Known as one of the most significant developments in the hospitality industry during the past three decades, the casino industry has rapidly expanded and converged into the lodging and hospitality industries (Walker, 2013). According to Walker’s Introduction to Hospitality Management (2013), “casino resorts are among the most visible hospitality businesses in the world”. Twenty out of the thirty largest hotels in the world are casino resorts and they are located on the famous Las Vegas Strip (Walker, 2013). Casino resorts are often quite large and luxurious where gambling is the main activity engaged in by patrons. A report released by the American Gaming Association stated that “based on direct, indirect, and induced impacts, the commercial casino industry supported approximately $125 billion in spending and nearly 820,000 jobs in the U.S economy in 2010” (Bazelon, et al., 2012) On a larger scale, the global casinos and gaming sector grew by 9.2 percent in 2012 to reach a total value of $456 billion (“Global casinos”, 2013).
The modern casino is like an indoor amusement park for adults; the thrill of gambling, entertainment, and staying in a luxurious hotel is an experience desired by many tourists and it brings in billions of dollars in profit every year. A survey conducted in 2009, found that about 65 percent of Americans thought of the casino industry as being a vital and important factor to the overall U.S travel industry (“U.S commercial casino industry”, 2010). As conditions in the marketplace have changed, the gaming and gambling industry has increased its reliance on the lodging industry to bring in more revenue by attracting more gamblers to casinos (Walker, 2013). Even though the gambling and casino operations segmen...
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...y has truly impacted the travel and tourism industry as well. Casino resorts are constantly uprising even after recent recessions because of the popularity of gambling, and the ability to experience many other enticing activities within the vicinity. As the gaming entertainment industry becomes more competitive, demand for higher service quality will increase to give the competitive advantage for success and market leadership (Walker, 2013). With competition increasing, the bigger and better casino resorts offering gaming, lodging, newer entertainment projects, modern and detailed architecture, and improved technology will start to increase in the market. Even with expected increases of these facilities, development companies are expected to practice sustainable initiatives while implementing and constructing these large profit centers of the hospitality industry.
Harrah’s numerous properties in the country are considered to be its own operating segment, and thus each establishment is given leeway to make its own decisions and manage its own operations. These properties are grouped into divisions according to their geographical location, which makes it easier for Harrah’s top management to monitor their performance and make adequate responses to the different factors that affect a particular division, seeing that most external factors that greatly affect a casino’s operation usually depends on the location of said facility. For example, there are different laws and regulations regarding gambling for each state, and each location also caters to a particular class or segment of its target market.
For years casino gambling was portrayed in the media and Hollywood as being associated with criminal activities and the mafia. Now with proper scrutiny and government regulations casino gambling has become a lucrative business, with casinos stock even trading on Wall Street. Casino gambling is an ever increasingly popular and legal activity in many states throughout the United States. “The term gambling or ‘gaming’ as the industry calls it, means any legalized form of wagering or betting conducted in a casino, on a riverboat, on an Indian reservation, or at any other location under the jurisdiction of the United States” (National Gambling Impact Study Commission Act). States that allow casino gambling benefit vastly by re-incorporating the taxation off of commerce gained from casinos and tourism associated with the casinos back into the state and local communities. Jobs created by casinos also have a positive impact on the economy in local communities surrounding casinos as well as, the states that legalize gambling. Texas, while allowing horse and dog racing, lottery, and charitable bingo, does not currently prohibit casino gambling. In this essay, I will provide the different reasons the State of Texas will benefit from legalizing casinos gambling. By not having casinos, Texas continues to lose valuable tax revenue that could be awarded to state and local government funded programs for example, education, public safety, economic development, and infrastructure improvements. With the increasing number of legal casinos in bordering states such as Louisiana, New Mexico, and Oklahoma, the loss of tourism and tax revenue is a growing concern for Texas. Passing legislation to allow casinos in the State of Texas will help fund ...
Australia is always the destination that attract tourists who love and want an adventure trip because of its unique, wild and natural environment. According to Yap (2012, p. 111), international tourists from North-East Asia accounted for 28% of the total tourist arrivals to Australia, followed by Oceania and Antarctica (21%) and North-West Europe (21%) between 1991 and 2010. Tourists usually come to Australia for livable cities such as Sydney and Melbourne with many festivals that traditional Aboriginal culture as well as other cultures. Beside enjoying the outback and festivals, casinos are the second option destination for tourists have an occasional flutter. Gambling is the character of casinos industry, which attract the majority of visitors every year. There were over 1 million tourist visi...
In the middle of a Las Vegas casino a secret garden waits to be explored. Over fifteen thousand people each day visit the Bellagio Conservatory inside the Bellagio Hotel and Casino; whether it is the first visit or one of many there is always something new to discover. The entrance is a tunnel through two twenty gallon aquariums filled with Clown Fish, Yellow Tang, Fiji Devil, and Heninochus. You may recognize some of them from Finding Nemo! The floors and ceiling through the tank are LED images of fish, showcasing lights that Vegas is famous for.
Las Vegas also it is familiar as “Sin City,” is one of the most famous tourist place in the world. It is an incredible place in the middle of dessert, it is a city established from nothing to something great. Vegas has developed in tourism and population as well to become beyond universal. Las Vegas has ranked the fastest-growing state, according to the Las Vegas review journal, “Nevada ranked as the nation’s two fastest-growing states over the past year, according to U.S. Census Bureau population estimates for 2016 released Tuesday.” Las Vegas is known as a gambling city, nightclubs and casinos. Gambling plays a big role in many Nevadans Lifestyles. This is such a problem that should be considered. In this essay I will discuss about how gambling has a big effect on Nevadans lifestyle, plus how to avoid being addictive to gambling. In Las Vegas there are stereotypes of gambling, such as Lottery, slot machines, cards, and many others. But in this essay I will only discuss on slot machines.
Casino gambling is an increasingly popular and legal activity in many states throughout America. “The term gambling or ‘gaming’ as the industry calls it, means any legalized form of wagering or betting conducted in a casino, on a riverboat, on an Indian reservation, or at any other location under the jurisdiction of the United States” (National Gambling Impact Study
Casinos' greatest disservice is their cost to the local government, industry, and people. A casino often pressures the local government into law changes and area improvements to stimulate its business. The casino, which is a high-risk business, could fail anyway. If it does, the government may spend millions just to be left as one of many creditors of a defunct casino. Businesses lose funds the government might have used for subsidization, and consumers often spend money gambling rather than on the goods and services they normally purchased. A casino may bring business to tourist oriented establishments like restaurants and hotels, but if it has these businesses built into itself, unattached companies may ...
Gambling... Who does not like to gamble? People play lotteries, bet on sport games or try their luck on slot machines with a thought to win some amount of money. In fact, this excitement for gambling can be seen even from early ages; for example, ancient Egyptians used to play dice in 2000 BC or the first casinos opened their doors to customers during the Greeco-Roman period ( Whittaker and Cushman 1 ). Nowadays casino industry is a large business in the United States that brings high revenues and offers various entertainment that attracts people from different areas. So just recently residents and visitors of Worcester, Wicomico and surrounding counties got a great opportunity to try themselves in a new Ocean Downs casino that came into operation couple months ago. Ocean Downs casino is an excellent benefit to the community that helps to improve the economic and social status of the county and also serves as a great entertainment for the adult population.
The Great Transformation From A Casino City To a Resort Destination Atlantic City is the place to gamble on the East Coast. Although this may initially seem to be a positive characteristic, it is evident that this destination has the capability to be so much more than it already is. This point of interest has the world’s first boardwalk, which opened in 1881, has 4 miles of hotels, amusements, and casinos. Atlantic City was originally a resort town, until 1978, when it changed into a gaming city. This popular day-trip destination had over 34 million visitors in 1998 alone. Despite this amazing statistic, along with the revenue that gambling brings in, many steps are being taken in order to further promote the expansion of this great city. The renovations and improvements being made to the Atlantic City Convention Center are already increasing the amount of money coming in. There is a great deal of other things to focus on in the Atlantic City region. In endorsing local attractions in this scenic area, and in shifting the target market of this spot, this city would change back into a resort destination. When most people think of Atlantic City, the first thing that comes to mind is the casino attractions that are available. With the city’s constant shuffle and excitement, gamblers from all over go there dreaming of a big win. Many people consider Atlantic City to be the “Las Vegas of the East Coast”. There are over 12 casinos, with one building as magnificent as the next. At any given second of the day, these hopefuls may have their lives changed in an instant with just one win. These casino hotels gain most of their income from gamblers. Casinos employ almost 49,000 people every year. This number should actually jump when the Marina District opens. Although Atlantic City prospers as a gambler’s paradise, many would love to show others just how much more Atlantic City really has to offer its tourists. The Atlantic City Convention Center, built in 1929, was renovated with $72 million in 1997. With the world’s largest pipe organ, everyone from the Beatles to Pavarotti has played there. It was designated a historic landmark in 1987. Conventions, trade shows, meetings, and public events of the greater Atlantic City area all take place here. When the renovation is finally completed, it will seat up to 12,000 people for special events.
"Destination casino" is a term used to refer to the integrated resort casinos that characterize the luxurious integrated resort casinos of Las Vegas. Increased tourism, conventions and trade shows are associated with these enterprises ("What is"). Las Vegas hosts 22,000 meetings and conventions and has been a leading trade show destination of 16 consecutive years ("What is"). This industry is responsible for 46,000 local jobs and is estimated to provide the local economy with $4.5 billion each year ("What is"). The same positive economic impact that is enjoyed by Las Vegas could be reaped by the State of Florida if the legislature passes the laws required to establish destination resort casinos in South Florida.
Casinos have developed formulas to calculate the “predicted lifetime value” of any individual gambler. Gamblers are assigned value rankings based on this amount; the biggest losers are referred to as “whales.” These gamblers become the casinos’ most sought-after repeat customers, the ones to whom they market most aggressively with customized perks and VIP treatment. (Rosengren,
...r – “By the end of the decade, there was a casino in-sight from every point in the city.” A record 15 million people visited Las Vegas in 1971, and an estimated 81% of those tourists gambled during their time in Vegas – an obvious effect of Hughes’ massive investments in casinos. By 1974, gaming revenue topped $1 billion, and just below 50% of Nevada’s state budget was supported by gaming taxes. Hughes was able to drastically increase the size and attraction of the city, making it more profitable, tourist friendly and glamorous. None of this would have been possible without the gaming industry to lure Hughes towards the city – once again gambling played a lead role in the growth of Las Vegas. The industry’s growth continued at a torrid pace, until the legalization of gambling in other states made the future of the city’s gaming industry murky.
Gambling is described as the betting of money or property on the result of an event or game that is mainly random with the desire to win more money or gain additional property. The industry or sector created by the activity of legal gambling is referred to as gaming. Since inception, gambling and gaming has continued to develop to an extent that it worth more than $335 billion across the globe. Most of the revenues obtained in this industry are generated by casinos and lotteries. In the past few years, gambling and gaming have attracted significant concern and controversy, especially with regards to the morality of the practice and whether its financial benefits outweigh the damage. While proponents of gambling