The Casino Industry - 2501 Words

The Casino Industry Case Study By: Index: ⠝â€" Executive Summary ⠝â€" Analysis Section (SWOT) ⠝â€" Alternative Identification ⠝â€" Recommendation ⠝â€" Sources Executive Summary There is very wide range of legal gaming / gambling across the globe. This includes various games of chance and gambling forms ranging from casino and card room gaming, lotteries, online gaming, race and sports wagering and charitable gaming, such as raffles, bingo and other low technology games. Legalized gambling has become more prevalent over the last 25 years as more jurisdictions take advantage of the revenue sources from the taxation and regulated gambling industries. Over this time many governments have allowed for the†¦show more content†¦Native American casinos are exempt from federal regulations and are not required to pay any taxes on their revenues, but they are generally required to pay a percentage of their winnings to the state in which they are located. Native American casinos are likely going to increase their effect on the traditional casino industry. By adding more Native American casinos throughout the United States, locations such as Las Vegas and Atla ntic City are likely to suffer because less people are going to be making the trips to one of these two competitive locations because they will be able to easily access a casino in their own backyard. Another potential sector of the casino industry is the availability of Internet gambling. This will provide casino consumers with the ability to place bets through home computers and gives them a potentially low-cost business model for firms that already operate casinos. It is widely believed that gambling on the Internet will eventually be legalized, regulated, and taxed. The potential for growth in the casino industry seems unlimited. With hot tourist locations such as Las Vegas and Atlantic City, more and more Native American casinos, and the possibility of a legalized online gaming industry, large revenues for the casino industry seem inevitable. Serious thought, however, needs to be given to theShow MoreRelatedThe Liability Of Casinos And The Casino Industry2018 Words   |  9 P agesexist for casinos. Casinos are liable for maintaining their property and are subject to personal injury lawsuits by consumers. Property maintenance includes elevators, floors, the structure of the building or construction, and lighting and security. Elevators that connect the casino to hotels or other parts of the casino have to be functional. Floors can’t be wet or slippery so that patrons don’t fall. Lighting has to be sufficient. Casinos have to be safe and have necessary security. Casinos are alsoRead MoreMacau Casino Industry2740 Words   |  11 Pages Investment Group Project Macau Casino Industry Tuesday 8:30 - 11:20 am Wong Wing Hei Penelope 12141056D Liu Xiaoyu Ivy 10806758D Au Chak Chung 12072495D Wong Yee Ting Gladys 11608217D Introduction The reputation of Macau’s Casino has more than 100 years of history. In recent years, owing to the opening up of gambling industry, this reputation further carried forward. Gambling policy depends not only on local government policy, but also on the tourists’ government policy. The policy of gamblingRead MoreCasino Industry in Macau2721 Words   |  11 PagesThe Casino Industry in Macau Research Question I intend to evaluate the Casino Industry in Macau including the reasons for its high demand and growing success and compare it to the Casino Industry in Las Vegas. The gaming industry is the livelihood of Macau. It is responsible for 75% of the government’s income and provides the people of Macau with millions of jobs. 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Analysis Using the SWOTRead MoreAustralian Casino Industry and Competitive Analysis3417 Words   |  14 Pagesof this report was to gain a better understanding of the Casino Industry. It identifies the many contextual and diverse factors that influence this particular part of the gambling industry in terms of the type of customers they attract, how it is shaped by government policies, the impact of suppliers and buyers of the market, competitive rivalry, and organisational generic strategies. The Five Forces model revealed a highly dominated industry by two major competitors. Incumbents are forced to find