Introduction The casino resort business consists of a number of companies that operate high profile casino resort businesses. At the core, these companies earn their money from casino, hotel, restaurant and related revenues. They operate where gambling is legalized, as the casino element of the business is critical to their business model. The gambling attracts the guests, and then the resort function works to extract as much money as possible from this captive audience. While the firms in this industry are all relatively similar in this respect, they might differ on some of the details about target markets, their financials and how they execute on this business model in general. This paper will outline some of the major companies in this industry, using their most recent 10-K reports. For most firms, that is the 2016 report, the exception being Caesars Acquisition Co, where the latest report was the 2015.
Las Vegas Sands
Las…...

The difference in price is because in casino resort hotels, one pays as per the facilities used, but in traditional full service hotels, the prices are inclusive of everything present in the rooms, whether the client uses them or not.
In casino resort hotels, the revenue of the hotel is generated from the many fields in the hotel such as gambling games, betting games, golf courses, tennis courts, the hotel itself and other social services offered by the hotel. On the other hand, in traditional full service business hotels, the revenue is mainly generated from accommodation and lodging services and other services related to accommodation such as their restaurant and conference facilities.

Casino resort hotels offer table wagering games and other gambling activities such as sports betting and slot machines. Such activities are primarily for leisure and entertainment. On the contrary, traditional full service hotels offer services such as accommodation and…...

Casinos also pay taxes to the government which again means that the local community loses the money gained by the casino. Another way in which the local economy does not benefit from the casino is when the casino gets its supplies from external suppliers or the casino owners live outside the casino's economic area. Some of the casino profits can also be lost as a result of government services provided in that area like providing better roads and traffic control to the casino. (Hsu, 1999)
The casino may also require additional police protection and judicial activity in case criminal activity goes up in the region. Las Vegas has also had its own share of problems as an off-shoot of the phenomenal success of casinos there. It has had to deal with air pollution, shortage of water, inadequate methods of mass transportation and other infrastructure related problems. Despite these problems, Las…...

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References

Brome, Heather. (2006, Sep) "Economic impact of casino development" Retrieved 23 April, 2008 at  http://www.bos.frb.org/economic/neppc/memos/2006/brome091406.pdf 

Felsenstein, Daniel; Littlepage, Laura; Klacik, Drew. (1999) "Casino Gambling as Local

Growth Generation: Playing the Economic Development Game in Reverse?" Journal of Urban Affairs, vol. 21, no. 4, pp: 409-421.

Florida Council of Compulsive Gambling, Inc. (2004) "Economics Effects" Retrieved 23 April, 2008 at  http://www.gamblinghelp.org/sections/effects/economic.html

Given the strong and increasing competition in the gaming and entertainment industry, Mandalay should apply a more aggressive strategy. The group should continue to expand the business. This will attract more clients, and it will expand Mandalay's number of target segments, which will eventually lead to increased incomes.

As mentioned above, Mandalay's strategy should focus on social responsibility also. By involving in the lives of its customers, Mandalay will be a more present figure in the customers' minds, which should lead to an increased degree of loyalty. Customer loyalty can also be reached by increasing customer satisfaction.

As a consequence, Mandalay's marketing department should seriously focus on discovering and analyzing customers' needs that have not yet been fulfilled. Implementing something new could help Mandalay gain serious competitive advantage over other gaming and entertainment industry players.

Mandalay should continue to exploit the advantage gained by addressing the entertainment oriented customers and to expand the…...

Management of Casinos
The history of gambling in the United States consists of three periods, called waves. During these periods, laws and social standards vacillated from prohibition to regulation and vice-versa (Dunstan 1997).

The first wave was during the colonial era from the 1600s to the middle of the 1800s when early colonists had a vastly different attitude towards gambling. These colonists were the Puritans and the English who established their individual communities, where their distinct values were observed and lived. The Puritans, prominently in the Massachusetts ay Colony, prohibited gambling, the possession of gambling items (cards, dice, gaming tables) and even dancing and singing. This rigid behavior, however, relaxed the following year to allow innocent gaming as recreation, but not as a trade or profession. The English, in contrast, not only allowed it but indulged in gambling as a harmless and popular diversion (Dunstan). Gambling was further enhanced by the then…...

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Bibliography

Best Gambling Games. Beginning Gambling History.  http://www.best-gambling-games.com/gambling_history.html 

Dunstan, Roger. History of Gambling in the United States. California Research Bureau: California State Library, Jan 1997.  http://www.library.ca.gov/CRB/97/03/chapter2.html 

Irwin, Arthur E. Your Casino's Chief Financial Officer, an Important Regulatory Ally. Gaming Regulation News, Winter 1997-98

KPMG. The New Imperative: Customer Centric Management, a real estate report. Ideas and Trends, KPMG Peat Marwick LLP, 1998

Ethics and Compliance Plan for a CasinoAbstractThis ethics and compliance plan for a casino in Texas provides background information on the industry, regulations to be considered, and the nature of the proposed organization. Because of state regulations, the proposed organization is for a waterway casino that will operate gambling activities outside state jurisdiction in international waters off the Texas coast. This plan further discusses how regulations will influence business activities, and what the roles and responsibilities of the compliance professional will be for the casino. It provides a detailed description of the governance structure of the business as well as the importance of maintaining an audit committee to oversee compliance. Furthermore, the process of interfacing with compliance is described by defining economic capital and measures for assessing and managing risk, including quantitative and qualitative approaches. isk mitigation strategies are explained using stress tests, extreme value theory, and measuring operational risk.…...

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ReferencesAmico, K. (2018). Casino cruises in Galveston, Texas. Retrieved from D. W., Barberis, J., & Buckey, R. P. (2016). FinTech, RegTech, and the reconceptualization of financial regulation. Nw. J. Int\\\\\\\\\\\\\\\'l L. & Bus., 37, 371.Bukhvalov, A., & Bukhvalova, B. (2011). The principal role of the board of directors: the duty to say “no”. Corporate Governance: The international journal of business in society, 11(5), 629-640.Calle, J. (2020). 3 approaches to measure operational risk. Retrieved from  https://www.piranirisk.com/blog/3-approaches-to-measure-operational-risk Davis, J. (2017). If You Want to Gamble in Texas, This Casino Boat is Your Best Bet. Retrieved from  https://www.houstoniamag.com/travel-and-outdoors/2017/06/gambling-galveston-gulf-jacks-or-better-casino-boat FATF. (2009). Vulnerabilities of casinos and gaming sector. Retrieved from  https://home.treasury.gov/system/files/246/vulnerabilities-casinos-gaming-sector-032009.pdf Federal Reserve. (2020). Stress test and capital planning. Retrieved from  https://www.federalreserve.gov/supervisionreg/stress-tests-capital-planning.htm Frasher, M. (2013). Adequacy versus equivalency: Financial data protection and the US–EU divide. Business Horizons, 56(6), 787-795.Gambling in Texas. (2021). Retrieved from  https://texaswelcomesfriends.com/texas-Gambling/texas-Gambling.html Gigol, T. (2020). Influence of authentic leadership on unethical pro-organizational behavior: the intermediate role of work engagement. Sustainability, 12(3), 1182. Gilli, M. & Kellezi, E. (2006). An application of extreme value theory for measuring financial risk. Computational Economics, 27(2-3), 207-228.HJR 133. (2021). Retrieved from  https://capitol.texas.gov/BillLookup/History.aspx?LegSess=87R&Bill=HJR133 Lopez, J. (2010). Challenges in economic capital modeling. Retrieved from  https://www.frbsf.org/economic-research/publications/economic-letter/2010/june/challenges-economic-capital-modeling/ Omarova, S. T. (2010). Rethinking the future of self-regulation in the financial industry. Brook. J. Int\\\\\\\\\\\\\\\'l L., 35, 665.post-crisis criticism. Bus. L. Int\\\\\\\\\\\\\\\'l, 16, 5.500 Nations. (2021a). Retrieved from  https://www.500nations.com/Texas_Casinos.asp 500 Nations. (2021b). Texas bill would give voters choice on casino gambling. Retrieved from https://traveltips.usatoday.com/casino-cruises-galveston-texas-110403.htmlArner,

National corporations own many chains, even though several others are independently owned but affiliated with a chain through a franchise agreement.
Types of Hotels

The U.S. Department of Labour (2004) denotes five basic types of hotels:

Commercial - These hotels operate year round and are primarily located in cities or suburban places. The larger properties offer an assortment of services for their guests, such as coffee shops, restaurants, cocktail lounges, gift shops, newsstands, theatre, health spas, swimming pools, etc.. Even larger hotels offer banquet rooms, ballrooms to accommodate wedding receptions; business meetings. Convention and business meetings provide major sources of revenue for larger hotels

esort - These hotels are primarily located in vacation destinations near mountains, the seashore, or other attractions. Nowadays, some resorts provide additional convention and conference facilities to stimulate their customers to combine business with pleasure. (U.S. Department of Labour, 2004)

esidential - These establishments provide a living quarter for permanent…...

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References www.questia.com/PM.qst?a=o&d=5001903567

Anderson, K. (2003, March). Time Out: Getting the Best Deal on a Vacation Time-Share. Black Enterprise, 33, 115.

Anderson, A. (1996). Timesharing- enviable growth lures major hospitality companies into industry. Hotel online. (Online). Available from URL:   30 October 2005).q www.questia.com/PM.qst?a=o&d=5012473252http://www.hotel-online.com/Trends/Andersen/Timesharing_EnviableGrowth.html ,(accessed

Brit Couple Killed as Timeshare Turf War Erupts in Tenerife; HUSBAND AND WIFE WORKED FOR MIDLAND CONMAN. (2006, January 15). Sunday Mercury (Birmingham, England), p. 3.

Crimes of Persuasion (2000). Deceptive Timeshare, Campground and Travel Club Sales. (Online). Available from URL:   3 November 2005).http://www.crimes-of-persuasion.com/Crimes/InPerson/MajorPerson/time_shares.htm ,(accessed

strategy successful?
The sudden resurgence experienced by the Primm Valley Casino Resorts is based entirely on the recreation firm's response to natural market behavior. As its own executives reveal in the article by Medina (2011), it was only when they observed the rising popularity of the casino with a growing Hispanic population that the Casino decided to go all-in on a strategy of Latino courtship. By responding to natural market behavior rather than attempting to shoehorn the casino to fit expected demographic responses -- as had been done somewhat unsuccessfully with country music fans and retirees -- the casino town has seen a natural response of interest by this inherent target group.

This kind of responsiveness is surely at the base of the firm's success. Moreover, the change in strategy represents a departure from conventional logic in the industry. As the article by Medina reports, "People have always said things like,…...

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Works Cited:

Medina, J. (2011) Casino Town Puts Its Money On Hispanic Market. The New York Times.

Business Management
In the present day, casino resorts are amidst the most perceptible hospitality business operations across the world. The casino industry has had an astonishing and remarkable growth over the years. In particular, the casino industry is by far one of the most considerable developments in the hospitality industry, in the course of the past thirty years or so. Its coming together with the lodging and hospitality industries has been significant and astounding. It can easily be pointed out that the biggest hotels across the globe are casino resorts, which are located in the Strip of Las Vegas (Walker, 2013).

Some of the aspects that sets apart the casino industry from other hospitality entities, and gives it a competitive advantage is that aside from the casino itself, the industry offers a full spread of entertainment, lodging, food and beverage, and also retail services. Different from other hospitality entities, the casino industry…...

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References

Walker, J. (2013). Introduction to Hospitality. New Jersey: Pearson Higher Education.

Walker, J. R., Walker, J. T. (2013). Introduction to Hospitality Management. New Jersey: Pearson Higher Education.

If you have yet to eat in a casino -- trust me as one who eats in one several times a week -- you are truly missing out on a fantastic culinary experience.
After dinner, most casinos have bars and nightclubs to entertain you. This fits it with the theme of being a multi-purpose entertainment center. In some venues, sports bars are popular. They give gamblers and non-gamblers alike a means to escape the craziness of the floor. Sports bars provide a casual meeting point for people and a venue to relax after a hard day's vacationing, not to mention a place to watch the games on which they have placed a wager. Nightclubs allow guests to blow off steam. The clubs offer a wide range of music and entertainment options, and provide an additional drinking venue as well.

Another major form of entertainment, often overlooked, is shopping. People not only…...

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Works Cited:

No author. (2008). The Palazzo Las Vegas' Restaurant Charlie receives Michelin star. VegasNews. Retrieved February 12, 2010 from  http://www.vegasnews.com/1252/the-palazzo-las-vegas%E2%80%99-restaurant-charlie-receives-michelin-star.html 

McCord, M. (2009). Four Seasons Hong Kong eateries win 3 Michelin stars. Bloomberg. Retrieved February 12, 2010 from  http://www.bloomberg.com/apps/news?pid=20601088&sid=a78GGRRDnM5U

Business Plan Proposal:
The Ducks Poker Room

Business Plan Proposal: The Ducks Poker Room

Executive Summary/Company Description

The Ducks Poker Room will be a new for-profit gaming club primarily hosting players of versions of the card game known as "Poker." The Ducks Poker Room will also offer alternate games, including but not limited to promotions for prize pools involving tickets to college basketball and football games. Finally, The Ducks Poker Room will host patrons who are not playing poker.

Business Plan Objectives

Provide exceptional facilities, equipment, service, staff and merchandise that create a highly positive impression on our core customers;

Consistent entertainment atmosphere and product quality;

Capitalize on excellent location opportunity;

d. Launch the venue with a highly publicized grand opening event in the spring of Year 1;

e. Maintain tight control of costs, operations, and cash flow through diligent management and automated computer control;

f. Maintain food costs below 33% of food revenue;

g. Maintain total beverage costs below 25% of…...

Introduction
The Cherokee Tribe in North Carolina is part of the Eastern Band of Cherokee Indians, a federally-recognized independent Native American Cherokee tribe whose home base is in Cherokee, North Carolina, south of the Smoky Mountains. The Eastern Band is comprised of the descendants of the approximately 800 Cherokee who did not join the Trail of Tears—the forced migration of the Native American nations from the Southern U.S. region to the western U.S. region designated by the U.S. government as Indian Territory following the Indian Removal Act of 1830. This relatively small number of Cherokee (compared to the 16,000 Cherokee who were relocated) avoided relocation by living on privately owned land, as opposed to communal land. For example, some 400 Cherokee lived on acreage owned by William Holland Thomas in the Smoky Mountains. Thomas had been taken in by the Cherokee in his youth and now returned the favor in his…...

That relieves all the pent-up anxiety of a Trump wannabe. Therefore, such a viewer remains content with his or her current life, acquiescing to (and as a result reinforcing) current hegemonic power structures (i.e., the real power of big corporations, and corporate players like Trump, over all the rest of us)).
"The Apprentice" is especially successful at pro-hegemonic reinforcement, moreover, since it focuses on a subject we all (except for those born independently wealthy, or winners of huge lotteries) recognize and experience day-to-day: work. Hegemonic power of corporate workplaces, and, by association, a national government that allows, and encourages, corporate uses and abuses of power, are validated by "The Apprentice's" implicit suggestion that a high-powered corporate career, the higher paid and more prestigious the better [the stuff that makes the Ken Lays of the world tick], is exciting, fun, glamorous, where the winners are, and something to aspire to, rather…...

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Works Cited

"Dinsdag." November 30, 2004. Swerve Left. Retrieved May 11, 2005, from:

.

"Inkwell." Independent Women's Forum. Retrieved May 11, 2005, from:

Since ownership of the building had not changed recently, there was no requirement to upgrade to a sprinkler system, and combined with the building's historic status, this was never done. There were also problems with water pressure and receiving water during the fire, which they recommended should be addressed.
In conclusion, the Mizpah fire was a tragic fire that did not need to occur. Had the building been equipped with a sprinkler system, the tragedy and damages could have been avoided. The City of eno has begun inspections as a result of the fire, and there have been some changes in procedure. The entire building was eventually demolished, and the site is empty today. Twelve victims might be alive today if a working sprinkler system had been installed in the building, and it is a lesson for other fire departments across the nation. They need to make it easier to…...

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References

Ockershausen, J. And Cohen, H. (2008). Twelve-fatality hotel arson: Reno, Nevada. Retrieved 24 Nov. 2008 from the USFA Web site:  http://www.usfa.dhs.gov/downloads/pdf/publications/tr_164.pdf .

O'Malley, J. (2007). Deaths in Mizpah fire rise to 12 as investigators sift through ruins. Retrieved 24 Nov. 2008 from the Reno Gazette Journal Web site:  http://www.rgj.com/article/20061108/NEWS06/101190030/0/NEWS .

Powers, L. (2008). Chief: Mizpah justifies checks. Report: firefighters saw mattresses less than an hour before blaze. Retrieved 24 Nov. 2008 from the Reno Gazette Journal Web site:  http://www.rgj.com/article/20081115/NEWS/81115032&OAS_sitepage=news.rgj.com%2Fbreakingnews .

Turner, Laura. (2007). Firefighters use hotel for training. Retrieved 24 Nov. 2008 from the High Beam Web site:  http://www.highbeam.com/doc/1G1-163865675.html .

Organizational Psychology
Among the challenges faced by Borgata in the months before its opening was the daunting task of hiring 5000 employees. Hiring 5,000 employees in just a few months is a challenge under any circumstance. The massive recruitment process at Borgata was made more difficult since it did not have a physical employee center within Atlantic City, it was hosting the development data center about 100 miles away and therefore they needed to complete the process of hiring through the web. In order for Borgata to find high quality employees enough to fill the required positions they had to engage in a creative recruitment campaign which led to 30,000 well qualified job applicants (Overman, 2004). The Borgata Casino and Spa was a perfect example of an entity that required a large volume of personal that are of high quality within a very short timeframe. Casinos are highly competitive businesses…...

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References

Overman, S. (2004). Someplace Different' for 5,000 Workers. Retrieved September 13, 2013 from  http://stephenieoverman.com/someplacedifferent.html 

Microsoft Corporation. (2007).Borgata Hotel Casino and Spa. Retrieved September 13, 2013 from maamodt.asp.radford.edu/Aamodt (5th)/Case Study Articles/Case Study 4 - Borgata Hotel.pdf