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Benefits and limitations of strategic planning
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S & A Casino and Hotel, LLC A strategic plan is a form of document utilized to communicate with an organization on its goals and the actions needed to achieve those particular goals developed during the planning process. Strategic planning sets priorities, strengthens operations and ensures that employees are all working towards the goals of the organization in order to adapt to a changing environment. An effective plan that articulates actions needed, but know if the company will be successful. Behind the bright lights and the melodic ring of the slot machines, casinos are a very complex business. In the 1920’s, the only legalized gambling was horseracing. In 1986, Governor Edwards proposed to legalize casinos, but was unsuccessful. In 1991, …show more content…
This policy concerns parents and trained employees. Our employees are trained on childcare and certified on a quarterly basis. The employees utilize the proper approach when an unattended child is spotted. S & A urges parents not to leave children unattended throughout the property. If a child is spotted, our trained employees informs through the intercom. Upon check-in, parents are provided with a copy of our unattended policy and are asked to keep an eye out or call security for any child spotted without an adult. Sapphire Gamble-Stop is programs put in place to assist gamblers know when to stop gambling. Employees are trained on responsible gambling. Although we know that our employees are not gambling counselors, the training assists them in helping others by providing them with the information they may need. Brochures are located throughout the property along with the gambling hotline 24/7 …show more content…
$100,000.00 for the gambling addicts program. $100,000.00 will go to security management throughout the property. The property is centrally located in the heart of Lafayette, Louisiana which attracts local people within the community, and tourist who are not only looking for a beautiful spacious and affordable hotel, but a hotel that will provide Louisiana cuisine dining in our state of the art Creole restaurant. Materials, supplies, and equipment are required to maintain the facility for $800,000.00. Business taxes for $300,000.00. Fleet management for V.I.P. customers for $500,000.00. Licenses and inspections to keep the property operational for $500,000.00. Legal fees to maintain state rules and regulations for $100,000.00. This five-year budget plan will demonstrate a clear vision on how the company will be able to implement our development plans, improve our gambling programs, and improve our security forces. With setting an integrated planning process, S & A Casino and Hotel, LLC will be able to align resources with our developed
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 second threat is many states are legalizing or planning to legalize commercial casino gambling. Unlike Native American casinos commercial casinos turn over a large share of their profit to the cities and states in taxes.
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 ...
Gambling can have adverse effects on the social welfare of many individuals and families. Gambling can increase the number of individuals and families dealing with gambling addiction and exploit individuals and families who are economically disadvantaged. Under such circumstances, not all forms of gambling should be legalized. This is clear evidence that gambling revenue allocated for Texas schools is not worth the negative effects associated with gambling. Education is a valuable source of growth for all citizens in a community, no one in society can truly grow if one part of society is left
Casinos are very tricky when it comes to “customer relations”. They allow their customers to forget about the world around them and concentrate on winning, when the whole time they are robbing them blind. In most cases, people walk out of casinos with empty pockets and a stomach full of booze.
For the Balanced Scorecard section I have set up a table, which includes a strategic plan and management system to align our business activities to the mission and vision of the Hilton Worldwide brands, developed strategies to improve the internal and external communications for our location, and ways to monitor the performance over the next year. The chart will be organized into a strategy map to allow its users visual ideas of where the perspective plans connect. Subsequently, as you will see with the attached document for the 2013 Operating Budget, the hotel has revenues totally over $105,000,000 and a net operating profit of about $45,500,000 as of this year. Along with the P&L Statement, other revenue generating departments will be discussed thoroughly with estimated expenses and revenues displayed, and finished with an assessment of local comp...
The purpose of the following paper is to be able to inform the reader(s) of the paper about the business goals of the ownership and operations of a Sports Bar Franchise. The topics of discussion will include the description of the goal of the business and subtopics of the types of goods and services that are provided by any Sports Bar Franchise, what types of customers will this business attract, and lastly, how and where the specified services are made available. The paper will also include dialogue about the strengths and weaknesses of an assorted of business organizations and which one would be most appropriate for the author’s business venture.
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.
Kwon, E. (n.d.). Lodging & Gaming. Standard & Poor's Capital IQ. Retrieved December 1, 2013, from http://www.netadvantage.standardandpoors.com.ezproxy.bu.edu/NASApp/NetAdvantage/showIndustrySurvey.do?task=showIndustrySurvey&code=lng
Gambling has been around since 2300 B.C. It has its positive and negative effects; it also has somewhat of a positive impact on the economy. It stimulates most communities by creating jobs and generates tax revenue for state and local governments. The gambling industry in “2002 and the commercial casino industry provided 350,000 jobs in the United States” (americangaming.org). Even though gambling can bring a lot of economic growth to the economy there is still an argument going on today whether it is a great choice to legalize it everywhere.
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
Article 7 - CasinoSaga In this day and age it isn’t enough for a casino to simply hang their hat on a single specialty. In fact, in many cases going above and beyond the call of player’s needs is now considered mandatory. When discussing online casinos that have done just that, you would be remiss not to spare a thought for CasinoSaga. As the industry entered a lull in the early part of the decade, CasinoSaga stepped up revolutionise the world of slots.
Strategic planning is the continuous and systematic process of guiding members of an organization to make decisions about its future, develop the necessary procedures and operations to achieve that future, and determine how success will be achieved.
Is gambling an issue that should be taken cared of altogether? Not at all, it can be fun when done in moderation and people can actually benefit from it. However, the issue comes in when the casinos begin to take advantage of its customers, especially the ones that may be easy to lure. A primary target that is beginning to seem more evident as time passes is the elderly and what makes this concerning is that many do not even notice that they are being manipulated. Gambling amongst the elderly is an issue that no longer can be ignored due to how they are easy targets, it is far too easy for them to lose money, people who deny the existence of this dilemma and that the elderly end up gambling more than they can afford.
Strategic planning is an organizational process in which it looks towards developing and sustaining success or balance in its ever changing environment.