... 11/17/11 Legalize Gambling in California People don’t like gambling until they win, and people love money. The government doesn’t like gambling, unless they can tax it. People think of gambling and automatically like a trained gambler think of Las Vegas or Atlantic City. Gambling has been in America’s blood since before we were a country. All thirteen original colonies established lotteries to raise revenue. 48 states today that have legalized some form of gambling and have made billions of dollars. 43% of Nevada’s general fund is fed by gaming-tax revenue, which means casinos pump in $9 billion dollars of revenue annually for the state. California is no stranger to gambling, the Gold Rush set off a gambling boom in San Francisco where it replaced New Orleans as the center for gambling in the United States at that time. California must legalize gambling to raise revenue for its state deficit and to put that money back into its communities. California has always set new standards and exceeds expectations with its impractical views, but gambling has been left in gold dust. With billions of dollars to be made for the state, legalizing gambling in California and taxing it seems to be a more practical idea than to keep it illegal. With Indian gaming casinos and lotteries already here and flourishing, why wouldn’t California...
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...Comparative analysis of the gambling industry in India & the United States of America (USA). Study @ New York University. By: Anupam Sabat, 3C BBA Amity International Business School, Noida. Acknowledgement At the onset, I would like to thank our esteemed faculty at Amity International Business School, Prof. Dr. Arun Sacher, for his encouraging words and his guidance. It was really he who constantly motivated us & pushed us to our limits & in the process, helped us realize & scale newer & higher peaks. He constantly challenged us to strive for excellence & in doing so, enabled us to perform to the best of our abilities. INTRODUCTION Gambling is one of the oldest industries in the world. According to the UK Gambling Act 2005, betting or gambling means ‘the making or accepting of a bet on the outcome of a race, competition or other event or process; the likelihood of anything occurring or not occurring; or whether anything is or is not.’ It is regarded by some as a vice and sinful activity which corrupts the society. Others view gambling as a harmless form of entertainment (I, personally, believe in the latter notion). Some also look at it in economic terms. Legalized casino gambling, be it in Las Vegas, London and/or Macau rose out of the desire for economic stimulus. Overall, society has taken a cautious view of gambling. Only limited types of games are legalized. The reason for gambling being heavily regulated (and...
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...in the United States Gambling has been a popular activity in the United States from the 1600’s to the present day United States. As gambling grows as a worldwide enterprise, it expands the United States with the opportunities it provides and the attention it consumes. Gambling as a whole benefits different recreational activities and events such as sports. Gambling also allows people visiting places like Las Vegas to enjoy playing poker with friends and even winning money after a game of poker or Slot Machine. Gambling allows many activities to be expanded to their full potential and offer people the full American experience. The legalization of gambling is rising in all parts of the United States, although...
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...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 years. With the ever-increasing popularity and access to these structures, increases in the negative impacts are being felt. Gambling addictions and pathological...
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...attention is sweeping across America. This addiction is having a major impact on the college campuses across our nation. The executive director of the N.C.A.A., Cedric W. Demsey, in his 1997 State of the Association address called gambling the most serious threat facing intercollegiate athletics(Naughton A52). At the heart of the gambling problem on college campuses is college sports gambling. Gambling on college sports has two major impacts. First, gambling on sports just like casino gambling is addictive. Secondly, gambling on college sports has hurt the integrity of college athletics. Because gambling on college sports is causing negative consequences for college students, athletes, and athletic games, the U.S. government should ban all gambling on college sports, and steps should be taken to decrease the prevalence of illegal and Internet gambling on college campuses. On March 19, 1931, the Nevada state government voted to legalize gambling. At this time no one had ever heard of the term, sports book . It would be some forty years later before the first sports book would open up in Las Vegas. The Union Plaza Hotel in downtown Las Vegas opened the first casino sports book in 1975. A sports book is a place where a bet can be made on a sporting event. Nevada is the only state where a person can bet on an individual game or sporting event legally. A person can bet on almost every professional sport, along with some collegiate sports, which mainly consist of men s basketball and football...
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...such as the Venetian retail mall, and its Shoppes at the Palazzo in order to remain compliance with its credit covenants. With this said, there are now in the position to return to profitable operations with its Asian pipeline and its new development project in Europe with the assumption that upon completing these projects it will generate enough revenue to get rid of all their debts. In addition, to their debt issues are the ongoing lawsuits that have brought a threat from government officials questioning how the company conducts its domestic and foreign operations. This is an issue of growing importance especially, for firms competing on a more global basis and have significant profit margins associated with intellectual property in this case it would be in the best interest of the company to play by the rules in order to avoid any disciplinary actions that can jeopardize their license or sub-concession in those countries they operate in. Overall the company has repeatedly demonstrated their ability...
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...Legalizing Gambling: Is It Worth The Risk? Money. It is what drives most of us, and it’s no secret that the state of Hawaii is desperate for it. I saw on the news a few weeks ago the mayor’s big plan to 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...
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...the surface, this November's Ballot Measure 44 is simplicity itself. The measure will increase taxes on cigarettes by 30 cents per pack, as well as on other tobacco products, and the revenue raised will be dedicated to the Oregon Health Plan and tobacco use reduction programs. What could be more straightforward? However, the measure raises a host of interesting issues that voters should weigh prior to casting their votes. Most important, of course, is the core of the measure, its purpose: to raise money for the Oregon Health Plan, ostensibly to offset costs the plan incurs from smoking-related illnesses. State revenue estimators understand that anytime you raise the tax on something, you will get less of it. This is certainly true in the case of Ballot Measure 44 and its effect on cigarette smoking. In fact, the State Legislative Revenue Office estimates that cigarette use will decline about 4.5 percent due to the increased taxation. In a series of four steps over the past 17 years, Oregon has raised the tax on cigarettes from 9 cents per pack to the current 38 cents. Each of these tax increases represented a smaller amount per pack than Measure 44's 30 cents. In every instance, tobacco use has fallen by more than the current projection of 4.5 percent. In fact, tobacco use fell an average of almost 9 percent--twice the state's estimate--after those four cigarette tax increases. The typical pattern is for cigarette smoking to fall dramatically in the year immediately following...
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...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. They gambled their stakes on the outcome that depended on chance only. Eventually the same type of chance-based dealings grew into their every-day life. Gambling grew out of religious rituals into a separate activity, which helped with the decision making process like who will get a better piece of a killed prey or get himself a better looking woman. The final step in that evolution...
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...Assignment Two: Crown (Casino Operations) Issue One: The chosen organisation is Crown, with our team’s focus specifically on casino operations in the High End and Mass Market segments to allow a more detailed analysis of the marketing mix and future direction of the brand. Crown has a strong value proposition, highlighted as the Asia Pacific leader in integrated gaming, entertainment and resort facilities, with gaming operations in a broad and highly lucrative market segment both within Australia and overseas. In Australia alone, over 70% of age appropriate citizens participate in some form of gambling activity in a market worth over $20 billion annually (Australian Productivity Commission Report on Gambling – 2010). According to the same APC report, casino gaming now makes up over 20% of the total gambling market and the use of poker machines in both casino and club environments has increased from 29% to 55% of spend in the last 20 years. Whilst a strong customer centric approach is essential for Crown to secure market share and build long term, loyalty based relationships with customers, the business also represents an example of both product and market orientation in its approach. The product orientation is indicated through Crown’s continuous development of table games and customer service programs, with the market orientation indicated through Crown’s detailed understanding of customer needs across its target markets (VIP, High End & Mass Market) and its delivery...
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...Casino Floor: Economic Impacts of the Commercial Casino Industry I. Overview The commercial casino industry in the U.S. has without question undergone significant growth over the last 25 years. During this time, the industry has gone from operating only in Nevada and Atlantic City, New Jersey to operating 566 casinos in 22 states in 2010. Coinciding with this growth, large portions of the industry have also undergone an evolutionary shift that has led to an increased emphasis being placed on a wide range of entertainment and recreational options beyond the casino floor. Despite considerable evidence substantiating this evolutionary change in the commercial casino marketplace, in the popular mind the casino industry remains largely about gambling. There is a perception that people travel to casinos mainly to spend some money gambling and then return home. In this simplified view, the money they spend pays for the facilities they visit and the salaries of the employees with whom they interact. This view is, however, incomplete. In reality, this perception discounts how increasingly complex modern casinos in the U.S. have become, and how large and far-reaching a role they now play in the American economy. This study, conducted by the Brattle Group for the American Gaming Association (AGA), uncovers several key findings about the U.S. commercial casino industry: • Based on direct, indirect and induced impacts, the commercial casino industry supported approximately $125...
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...A Survey of Electronic Cash, Electronic Banking and Internet Gaming 1 2 TABLE OF CONTENTS PREFACE ..........................................................................................................................5 FOREWORD ..........................................................................................................................7 INTRODUCTION ............................................................................................................... 11 ELECTRONIC CASH .......................................................................................................... 15 INTRODUCTION ................................................................................................... SMART CARDS/STORED VALUE CARDS........................................................ The Basics ..................................................................................................... Stored-Value Card Issuers ............................................................................ COMPUTER E-CASH ............................................................................................ The Basics ..................................................................................................... E-Cash Issuers ............................................................................................... REGULATORY POLICY ......................................................................................... SUMMARY OF ELECTRONIC CASH...
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...MGMT 102 Strategy Las Vegas Sands A Company and Industry Analysis Submitted by: Adhitya Christian Martin (G3525406X) Chye Hui Lin (S8734971C) Darren Chng Meng Hoe (S8509392D) Jasmin Hamdani Ham (G3529740K) Karina Ondang (G0638741T) Liu Fang (G3529124K) Louis Lim Wei Chun (S8416257D) * Contents Executive Summary | 1 | Company Overview | 2 | External Environment | 2 | Internal Environment | 4 | Acquisitions, Restructuring and Cooperative Strategies | 6 | Business-Level Strategy of Las Vegas Sands in the U.S. | 6 | Corporate- Level Strategy of Las Vegas Sands in the U.S. | 11 | International Business-Level Strategy of Las Vegas Sands | | Macau | 14 | Singapore | 17 | Bibliography | i | Appendix | iv | * Executive Summary Las Vegas Sands is a hotel, gaming and resort development company which operates in many countries worldwide. It has 3 significant establishments; The Venetian and The Palazzo in United States, The Venetian Macao in Macau and Marina Bay Sands in Singapore. The company places strong focus on their code of conduct and ethical behavior of their employees. The company has both tangible and intangible resources. Their capabilities include excellent management of operations and human resources, specifically tailored offerings to the Asian market, the MICE business and Eco 360 cost savings initiative. We have identified their core competencies to be in MICE, the Eco 360 program, its Paiza Club which...
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...1945, Bill Wright, a Pattwin Indian, was sent to the Steward Indian school in Nevada when he was 6 years old. Wright was bathed in kerosene and had his head shaved. Students at federal boarding schools were forbidden to express their culture. This ranged from wearing long hair to speaking their language. He stated that, “He had not only lost his language, but also his American Indian name.” According to Tsuanina Lomawauma, head of the American Indian Studies Program at the University of Arizona, the intent was to completely transform the people, inside and out. “Language, religion, family structure, economics, the way you are making a living, the way you express emotion, everything.” (American Boarding Schools 2008). The idea of these federal schooling systems was to keep the communities pacified with their children held in a school someplace far away. In Canada, the residential school system was designed to “take the Indian out of the child” was to be a noteworthy accomplishment by the government. Throughout these Canadian schools, siblings were often separated, Indian languages were forbidden (if spoken needles would be inserted through tongues) so they would learn English and French and forget their cultural language. They were not permitted to practice their traditional religious beliefs and cultural beliefs (learn to become Christian). Many as 50,000 children died in residential schools, in many cases, their parents were never told. The shattering impact of residential schools...
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...Journal of Revenue and Pricing Management Volume 2 Number 3 FUTURE OF REVENUE MANAGEMENT The future of pricing in services Stowe Shoemaker Received (in revised form): 2nd July, 2003 William F. Harrah College of Hotel Administration, University of Nevada, Las Vegas, 4505 Maryland Parkway, Mail Drop 6037, Las Vegas, NV 89154-6037, USA Tel: +1 702 895 1794; Fax: +1 702 895 1135; E-mail: stowe1202@aol.com Stowe Shoemaker is an associate professor at the William F. Harrah College of Hotel Administration at the University of Nevada, Las Vegas. He holds a PhD from Cornell University in the School of Hotel Administration, an MS from the University of Massachusetts and a BS from the University of Vermont. Stowe also teaches strategic pricing and customer relationship management for Cornell University’s Professional Development Program. Stowe is ` a visiting professor at Ecole Hoteliere de Lausanne for autumn 2003. way of thinking about the history of pricing strategies — from one price for all to the current practice of revenue management and finally to the future of pricing — value pricing. Fourthly, the paper presents a way of thinking about value. Specifically, it shows that value is more than just the financial elements of the service. Finally, ways of changing the value perception in order to earn higher revenues are presented. This last section presents actual research showing that changes in the way prices are framed can increase revenue and loyalty. WHY LOYALTY IS IMPORTANT...
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