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.
The need among Americans to be diverted in ever more imaginative ways -- through high-thrill parks, virtual reality arcades, and theme restaurants, plays right into the hands of Dave Corriveau and Buster Corley, co-founders and CEO’s of Dave and Busters. The duo’s 50,000 square foot complexes include pool hall, an eye popping, cutting edge midway arcade, a formal restaurant, a casual diner, a sports bar and a nightclub rolled into one sprawling complex. In business since 1990, this is a high energy, highly efficient operation that’s comparable to a Vegas extravaganza. As a matter of fact there are even “for fun” cashless blackjack tables, with fake $10,000 chips. Pricey, but not outrageous, and you get value for your money.
The first article, “The Best Night $500,000 Can Buy,” portrays the perfect night out in Las Vegas. Devin chronologically takes the reader through a night in one of the famous clubs in Las Vegas, Marquee. He describes the fundamental marketing techniques that promoters use to lure women into the venue, the prices that high-rollers pay to get a VIP access and tables, and the “shitshow” atmosphere where people are dancing as if they are on Ecstasy (some people are actually on drugs). From personal experience, Las Vegas is definitely the Disney World for adults because people can openly consume alcoholic beverages on Fremont Street while enjoying their time at the arcades, night and day clubs, pools, gambling rooms, theme park rides, shopping centers, restaurants, strip clubs, and wedding chapels. Which ultimately le...
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.
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 ...
One of the main arguments against the legalization of any form of gambling is that it invites a criminal element into the community. In theory, legalized gambling is made available to the public, the public gambles, people lose their money and go broke, and as a result turn to a life of crime to support their families and/or their gambling affliction. A community’s crime rate is bound to shoot up after the installation of any tourist attraction, e.g. a racino. While these racinos would attract predomi...
...way free alcohol which impairs peoples judgement and sense of reality. It is assumed that the more drinks someone has, the more likely it is that they will stay and spend more money. The money spent by the casino on alcohol is more than made up by profits.
The Gambling industry attempts to win support with misleading information in its promotions. For example, gambling is said to help stimulate the economy by providing more jobs. According to the American Gaming Association study, "In 1995, the casino industry recorded $25 billion . . . and paid only $7 billion in wages" (Arthur Anderson). Also according to Maura J. Casey, there is high unemployment rates around casinos. (Casey 37) With people's losses and by encouraging workers to believe in cheating customers, casinos focus on gaining more and more money for their n...
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.
Caesars Entertainment Corporation first began when Bill Harrah opened his first bingo parlor in Reno, Nevada in 1937. They have provided loyalty to customers and gaming for over 75 years and they are still expanding. Caesars Entertainment Corporation is known as the world’s largest casino entertainment company and it is still expanding through the development of new resorts, acquisitions, and Caesars operated casinos on four continents. According to Caesars Entertainment Corporation, Harrahs, Caesars, and Horseshoe brand names currently operate their resorts. Offering unique combinations of great service, excellent products, unsurpassed distribution, operational excellence and staying on top technologically has kept them alive and very relevant (pg.1)
The West Gate Las Vegas Resort and Casino is a hotel and casino in Las Vegas on paradise road. Before the name changed it was known as International Hotel and was known for many years as the Las Vegas Hilton. Then it was known as LVH Las Vegas Hotel and Casino. The Las Vegas hotel history begins with Kirk Kerkorian, who was an Armenian American business man, investor, and philanthropist. He built world’s largest hotel in Las Vegas three times.
There are several positive effects that gambling has along with its positive impact for economic development. In some areas of the U.S. gambling has been embraced and promoted as a legitimate strategy of economic development. It helps the unemployed and underemployed by providing them with jobs that receive amazing benefits. It helps the real estate business in areas where casinos are built there are most likely to be a hotel somewhere nearby. There are several gambling companies that make charitable donations in their areas, by giving thousan...
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
Many investments for infrastructure construction in the destination primarily designed for the business tourists (hotels, restaurants, transportation…) provide economic profits, and they can also be enjoyed by local residents and leisure tourists.
“The objective of this phase is to identify events and or future trends that will affect the hotel industry over the next five years. Also, the impact that those events and trends will have on your business in terms of cost and revenue changes and the timing of the impact.” (Fedele, 2010) For each of the external environment, it is also to identify what will affect the performance of the business.
(2015) explains the importance of stakeholders with the tourism industry by explaining how each stakeholder influences the industry in offering new destinations, packaging destinations for new clientele, remarketing vacation destination and additional tour companies. Each industry stakeholder has their own agenda in achieving success, but the industry needs to work together in order to achieve success due to the highly competitive nature of business. Economically the industry has been expanding and developing tourism by offering a wide range of destinations and package vacations globally. The industry stakeholders are listening to the customers and offering unique and exciting destinations, thus increasing sales and opening up the tourism industry into a new