...University of Ballarat | Industry Analysis Report Gaming Industry in US | BUMKT 5922 Competitive Analysis Individual Assignment | | Carolina Dos Santos (ID: 30058334) | 9/4/2011 | Table of Contents 1. Executive Summary 3 2. Introduction 4 3. Marco Environmental Analysis 5 4. Industry Analysis 7 5. Strategic Options and Recommendations 10 6. References 13 7. Appendices 14 1. Executive Summary It is expected that US gaming will not be the world number one casino region in the world due to the rapid growth of other casino regions. With its long lasting history and reputation, it is still a very profitable industry because of its large domestic and foreign market share. The well known brand and large portion of market share maintain its global competitive advantage over competitors and substitutes. 2. Introduction Casino gambling becomes very popular around the world and it is one of the most common types of entertainment in US and many other countries. According to Investopedia, A casino has been defined as houses or accommodates that provide facilities for certain types of gambling activities. Casino is usually built in combine with hotels, restaurants, retail shopping and other tourist attractions. It also provides facilities for hosting live entertainment events and sporting events (Investopedia 2011). The industry has been growing very fast in the past few decades in relate to its size worldwide. It has a large impact to the...
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...Beyond the 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...
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...Tribal gaming started decades ago with something as simple as bingo night. Members of the Cheyenne tribe would have their bingo night in gymnasiums or community centers. Many casinos are on reservations for government reasons, such as no tax fee, but others are off reservations. Some individuals agree that the effects of tribal gaming are negative because crime rates have increased. Others disagree with that claim and say that the effects of tribal gaming are positive because employment, population in the reservation, and income has increased. The Cheyenne are not the only Native American tribe that own casinos. Most tribes own around four to six casinos, and have them in the same state. Tribal casinos increase the employment rate because...
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...Because it is difficult to measure the effects that casinos have in the economy, researches also indicate that casinos do not create value to the economies which casino gambling organizations suggest. It is argued that as casinos are constructed and expanded that this will result in an increase in production costs for the local industries, which by itself will cause them to become more vulnerable (Grinols, 2004). As previously mentioned, casinos offer a variety of services, and due to this, a conflict with local industries is generated. SEARCH EXAMPLE. Secondly, even though there is research that suggests that casino infrastructures increase job opportunities in a variety of areas, some research rebuts this assumption. According to research conducted by Robert Goodman, casinos may actually do the opposite than create employment within a region, which would be to replace residents and local labour. Additionally, he suggests that implementation of new casinos leads to almost indifferent spill over effect (Goodman, 1994). Prior to this, when casino infrastructures are built, there is high probability that labour that is to employed will be skilled from other regions other than the local community. This being said, it is suggested as well that casinos do not create any sort of increase in...
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...Analysis of the Agglomeration Effects in Las Vegas Table of Contents Introduction 3 Motivation 3 Background and History 3 Las Vegas Strip Today 6 Location Quotient of Las Vegas 7 Development Phases of Las Vegas 8 The First Wave of Development 9 Supply-side Factors 9 Demand-side Factors 10 The Second Wave of Development 11 Demand-side Factors 11 Supply-side Factors 13 Summary of Development Phases 14 Comparing Macau with Las Vegas 15 Lessons Learnt For Singapore 17 Conclusion 18 Bibliography 19 Introduction Motivation Over the years, Las Vegas has developed itself into a city housing mega-resorts and massive entertainment providers. More specifically, Las Vegas Strip, which is a 6.8 kilometer long highway leading from Los Angeles into Las Vegas, has seen a conglomeration effect with many large hotels, casinos and resort properties congregating there. Nineteen of the world’s twenty-five largest hotel by room count are on the Strip, with a total of over 67,000 rooms. In this paper, we are interested in studying the agglomeration trends of the mega-resorts in Las Vegas, understanding the reason and benefits of concentration. Next, we attempt to analyze difference between Las Vegas and Macau, the 2 gaming giants of the world. Lastly, we will extend these lessons learnt to two upcoming integrated resorts in Singapore. Background and History A mega-resort (or known as an integrated resort locally) is a casino based vacation resort which...
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...Native American Gaming in the U.S. Sarah E. Wall TM 378 University of Southern Mississippi The casino industry is a large industry in the U.S. According to Business Insider, the gaming industry in the U.S. is worth over $240 billion dollars (Pierceall, 2014). In 2013, it employed nearly 1.7 million people (Pierceall, 2014). Gaming, gambling, is what the casino industry is made of. Gambling is to make a prediction of an uncertain outcome and the back the decision with money (Hashimoto & Fenich, 2007). Gaming was a tradition amongst the Native Americans long before the arrival of Christopher Columbus. Native American Gaming is still a huge part of gaming in the U.S. today. History of Native American Gaming: Long before the ships of Columbus brought playing cards to North America, the indigenous people engaged in gambling activities (“Native American Gaming”, n.d.). According to History of Native American Gaming, 2009: “Gaming is not new to Native Americans. In fact, it has been a part of our culture since the beginning of time.” Stewart Culin’s Games of North America Indians classifies the hundreds of Native games into two categories. These categories include (“Native American Gaming, n.d.): 1) Games of chance, including dice games and guessing games 2) Games of dexterity, encompassing archery, javelin and darts, shooting, ball games, and racing games These categories were found among all of the North American tribes when the Europeans invaded the North...
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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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...322 Week 1 Individual Assignment United States Gaming Industry Worksheet HM 322 Week 1 DQ 1 HM 322 Week 1 DQ 2 HM 322 Week 2 Individual Assignment Effects of Gaming on Society Paper HM 322 Week 2 DQ 1 HM 322 Week 3 Individual Assignment Staffing a Casino HM 322 Week 3 Individual Assignment Economic Impact of Gaming Enterprises Presentation HM 322 Week 3 DQ 1 HM 322 Week 4 Individual Assignment Regulation and Ethical Issues in the Gaming Industry Paper HM 322 Week 4 DQ 1 HM 322 Week 5 Individual Assignment Baderman Island Casino Development Paper HM 322 Week 5 DQ 1 ----------------------------------------------------------- HM 322 Week 1 DQ 1 For more course tutorials visit www.tutorialrank.com Class, In the article, "Two Studies show disparate triggers for gambling" argue that the closer you are to living by a casino the more likely you are to become a problem gambler. My first thought was that the article does not address the inner motivations and relying on a geographic location seems like an obvious answer. What are your thoughts? Do you think in general that proximity to things makes you do those activities. Could we make the same argument for someone who lives near the ocean would become a compulsive surfer? Is there a better way to identify triggers? How might one recognize a problem gambling triggers even if they were not close to a casino, because nowadays all you have to be close to...
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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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...Week 1 Individual Assignment United States Gaming Industry Worksheet HM 322 Week 1 DQ 1 HM 322 Week 1 DQ 2 HM 322 Week 2 Individual Assignment Effects of Gaming on Society Paper HM 322 Week 2 DQ 1 HM 322 Week 3 Individual Assignment Staffing a Casino HM 322 Week 3 Individual Assignment Economic Impact of Gaming Enterprises Presentation HM 322 Week 3 DQ 1 HM 322 Week 4 Individual Assignment Regulation and Ethical Issues in the Gaming Industry Paper HM 322 Week 4 DQ 1 HM 322 Week 5 Individual Assignment Baderman Island Casino Development Paper HM 322 Week 5 DQ 1 --------------------------------------------------------------- HM 322 Week 1 DQ 1 For more course tutorials visit www.tutorialrank.com Class, In the article, "Two Studies show disparate triggers for gambling" argue that the closer you are to living by a casino the more likely you are to become a problem gambler. My first thought was that the article does not address the inner motivations and relying on a geographic location seems like an obvious answer. What are your thoughts? Do you think in general that proximity to things makes you do those activities. Could we make the same argument for someone who lives near the ocean would become a compulsive surfer? Is there a better way to identify triggers? How might one recognize a problem gambling triggers even if they were not close to a casino, because nowadays all you have to be close...
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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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...Economic Impact of a Casino in Wyandotte County, Kansas It is estimated that more than a quarter of the U.S. adult population, 56 million people, visit casinos annually. Making over 371 million trips to casinos, Americans spend $30 billion each year in these facilities. Casinos also employ over 360,000 people and contribute more than $5.2 billion annually in direct gaming taxes to state and local governments. Casinos are favored by politicians for several reasons; gaming taxation being one of the main reasons. Casino revenue is taxed at a much higher rate than other types of businesses. However, the economic impact of casinos is dependent on the location and surrounding population base. Casino spending displaces spending that would occur elsewhere in the local economy. [pic] The purpose of this study is to evaluate the cost and benefits of the impact of a destination casino resort in Wyandotte County, Kansas. There are several proposals in the mix for building this facility near the Kansas Speedway, Cabela’s, and the Legends Shopping Center. In an article in the KansasCityKansan.com on Wednesday, March 19, 2008, it was reported that one of the groups who has a proposal for the casino, Sands Kansas, LLC, is hosting a job fair long before they have received final approval from the Kansas Lottery Commission. This group is proving that they are serious about their proposal and are going to great lengths to engage women and minorities. We will evaluate...
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...Thesis At no time did the gaming companies’ commitment to Mississippi prove more vital than following Hurricane Katrina. When the storm hit in August 2005, the Mississippi casinos were forced to shut their doors. Instead of abandoning Mississippi, everyone worked excitedly to restore properties, place employees back to work and bring tourists back to Mississippi’s area. In the eyes of many, the financial impact is obvious by the capital investments and the thousands of jobs created, the quality of life has been improved by the growth and additions of other tourism-related businesses such as restaurants, outdoor recreation, small hotels, museums and festivals. Casino executives have made Mississippi their home and provided extensive community leadership, and millions of dollars have been donated by the industry to local social, educational, cultural, community and economic development organizations. Positive impacts and progress that did not exist for this region just two decades ago, now exists today. (Challenges to Mississippi Gaming Development since Katrina, 2010). Main point 1: I. Gaming Growth in Mississippi Sub-point 1: A. Permitting and Approvals Sub-point 2: B. Financing Main point 2: II. Economic Growth Sub-point 1: A. Catastrophic Natural Disasters Sub-point 2: B. Redevelopment of Mississippi Main point 3: III. Mississippi Gulf Coast Casinos Sub-point 1: A. Tourist Attractions Sub-point 2: B. Positive Impacts and Progress Conclusion ...
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...Macau Economy Macau’s booming tourism and casino industry has been inviting foreign investments which have helped it in becoming one of the renowned gaming centers of the world. In 2006, the revenue earned from gaming in Macau surpassed that of Las Vegas, and all taxes associated with gaming amounted to almost 75% of government revenue. The relaxation of travel restrictions coupled with the growth in the gaming segment resulted in nearly 27 million travelers visiting China in 2007, an increase of almost 62% over the preceding three years. Macau’s traditional textile industry has gradually shifted base to China due to termination of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement (CEPA) signed between Macau and China allows tariff free movement of goods from Macau to mainland China. Pataca, the currency of Macau is closely connected with Hong Kong dollar and is freely accepted in Honk Kong. Economic activities of Macau Services activities dominated by tourism and gambling contribute nearly 96% towards its GDP (gross domestic product). Wholesale and retail trade, financial services, construction, and transport and communications are the other tertiary sector activities. The industrial sector is dominated by electronics, footwear, textiles and toy manufacturing facilities. Industries or secondary economic activities constitute almost 4% of GDP. The contribution of agriculture to Macau’s economy is negligible. With only 2% of total area...
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...Macau Economy Macau’s booming tourism and casino industry has been inviting foreign investments which have helped it in becoming one of the renowned gaming centers of the world. In 2006, the revenue earned from gaming in Macau surpassed that of Las Vegas, and all taxes associated with gaming amounted to almost 75% of government revenue. The relaxation of travel restrictions coupled with the growth in the gaming segment resulted in nearly 27 million travelers visiting China in 2007, an increase of almost 62% over the preceding three years. Macau’s traditional textile industry has gradually shifted base to China due to termination of the Multi-Fiber Agreement in 2005. The Closer Economic Partnership Agreement (CEPA) signed between Macau and China allows tariff free movement of goods from Macau to mainland China. Pataca, the currency of Macau is closely connected with Hong Kong dollar and is freely accepted in Honk Kong. Economic activities of Macau Services activities dominated by tourism and gambling contribute nearly 96% towards its GDP (gross domestic product). Wholesale and retail trade, financial services, construction, and transport and communications are the other tertiary sector activities. The industrial sector is dominated by electronics, footwear, textiles and toy manufacturing facilities. Industries or secondary economic activities constitute almost 4% of GDP. The contribution of agriculture to Macau’s economy is negligible. With only 2% of total area...
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