companies Lim controls, has applied to local regulators to increase its holding in the operator of Sydney’s only casino to above 10 percent and is now waiting for a decision, the executive said in an interview today in Kuala Lumpur. Echo shares rose the most in six weeks. “We are just patiently waiting” for regulators in New South Wales and Queensland states to make a decision, said Lim, Malaysia’s third-richest man according to the Bloomberg Billionaires Index. “My guess is it will go on for a while.” The Genting group of companies has been expanding abroad, from the Bahamas to Manila, amid restrictions on gaming back home in Muslim-majority Malaysia, where it operates the country’s only casino on a hilltop. Gambling is forbidden for Muslims in the Southeast Asian nation as it is considered unethical under Islam. Genting Malaysia Bhd., one of Lim’s five listed companies, will spend at least 3 billion ringgit ($937 million) over five years to upgrade the local resort, the 61-year-old Harvard University-educated businessman told reporters in Kuala Lumpur today. It will add 1,300 hotel rooms and spend 400 million ringgit transforming its theme park after signing a licensing agreement with Fox, he said. Echo Entertainment rose 2.7 percent...
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...Effects of Casinos Review of Literature The Effects of Casinos and the Gaming Industry: Their negative effects outweigh the benefits Fall 2011 With the rapid growth of permitted gambling in the United States, much debate has risen over the positive and negative impacts of the gaming industry and casinos upon our society. Very little research has been done in the past to assess the influences upon our communities and our citizens. However, more and more issues are surfacing that are inducing much concern. The longer these establishments exist in our communities, the more their damaging effects are being felt. Those who are investigating this subject are coming to a unified conclusion: Casinos and gambling have many negative effects, far more than the few benefits that they provide. This country has undergone a gambling boom over the last two decades, and this popular past-time activity is still on the rise with new casinos being built every year. Before 1978, there were no casinos outside of Nevada (Grinols, 2006). Today there is some form of legalized gambling in every state except two: Hawaii and Utah. (Kearney, 2005) Commercial casino revenues increased 266% from $8.7 billion in 1990 to $31.8 billion in 1999. (NGISCR, 1999) Commercial casino revenues were recorded at $37.5 billion in 2007. (AGA, 2011) Revenues were recorded at 34.6 billion in 2010 (AGA, 2011), a staggering amount even after the drastic economic decline our economy endured in the previous...
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...On December 17th at 9:00 p.m. one guest will win a vehicle. This portion of the promotion is an earned entries drawing (see “Internal Process Earned Entries”). Hot Seat Drawings December 15th – December 17th • Snoqualmie Casino will host a hot seat promotion for slots and table games where players will draw an ornament from a tree to win $500 up to $5,000 (see “Prize Details” below). There will be a total of 120 winners; 40 each day. One (1) random winner will be selected at each drawing. • There is no point requirement to win this portion of the promotion. • There will be a total of 65 ornaments on the gameboard for guests to choose from (see “Internal Process Slots and Table Games Drawings” below). • Each space on the gameboard for the ornaments will be numbered 1 – 65. • Guests will be instructed to call out the numbered spaced of their choice. The ornament in that space will be opened to reveal the guests prize. • When an ornament is drawn the prize will...
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...increasing. There is a need to focus on travel agents and on providing affordable bus trips for this audience. Should provide accommodations for those traveling via bus (lounge area while waiting for bus arrival, etc.) New focus likely to be on car traffic and some air travel for families, in addition to the bus traffic. Affordable air-fare packages for families might be a good idea. Enough parking space, free valet, etc. Or hotel buses for group-packages to/from airport. The transportation patterns are likely to be quite different and the need for parking, taxi service to/from airport. The distance from airport is important. Bus accommodations will play a factor in the strategy without the theme park. Step 3: Casino Operations Traditional operations of casino, such as gambling, restaurants, shopping, and security, etc. Focus more on adult-oriented entertainment (bars, etc.) to give...
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...HMT 420 Dr. Brown 09/22/14 Current Trends in the Casino Industry Twenty years ago, casino’s used things like restaurants, rooms, spas and entertainment as amenities that would drive the customer to the casino floor, where the “house edge” would kick in and the casinos would make their money. Yes, there was a small revenue stream coming out of the non-gaming amenities, but it was barely enough to get noticed, particularly when stacked up against the huge revenues that on-floor casino gaming. Today, non-gaming amenities have become, at least on the Las Vegas Strip, as much of a revenue generator as the casino. On the Strip today, it is common to see more casino’s making more from the non-gaming side of the business than from the on-floor casino gambling. No longer is betting a requirement for a casino to earn money from visitors. While the gambler is still the profit king, casinos have begun to recognize customers who don’t gamble but enjoy the other amenities, thereby contributing to the resort’s revenue stream. Recently, a new trend that is spreading throughout casinos have developed methods to track those customers who aren’t players by issuing them players club cards that are recognized in all the non-gaming areas of the hotel. From rooms to restaurants, spas to pools, customers can now get the same kind of credit for buying products and services that gamblers do for playing slots or tables. Casinos today want to recognize the customer with every interaction...
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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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