This paper is a marketing analysis of the gambling industry, especially Las Vegas casino gambling.
Marketing Plan # 59989 |
4,405 words (
approx. 17.6 pages ) |
2 sources |
MLA | 0
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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 gambling industry 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 gambling industry. 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 Gambling Industry
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."
Tags:objectives, components, carlo, image, price
A look at the gambling industry in the US.
Term Paper # 148647 |
1,369 words (
approx. 5.5 pages ) |
4 sources |
APA | 2011
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$ 27.95
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Abstract
This paper presents an overview of the gambling industry in the US, beginning with its history and further showing its economic indicators of success today. Various measures are discussed which directly or indirectly impact the gambling industry. Charts and graphs are used to demonstrate these examples. The paper also considers how the gambling industry affects the overall economy, especially in terms of employment.
Outline:
Industry Overview
Economic Indicators and their Impact on the Gambling Industry
Gross Domestic Product
Unemployment Rate
Inflation Rate (consumer price index)
Personal Income
Interest Rate
Consumer Price Index
From the Paper
"More specific information on the American gambling industry sees that its growth has been due to increases in the population's living standards. The successful outcome of any casino in the United States is directly linked to its ability to conduct efficient operations as well as develop and implement the most suitable marketing strategies. The large players benefit from increased financial and technological resources to sustain revenues and the small size players succeed by addressing local markets. The average income for an employee in the industry is of$90,000 per year. 2008 was market by a 7 percent increase in the industry's operations and revenues, but 2009 reveals pessimistic results due to the internationalized economic crisis. However, a one percent growth is still expected."
Tags:casinos, mafia, Las Vegas, consumer price index
This research paper analyzes the economic pros and cons of the American gambling industry.
Analytical Essay # 59196 |
1,361 words (
approx. 5.4 pages ) |
7 sources |
MLA | 2003
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$ 27.95
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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
A look at how the gambling industry has shaped Las Vegas.
Research Paper # 61512 |
3,600 words (
approx. 14.4 pages ) |
7 sources |
APA | 2005
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$ 60.95
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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. "
Tags:structure, tourism
Types & venues used in the gambling industry; its growing popularity, economics and competition in the field; constraints on expansion and the future.
Essay # 13120 |
1,800 words (
approx. 7.2 pages ) |
8 sources |
1997
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$ 34.95
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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.."
An overview of the online gambling industry and its chances of growth in North America.
Essay # 89710 |
2,700 words (
approx. 10.8 pages ) |
10 sources |
2006
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$ 48.95
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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.
Tags:online, casino, gambling
A strengths, weaknesses, opportunities, threats (SWOT) and growth analysis for Harrah's Entertainment Inc.
Term Paper # 104785 |
1,899 words (
approx. 7.6 pages ) |
8 sources |
MLA | 2008
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$ 36.95
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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."
Tags:shareholders, liquidity, profits, casinos, gambling
This paper examines the structure, revenue gain and government legislature surrounding the Internet gambling industry.
Term Paper # 104001 |
735 words (
approx. 2.9 pages ) |
5 sources |
MLA | 2008
|
$ 15.95
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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?"
Tags:revenues, taxes
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.
Analytical Essay # 10081 |
1,270 words (
approx. 5.1 pages ) |
6 sources |
MLA | 2002
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$ 25.95
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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."
Tags:air, travel, analysis, las, vegas, atlantic, city, slot, machine, entertainment, 911
This paper explores the link between e-commerce and online gambling.
Essay # 90468 |
900 words (
approx. 3.6 pages ) |
2 sources |
2006
|
$ 19.95
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Abstract
The paper discusses the overall characteristics of e-commerce and relates e-commerce to the gambling industry. 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."
Tags:e, business, gambling, online