The Gaming Entertainment Indutry
The Gaming Entertainment Indutry
The Gaming Entertainment Indutry
ENTERTAINMENT
INDUTRY
WHAT IS GAMING
ENTERTAINMENT?
CASINOS
CARD GAMES
BETTING ON GREYHOUND
HORSE RACING
CASINO
Is a sport of running
horses at speed, mainly
Thoroughbreds with a
rider astride or
Standardbreds with the
horse pulling conveyance
with a driver.
Gaming Entertainment
Defined
Gaming Entertainment…
-Commercial and Native American casinos
-Card rooms
-Charitable games
-Lottery operated games
-Wagering on greyhound and horse races
Definitions
Handle…
-What the consumer bets (wagers)
-$500 billion dollars
Win…
-Gross gambling revenue
-$48 billion dollars
Casinos count for half of the U.S. gaming dollars
Gaming Versus Gambling
Gaming entertainment…
-Casino floor (gambling)
-High-quality food and beverage
-Hotel rooms
-Live performances
-Theme park, theme rides, and museums
-Land, based, and riverboats
Gambling…
-Playing a game of risk for chance of making money
Who Is the Guest?
Guests…
-Increasing acceptance by all consumers
-32% of U.S. households gamble in casinos
-Younger players
-White-collar jobs
-Wants total entertainment experience
History of Gaming
History…
-Gambling legalized in 1931 in Las Vegas
-From 1940-1978 Las Vegas was a monopoly for gaming
No hotel rooms
No entertainment
-Gaming Control Board and Nevada Gaming
Commission
The Move to New Jersey
New Jersey…
-Gambling legalized in 1976
-Looked at gaming to invest capital, create jobs, pay
taxes, and attract tourists
-Casino Control Act funded Casino Control Commission
Native American Gaming
Native American…
-In 1987 the Supreme Court determined if state has
gaming, so may Native Americans
-11% of all winnings are from Native American casinos
-Indian Gaming Regulatory Act (IGRA)
Provides framework for games
Defines different “classes” of gaming
National Gambling Impact
Study Commission
Commission…
-Signed into law in 1996 to study social and economic
impacts of gambling in the United States
-Two-year study
Focus of Commission
Commission (cont.)…
-Review existing policies
-Relationship
Gambling and crime
electronic means
Size and Scope
Growth…
-Publicly traded companies is 45
-Public acceptance
-People like to wager
-More demand than supply
Aided economic growth in states…
-Taxes
-Capital investment
Controversy
Controversy…
-Dislike of gaming
Moral beliefs
-Social costs
Organized crime
Street crime
-Gambling addictions
Key Players
Mirage Resorts
Mirage Resorts…
-Treasure Island
-Golden Nugget
-Monte Carlo
-Bellagio
-Soon to be in Atlantic City
Key Players
Harrah’s Entertainment
Harrah’s Entertainment…
-Reno, Lake Tahoe, Las Vegas, and Laughlin NV
-Atlantic City, NJ
-Riverboat and dockside casinos
-Native American Casinos
Key Players
Hilton Hotels Corporation
Hilton Hotels Corporation…
-Purchased Bally Entertainment
-Las Vegas, Reno, and Laughlin
-Atlantic City
-New Orleans riverboat
-Canadian casino
Star Trek at Hilton Las
Vegas
Star Trek…
-$70 million venture
-Targets
Baby boomers
Generation X
-Simulation ride
-Television screens
Key Players
Players…
-Caesars World hotel/casinos
-Las Vegas, Lake Tahoe
-Atlantic City
Key Players
Circus Circus
Excalibur…
-Based on medieval period of time
-4000 hotel rooms
-Evening jousting matches
Key Players
MGM Grand
MGM Grand…
-113 acres
-5000 hotel rooms
-“City of Entertainment”
-Six-story lion entry
New Players
New Players…
-Boyd Gaming
10 gaming and hotel facilities in 4 states
-Grand Casinos
Develops, constructs, and manages land-based and dockside casinos
-New York New York Casino
-Sands Venetian Resort
Careers in Gaming
Entertainment
Careers…
-Hotel operations
-Food and beverage operations
-Casino operations
-Retail operations
-Entertainment operations
Trends in Gaming
Entertainment
Trends…
-Merging frenzy
-Look at entertainment for profit & growth
-Hotel room inventory in gaming properties is
expanding
-Continued scrutiny by government
-Exceptional service quality is key to success
-Great management opportunities for students
REASONS FOR VISITING CASINOS
1. EMPLOYMENT
2. TO PLAY THE GAMES
3. TO EAT AND DRINK
4. ENTERTAINMENT
5. TO SOCIALIZE
6. MEETING NEW
PEOPLE
Games and Facilities
that exist on Casino
Floor
Table and Card Games
Blackjack
The object of the game is to have the two cards in your hand
Players place three equal bets on the table, then receive three
cards, with two community cards being dealt as the game
progresses.
Three Card Poker
Three Card Poker is two games in one, offering
The difference between keno and bingo is that bingo players do not have the
option to choose their own numbers, so some online sites allow you to change
your cards if you’re not happy with your existing ones, but you can’t
physically pick and choose each number on your card/cards, or if you choose
to play in cheaper or more expensive room. With Keno, players can pick up
to twenty numbers from the selection available, and decide what type of bet
they wish to make, and how much they want to wager.
RACE AND SPORTS
BOOK
Race books featuring wagering
on horse track on betting while
sports books feature
professional and collegiate
sporting events.
CASINO CAGE
Https://www.Britannica.com>sports
https://mirage.mgmresorts.com
http://www.winkslots.com
http://www.twolittlefleas.com
–source