...ATLANTIC CITY A brief history: Atlantic City was a resort for a working class. With the opening of a railroad and a beautiful boardwalk it was booming town for 50 years. The city was always one-industry town completely dependent on tourists. But when prohibition ended in 1933, there was less reason to come here. Also after world war two things started to decline in terms of number. Atlantic City needed something to draw the crowds back, so in 1976, New Jersey passed a law allowing casinos here. And for a while, gambling worked. Casinos were salvation for the Atlantic City. For years, Atlantic City enjoyed a monopoly on gambling on the East Coast. But that salvation was temporary, in the mid2000s, the city’s luck turned along with the nation’s economy and gamblers abandoned Atlantic City. So what were the possible reasons of the fall of Atlantic City? Possible reasons of the fall of Atlantic City: The important factor contributing to the decline of the Atlantic City is the legalized gambling in surrounding states. At the beginning casinos were restricted to Atlantic City only gamblers had no choice but to travel from far and wide to come try their luck on the boardwalk. Pennsylvania legalized gambling in 2004, this event must be one of the biggest drains on Atlantic City in recent years. Why would New-Yorkers travel 130 miles to Atlantic City after long work week to gamble in Atlantic City when Las Vegas Sands Corp. Sands Casino in Bethlehem, Pennsylvania is...
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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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...5-forces model of the casino industry. Make sure you discuss each of the five forces in a separate paragraph or section 3 2. How are the gambling companies in Las Vegas responding to the changes in the industry structure and the increased competition . 21 3. How have the casinos in Atlantic City tried to compete with Las Vegas? What threats do they face . 23 Chen Huisheng 323945 Lin Weijie 324066 1.Develop a Porter 5-forces model of the casino industry. Make sure you discuss each of the five forces in a separate paragraph or section. For purposes of this case, we will define the casino industry as including full-service, diverse entertainment (i.e. traditional) casinos of Las Vegas and Atlantic City, and treat other gambling alternatives (e.g. Native American casinos, riverboat gambling, etc.) as substitutes. When discussing each of the five forces, be sure to consider each of the factors relevant to each of these five forces as we discussed in class. In terms of Porter’s 5 forces analysis, the bargaining power of suppliers is weak because of the fact that casinos basically provide their own services with internal resources, such as employees properly trained in various casino games. The bargaining power of customers is strong, especially because even a slight change in the demand for casino services could directly impact the revenues of the industry. The threat of new entrants is weak because of the fact that the establishment of a casino generally requires...
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...BUS 444 Case 1 – Fall 2015 The Casino Industry Due: TBD Source the internet for the following categories, “The Las Vegas Casino Industry, The Atlantic City Casino Industry, The Native American Casino Industry, The Riverboat Casino Industry, The Macao Casino Industry and The Singapore Casino Industry” and respond to the following questions: 1. Develop a Porter 5-forces model of the casino industry. Make sure you discuss each of the five forces in a separate paragraph or section. For purposes of this case, we will define the casino industry as including full-service, diverse entertainment (i.e. traditional) casinos of Las Vegas and Atlantic City, and treat other gambling alternatives (e.g. Native American casinos, riverboat gambling, etc.) as substitutes. When discussing each of the five forces, be sure to consider each of the factors relevant to each of these five forces as we discussed in class. 2. How are the gambling companies in Las Vegas responding to the changes in the industry structure and the increased competition? 3. How have the casinos in Atlantic City tried to compete with Las Vegas? What threats do they face? Grading Rubric: Question number one is worth 50% of your total grade. Questions number two and three are each worth 25% of the total grade. You must discuss all of the six casinos listed above for comparative purposes. Additionally, you are required to submit a written paper and a ppt., presentation. Each team member must be...
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...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 compared to its competition (Bingham, 2011). While financial stability has been a problem...
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...Creek Casino “The result of vision, dedication and a willingness to invest” In the words of our new mayor, Bryon Brown, “The City of Buffalo is on its way back”, with a new aspiration and a profitable future (Fink, 2008). Currently we have about 4.5 billion dollars worth of projects scheduled or under construction in the City but there remains one project that is considered the largest project for the City of Buffalo. That project being the Seneca Buffalo Creek Casino, which is being built in our Cobblestone District. The Seneca Buffalo Creek Casino project which is slated to be completed by the summer of 2010 has all the entertainment and fun value that is needed to attract a crowd of tourist and income for the growth of the City of Buffalo. Project Development The Seneca Buffalo Creek Casino is one of the third casinos placed in the Upstate New York Region created by the Seneca Gaming Corporation. The Seneca Gaming Corporation is said to be “one of the country's premier Native American casino operators” (Lycos, 2008). The Corporation was established in 2002 to open three casinos in the NY region which was the “Seneca Niagara Casino” and the sole purpose of the group is to oversee the “developing, constructing, leasing, operating, managing, maintaining, promoting, and financing” of all the Seneca Nation gaming offices (Seneca, 2008). Project Design The current design for the casino and hotel are being handled by the SOSH Architects of New York City, NY and...
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...people and made an attempt to take casinos beyond Nevada and New Jersey, which gave them the first mover advantage. The company segmented the market on the basis of their winnings and initiated communication with people who had won over a certain amount in jackpots. The company soon realized that this strategy brought them small amounts of gaming dollars even though it exponentially increased cross-market visitation. Their initial investment was towards a national database named Winner’s Information Network that allowed them to make decisions based on the data from tracking customers’ play. Post 1990 The industry wide competition increased after 1990 with the entrance of new players like Mirage and MGM. The new entrants took casinos beyond gambling by adding various different experiences. While Harrah was interested in building a similar environment for its customers, the capital investment for an existing company would be significant and could not be justified. Hence they decided to focus on their own core competency, which was customer loyalty. They also realized that while they had excellent technology and great operations they lacked effective marketing. Thus they focused on developing a more effective marketing strategy. In order to increase the customer loyalty they introduced ‘Total Gold Program’ in 1997. The program was intended to increase customer loyalty by giving customers enough reasons that think only about Harrah when they think casino. It had to be augmented with...
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...involve employees, but seem to focus more on disputes between management and unions rather than employee rights, which is what I originally thought the NLRB would be concerned. The first case I reviewed was Union-Tribune Publishing Co., and Graphic Communications Conference, International Brotherhood of Teamsters, Local 432M, Graphic Communications International Union, Case 21-CA-37535. This initially appeared to be a case involving termination of two employees after they failed a random drug and alcohol test, but turned to a case of failing to provide sufficient notice of testing policy changes and failure to allow for negotiation when changing the policy. The San Diego Union-Tribune is a newspaper publisher with union employees working in their packaging department. The most recent contract includes an agreement concerning when employees must submit to drug and alcohol testing. The situations triggering a test include any incident resulting in a cumulative trauma injury (CTI) among many others. A cumulative trauma injury is described as a repetitive injury occurring over a long period of time. Employees in the packaging department are subjected to loud noise produced by machinery in the room. Employees are given annual hearing tests to determine hearing loss. In the instance described in this case, two employees were identified as having suffered a measurable decline in hearing in one ear each. A few weeks later, the two...
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...The gambling industry attracts services, organizations and many businesses which offer gambling as a commercial activity. Including casinos, bookmakers gambling websites and the industry also includes associated entertainment and tourism services, marketing companies, lawmakers and regulators who have an important part in serving gaming activities to the public (1). The gambling has been a boon and bain in various countries across the world (2) Gambling in Europe majority of its countries legalized with gambling except France and Iceland where online casinos have been banned, but land-based casinos and other forms of gambling, such as bingo and sports betting, are considered acceptable. Moving on to gambling in America the state of Nevada is completely fine with all forms of gambling. (3) During fiscal year 2016, roughly $1.4 billion in taxes and fees were paid by Nevada hotel-casino operators. This included major contributions to Nevada's three largest sources of revenue: sales tax, property tax and gaming tax. Nevada hotel casinos account for nearly $1.4 billion, or around 42 percent of State General Fund revenues – more than...
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...Case 3 Harrah's Big Database Gamble 1. Analyze Harrah's using the competitive forces and value chain models. As the case points out, Harrah's is facing stiff competition. This competition is coming from traditional competitors (Las Vegas and Atlantic City), as well as from new entrants (riverboats and Indian reservations). Customers have many options in terms of how, when, and where they gamble. These same customers can elect to take a trip to the beach, as opposed to travel to a casino. When performing a value chain analysis, it appears that Harrah's is using its new business strategy to create a new service, enhance product penetration, and lock in its customers. Harrah's new information system is having a strategic impact on its operations, sales and marketing, and service activities. 2. Describe Harrah's business model and business strategy. How do they differ from those other gambling companies? Harrah's business strategy is a customer relationship management strategy. Essentially Harrah's is successfully competing by “knowing” its customers. Harrah's uses its technology to identify, track, and cultivate its profitable customers. Harrah's Total Rewards program allows Harrah's to gather important information about its customers, as well as reward its customers for the amount of time that they spend gambling at Harrah's casinos. Harrah's competition relies on fancy casinos, extravagant rooms, and entertainment. In contrast, Harrah's is getting to know its customers by studying...
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...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 put a few casinos in cities to get itself out of debt? The state and its $19 billion deficit going into fiscal year 2012 needs a solution and a solution fast. The California state Legislature is in Sacramento playing the slots...
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...Baltimore Ravens, he was drafted by them in 2008 as the 55th pick overall. Rice this season would have been going into his 7th season in the NFL as the best or one of the best running backs in the league, for sure top three, next to people like Matt Forte. Right now though he has been suspended indefinitely and was released by the Ravens due to a domestic violence charge that occurred between him and his wife who at the time was his fiancée. On February 15th Rice and then fiancée Palmer were both arrested in Atlantic City on simple assault charges after they had gotten into a fight at the Revel Casino. Then February 19th footage on behalf of TMZ had emerged showing Rice dragging palmer unconscious out of an elevator making the matter more serious to what they first had claimed to be a minor altercation. With all the public outcry going on regarding Rice the Baltimore Ravens organization supported the...
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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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...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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...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 rightly so) arises from the concern of criminal involvement. Because of the huge amount of cash involved, gambling is an attractive bait for criminals. The regulation of gambling is unusual because unlike any other industry, society regulates the gambling industry like no other business. Regardless of viewpoint, there is little doubt that gambling (which includes betting) is a very...
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