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C H A P T E R. C H A P T E R. The Gaming Entertainment Industry. 11. 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…

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gaming entertainment defined
Gaming Entertainment Defined
  • Gaming Entertainment…
    • Commercial and Native American casinos
    • Card rooms
    • Charitable games
    • Lottery operated games
    • Wagering on greyhound and horse races
definitions
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 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
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 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
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 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
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
Focus of Commission
  • Commission (cont.)…
    • Review existing policies
    • Relationship
      • Gambling and crime
    • Assess problem gambling
    • Review impact on society
focus of commission11
Focus of Commission
  • Commission (cont.)…
    • Determine how gambling affects revenue to government
    • Study interstate and international effects of gambling by electronic means
size and scope
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
  • Controversy…
    • Dislike of gaming
      • Moral beliefs
    • Social costs
      • Organized crime
      • Street crime
    • Gambling addictions
key players mirage resorts
Key Players Mirage Resorts
  • Mirage Resorts…
    • Treasure Island
    • Golden Nugget
    • Monte Carlo
    • Bellagio
    • Soon to be in Atlantic City
key players harrah s entertainment
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
Key PlayersHilton 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 at Hilton Las Vegas
  • Star Trek…
    • $70 million venture
    • Targets
      • Baby boomers
      • Generation X
    • Simulation ride
    • Television screens
key players
Key Players
  • Players…
    • Caesars World hotel/casinos
    • Las Vegas, Lake Tahoe
    • Atlantic City
key players circus circus
Key PlayersCircus Circus
  • Circus Circus Hotel…
    • Owns hotels and casinos in three states
luxor owned by circus circus
Luxor Owned by Circus Circus
  • Luxor…
    • Based on Egyptian pyramid
    • World’s largest atrium
    • 4500 hotel rooms
    • Thrill seeking rides
    • Museum
excalibur owned by circus circus
Excalibur Owned byCircus Circus
  • Excalibur…
    • Based on medieval period of time
    • 4000 hotel rooms
    • Evening jousting matches
key players mgm grand
Key PlayersMGM Grand
  • MGM Grand…
    • 113 acres
    • 5000 hotel rooms
    • “City of Entertainment”
    • Six-story lion entry
new players
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 in Gaming Entertainment
  • Careers…
    • Hotel operations
    • Food and beverage operations
    • Casino operations
    • Retail operations
    • Entertainment operations
trends in gaming entertainment
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
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