The Business of Gambling

Paper Summary:

This research paper studies China, casinos and risk management in order to reach conclusions as to whether casino gambling makes economic sense in Macau, as well as what can and should be done to make this enterprise more profitable. The paper explains that the main focus of the study is on the risk management issue and then outlines the proposed methodology and limitations of the study.

Outline:
Introduction
Review of Related Literature
Methodology

From the Paper:

"Reviewing the literature is one of the most important parts of any study, because it helps to indicate what has happened in the past and therefore gives indications as to what is going on in the present and what will likely happen in the future. It can also help to show areas of the research that have not been studied enough and this gives researchers an idea as to what else must be looked into and dealt with in the future. Many individuals that work specifically in the area of risk management find that companies are only hurting themselves when they do not take the time, effort, and financial consideration to create a business plan and fully understand the technology that they need and should have (Davies & Walters, 1998)."

Sample of Sources Used:

• Connolly, T. (2004). Computer security and risky computing practices: a rational choice perspective. Journal of Organizational and End User Computing.
• Davies, Hilary, & Walters, Megan. (1998). Do all crises have to become disasters? Risk and risk mitigation, property Management Volume 16 - Number 1: 5-9.
• MacSweeney, Greg. (2003). Redefining BC best practices: almost two years after the 9/11 attacks, experts say a sound business continuity plan relies on testing, testing ... and more testing. Insurance & Technology: 14-18.

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• Descriptive Essay # 119270 : "The City of Las Vegas"
• Essay # 90468 : "E-Business and Gambling "
• Book Review # 67572 : "Doing Business with China"

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