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.
Essay # 47498 |
2,715 words (
approx. 10.9 pages ) |
13 sources |
MLA | 2004
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$ 48.95
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Abstract
This paper explains that the gambling industry 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."
Tags:indian, state, lottery, employment, casino
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$90,000 per year. 2008 was market by a 7 percent increase in the industry's operations and revenues, but 2009 reveals pessimistic results due to the internationalized economic crisis. However, a one percent growth is still expected."
Tags:casinos, mafia, Las Vegas, consumer price index
This paper is a marketing analysis of the gambling industry, especially Las Vegas casino gambling.
Marketing Plan # 59989 |
4,405 words (
approx. 17.6 pages ) |
2 sources |
MLA | 0
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$ 69.95
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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
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
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.."
This paper provides an analysis of the mutual funds industry in India.
Dissertation or Thesis # 105696 |
14,166 words (
approx. 56.7 pages ) |
66 sources |
APA | 2008
|
$ 158.95
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Abstract
In this article, the writer explains that a mutual fund is simply a pool of money that is invested by a manager with the goal of increasing the value of each share of the fund for its investors. The writer further explains that a mutual fund provides investors with diversification of their portfolios, thereby spreading risk and providing the convenience of buying and selling shares in the fund on any business day. The writer then notes that more and more average investors are seeking out investment opportunities in mutual funds, and the research shows that such funds exist for virtually any investment goal or objective. This study then provides a critical evaluation of the mutual funds industry in general and the use of mutual funds in India in particular. A comparison of Indian investment options that evaluates domestic versus overseas investments is provided, as well as a review of typical company strategies and an analysis of the riskiness of these respective investments.
Table of Contents:
Chapter 1: Introduction
Statement of the Problem
Hypothesis
Rationale
Definition of Key Terms
Chapter 2: Literature Review
Chapter 3: Methodology
Statistical Analysis
Data Collection
Chapter 4: Data Analysis
Chapter 5: Summary, Conclusions and Recommendations
References
Appendix A
From the Paper
"Venture capital activity in India was formalized in 1988 when the central government announced guidelines for the establishment and functioning of the industry. Venture capital companies sprang up, several sponsored by government development financial institutions. With significant economic liberalization policies introduced by the central government in 1991, more domestic and foreign venture capital companies began operations. In 1996, the central government introduced new and improved guidelines for regulating India's venture capital industry. In spite of this significant progress, growth of the industry has been restricted by several factors, including conservative government policies, limitations on the availability of funds, and an inadequate equity market infrastructure."
Tags:economic, developments, investments, investors
A look at the growth and future of the video game console industry.
Term Paper # 114563 |
2,018 words (
approx. 8.1 pages ) |
5 sources |
APA | 2009
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$ 38.95
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This paper describes and explains the video game console industry. It provides a brief history of the industry and sets out to examine what the drivers of the industry are, and what is the level of competition.
From the Paper
"The video game console industry is a global industry, dominated by three major players - Nintendo, Sony and Microsoft. The industry has a history of technological leaps, so consoles are currently in what is known as the seventh generation. Since the first launch of a seventh generation console in 2005 (the Xbox 360), over 64 million units of seventh generation consoles have been sold by the three leading manufacturers. As the industry moves towards an eighth generation (possible in 2010), it is worth examining what the drivers of the industry are, and what is the level of competition.
"There are several strategy-shaping business and economic characteristics of the console segment. These include the intensity of competition, the relationship between console manufacturers and game producers, and global economic health. The major business characteristic that shapes strategy is the competition, combined with the large size of the industry. The market is dominated by three global firms - Microsoft, Sony and Nintendo. They are all locked into the same technology cycle, and the dawn of each cycle provides an opportunity for tremendous gains or losses in market share. The strategies of each of these firms are heavily influenced by the competition and the technology cycle."
Tags:competition, technology, profitability
Argues that Native American reservations are in a unique legal position as nearly sovereign political entities. Examines gambling as the most effective means by which tribes generate revenues, & some positive & negative responses.
Argumentative Essay # 20905 |
2,700 words (
approx. 10.8 pages ) |
9 sources |
1994
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$ 48.95
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From the Paper
"Introduction:
In recent years, various Indian tribes have turned to casino-type gambling operations as a way to generate revenues and to overcome the deep-seated unemployment facing many tribes. Various commentators have noted the sudden growth of legalized gambling on Indian reservations. This shift also can be considered a sign of the sweeping shift in public morality that is under way in virtually every municipality, Indian and non.Indian, across the country as gambling has become an acceptable form of mass.market entertainment. In 1992 Americans spent more on legal games of chance than on films, books, amusement attractions, and recorded music combined; in that same year Americans spent three times as much money at Indian gambling casinos as on movie tickets (Magnuson, 1994, 169). Some of the.."
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
|
$ 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
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