Abstract This paper explains that, having been between legal and illegal for part of its existence and, at times, closely connected to the Mafia, lately, the image of the casino gamblingindustry has changed, combining gambling with entertainment and unusual architecture to attract larger numbers of consumers. The author points out that the amount of money people spend on a trip to Vegas or a simple evening in a casino is directly related to the income level of the population; therefore, the economic component of the market has the greatest impact on the casino gamblingindustry. The paper relates that an important target market is professional gamblers, who are generally rich or very rich persons, who regularly spend large amounts of money at the tables, who enjoy luxurious treatment, and who are most likely to go to the casinos at Monte Carlo rather than Los Vegas.
Table of Contents
The Macro-Environment
Marketing Objectives
The Casino GamblingIndustry Target Market
The Marketing Mix
Place
Promotion
Price
Product
Conclusion
From the Paper "The demographic component does not actually affect the casino gambling industry. Perhaps only in terms of an ascendant trend in population growth, which would mean a higher probability that people may go gambling. Another opportunity, however, is provided by an increase of families. I am asserting this because, in the last years at least, it is ever more often that family groups go to cities like Vegas or Atlantic City and spend an amount of money on gambling. As for the geographical distribution, referring here to a urban or rural distribution, it is often the case that urban people gamble more in casinos than rural dwellers. As such, an increase in the number of people who live in the city will certainly be considered an opportunity."
Abstract This paper shows that gambling is a legitimate industry, using the 'bathtub model,' and analyzes its ultimate effects with input-output modeling. It investigates government regulation of the industry and analyzes its effects and the necessity of regulation, also examining moral and legal objections. The paper is well researched and relies heavily on expert opinion to prove the viability of the gaming industry.
From the Paper "People have had demand for the act of gambling (as well as aversion to it) for many ages. The distant past held gambling in the esteem of being communication from the gods, in whose eyes a lucky gambler held favor (Encarta 2002). Not much has changed, as people still recognize the exceptionality of 'beating the odds,' and the foolishness of expending too many resources in attempt to do so. By nature, the act adversely affects many personal finances; the industry, into which it has developed in modern day America, though, should not be so simply evaluated. This paper will explore the gaming industry's value by questioning its role in the American economy."
Tags: bathtub, berlin, economics, economy, frey, gambling, gazel, industry, model
Abstract The paper discusses the overall characteristics of e-commerce and relates e-commerce to the gamblingindustry. More specifically, the paper examines the relationship between e-commerce and online gambling and the impact that e-commerce has had on essentially creating this industry segment. The consumer profile is examined for this industry and future predictions for the industry are made relative to e-commerce influences.
From the Paper "Corporations the world over have utilized e-business or some aspect of electronic commerce (e-commerce) to either act as their sole business model or to enhance the productive performance in some way of their existing traditional business models. E-commerce might be considered as a type of business transaction where the parties to the transaction conduct their commerce electronically where electronically has come to be associated primarily with the Internet (Epstein, 2004, pp.17-24). Yet, technically speaking, e-commerce could just as well be considered to be transacted by phone, fax, or other electronic form of media."
Abstract The paper explains that given the scope of this industry, its attractive profitability and its growing international acceptance, it is clear that the online gamblingindustry will continue to be a fixture within the global economy. However, recent politically motivated regulatory moves in the United States has brought the industry to the national consciousness and made its regulation, if not its outright banning, the intent of the federal government.
From the Paper "The online gambling segment is already a $3+ billion industry and growing exponentially: "The amount gambled on poker websites around the world in 2005 is estimated to be more than USD 60 billion...- 75% of the industry experts surveyed believe that the global annual rake/commission in the 2-3 years will be more than USD 4 billion" (Online par.1)."
Abstract This research paper examines the issue of online gambling in North America. Specific attention is paid to the technological underpinnings necessary to operate an Internet gambling site, the overall demand for gambling driving the rise in the number of such sites and the fact that operating such a site is illegal both in the U.S. and Canada. This legal barrier unfortunately renders the question of how much revenues will grow in North America moot.
Abstract This report deals with how the gaming and entertainment industry affects Las Vegas in terms of structure. The report looks at issues of urban structure, consumption, culture, and economy to look at the ways in which this city operates and has operated in the past, in terms of changes that have been taking place in Las Vegas, the role of the worker, the target of tourism, and other attendant issues. The report
also explores the relationship between consumption and cities in post-war and contemporary America, because these are the two main epochs of the growth of Las Vegas' structure via the gaming and entertainment industry.
From the Paper "Aside from showing how this industry contributes to Las Vegas' structure, this report will also look at elements of the commodity city and the landscape as it is organized around consumer desires, particularly in terms of the recent Wynn developments in the city being commodity spectacles. The report will also look at Las Vegas as a place of consumption, focusing on economic factors which again link the
gaming and entertainment industry to Las Vegas as a city in terms of its essential structure. "
Abstract The paper explains the process of money laundering and focuses on the drug trafficking and illegal gamblingindustries. The paper then explores the relationship between illegal drug trade and gambling and shows how casinos have been used as ways for drug traffickers to launder money. The paper points out the limitations in prosecutors' ability to prove one is engaged in money laundering as well as the Internet and technology that make it increasingly difficult to regulate financial transactions. The paper concludes that despite these limitations, the focus on money laundering remains one of the most effective ways to curtail both the drug trade and illegal gambling.
Outline:
What is money laundering?
Drug Money Laundering
Money Laundering: Illegal Gambling Relationship between Illegal Drugs and Gambling Changes in the Law
From the Paper "The usual process of laundering drug money entails three basic steps. The first stage involves depositing the drug proceeds into clandestine domestic and foreign financial institutions that do not seem obviously illegal. Sometimes the profits are broken up into small amounts, usually less than $10,000 to avoid currency reporting requirements or through creating sham companies, casinos, wire transfer companies, or simply smuggling the currency out of the United States in suitcases or concealing the cash in some other manner (Zagaris & Ehlers 2003). In the case of a pseudoephedrine smuggling ring an airline employee was recruited at O'Hare airport in Chicago to help smuggle drug-derived cash outside of the United States, sometimes stuffing the bills in empty cereal boxes that were packed in a suitcase ("Cash Smuggling Case at O'Hare Airport," U.S. Drug Administration Press Release, 2004)."
Abstract The paper focuses on the regulatory framework for Internet gambling in order to determine if there exists an optimal solution to regulating versus banning gambling on the Internet. The paper reveals that, although Internet gambling is seen as a social cost, regulated Internet gambling could be a viable source of tax revenue for many states.
From the Paper "As technological advances increase and the world becomes more interconnected, the framework of gambling has begun to change. The prevalence of internet gambling is astounding, and provides elements that were absent in conventional gambling arenas (Rose 134). However, as this trend continues, there are some very important questions to be answered. How is internet gambling regulated, in wake of the fact that this is done via the web? How is State revenue affected by these non-state gambling operations?"
This paper explores how the tragic events of 9-11-01 and economic downturn effected, both negatively and positively, the gaming (casino gambling) industry which is big business in the United States.
Abstract This paper states that, immediately after September 11, the negative impact of that day's horrible terrorist attacks was felt in the gaming industry especially in casinos that are dependent on air travel which decreased markedly. The author feels that, even during tough economic times, Americans tend to gamble more. The paper cites various stock analysis reports that are favorable to the industry.
From the Paper "Newer, alternative destinations for casinos, however, have helped other gaming industry companies. Slot machine companies like International Game Technology (IGT) have prospered since September 11. As Christopher Palmeri writes, ?Tough economic times often prompt states to seek new sources of revenue, such as casinos. The 1970s brought Atlantic City, and the early 1990s saw riverboat gambling spread in the Midwest. Casino gambling is now being considered in eight states, most notably New York, Pennsylvania, and Kentucky.?
This paper discusses the economic effects of gambling. Sociological ramifications are only considered as they have direct or indirect consequences on the economy at the local, state, and national levels.
Abstract This paper explains that the gamblingindustry is associated with large sums of money, which might be one of the top five revenue sources for certain states and is an important source of income to many Native American tribes that operate casinos located on their land. The author points out that the gaming association is a very powerful lobby, which wants to introduce legalized gambling into every state. The author relates that most studies show the economic impact in a positive light, but a careful perusal of the hidden costs show that maybe the economic impact of gaming in the long run does not meet the expectations. Tables.
From the Paper "The American Gaming Association, in their website (www.americangaming.org) reports that there are more than 433 land-based, river-based and racetrack casinos scattered throughout eleven states. The gaming associations claim that they bring huge revenues to the state in the order of several billion dollars. In addition, gaming also provides the states strapped for cash with much needed revenues from state taxes?from a nationwide low of 6.25 in Nevada to a high of 35 per cent in the state of Illinois. These huge sums of money did not include the numerous smaller casinos whose gross annual revenues were one million dollars or less."
Abstract This paper is an argumentative essay that discusses the social and economic perils of allowing gambling into mainstream American society. It presents several examples of how the gamblingindustry has degraded the American way of life.
From the Paper "The topic of legalized gambling has once again been revisited as a result of the recent shortfalls in local tax revenues. Gambling had been a purely illegal activity in most states until the early 1990?s. During the early 1990?s, several local municipalities opened up gaming centers on waterways as these were outside the territorial aspects of the existing gambling laws. The anti-gambling laws that are currently on the books limit gambling from state lands. These waterways and Indian reservations fall outside this jurisdiction. This decision fueled a rapid expansion of legalized gambling around the country. This is the premise for my opinion on this issue that all forms of gambling should remain illegal."
Tags: debt, economic, hardships, money, perils, poor, social
From the Paper "ntroduction
Gambling in the United States is legal in all of Nevada, and legal in some other communities. Native American tribes have recently begun opening casinos on land that they own, and many states now have lotteries in which citizens can participate. Church groups and community organizations play bingo to raise funds, and "pseudo"-gambling, in the form of casino nights, are used by groups to bring in cash for particular causes. However, the history of gambling in the United States is both controversial and political, and the industry typically evokes images of organized crime and the bright neon of Las Vegas. Today, the gaming sector is a significant part of the leisure industry, and resorts throughout the nation are expanding their gaming operations where possible to tap into the market. This research examines the.."
Abstract This paper analyzes Harrah's Entertainment Inc. and its growth in the gaming industry. The paper provides a strengths, weaknesses, opportunities, threats (SWOT) analysis for the company and then looks at financial considerations that are relevant for its establishments. Finally, the paper briefly discusses Harrah's activity ratios and growth ratios.
Table of Contents:
Introduction
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
Financial Ratios
Profitability Ratios
Liquidity Ratio
Leverage Ratios
Activity Ratio
Growth Ratios
Conclusion
From the Paper "Harrah's is a well managed company that is has moved to the extreme top of the gambling and gaming industry. It is has accomplished this through a series of strategic acquisitions including its purchase of Caesars as well as its move into the Asia-Pacific Rim. It is clear that Harrah's is intent on not only increasing profitability but in returning value to shareholders over the long-term and that is why this would be a strong investment target. Additionally, Harrah's sound management indicates that it would be a positive place to work with much room for growth and advancement given its diverse operations. Furthermore, because Harrah's values customer service and, in fact, relies on its customer service to ensure revenue continuity, it could be said that customer service is actually Harrah's primary line of business and that all its other activities are pursuant to its treatment of its guests."
Abstract This report provides evidence-based arguments as to whether internet gambling should be banned in Australia. The paper lists the features of three on-line gambling sites and rates them in terms of minimising harm from excessive gambling. The paper then concludes that despite the recent surgence in the number of Internet gambling sites, the Australian government should work to put a stop to it, or at least restrict the ways in which gambling sites become active.
From the Paper "Internet gambling is a form of interactive gambling through a communication channel such as computer terminal, television or telephone (Productivity Commission's Inquiry Report 2001). Although the use of Internet gambling has increased dramatically over the past few years, there are many disadvantages associated with it. The general benefits and drawbacks of Internet gambling are evaluated below."
Abstract This paper discusses the issue of gambling related crime and solutions to the problem. The paper discusses historical evidence that society has never been directly involved in ending the issue, and that over time gambling has become more apparent in society, and with it, so has gambling related crime.
From the Paper "Throughout history gambling has been an inclusion in society that has elicited concern from many, and indifference from others. Politicians have traditionally conceded the fact that gambling as a public recreation has caused some difficulties in the masses. They have even discussed the fact that they believe that gambling might be acceptable - as long as only those that possess the wealth to support their bets practice gambling. As casinos have now been constructed in many States in America, those closest to these gambling institutions address the issue of gambling related crime almost daily. However, politicians, and government officials contend that there is not enough evidence to support programs that are State, or Federally funded which would reduce, or stop gambling related crime, or provide solutions to those who wish to escape their addictions."
