the gaming entertainment industry l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
The Gaming Entertainment Industry PowerPoint Presentation
Download Presentation
The Gaming Entertainment Industry

Loading in 2 Seconds...

play fullscreen
1 / 25

The Gaming Entertainment Industry - PowerPoint PPT Presentation


  • 2606 Views
  • Uploaded on

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…

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

The Gaming Entertainment Industry


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
    Presentation Transcript
    1. C H A P T E R C H A P T E R The Gaming Entertainment Industry 11

    2. Gaming Entertainment Defined • Gaming Entertainment… • Commercial and Native American casinos • Card rooms • Charitable games • Lottery operated games • Wagering on greyhound and horse races

    3. 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

    4. 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

    5. 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

    6. 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

    7. 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

    8. 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

    9. 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

    10. Focus of Commission • Commission (cont.)… • Review existing policies • Relationship • Gambling and crime • Assess problem gambling • Review impact on society

    11. Focus of Commission • Commission (cont.)… • Determine how gambling affects revenue to government • Study interstate and international effects of gambling by electronic means

    12. 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

    13. Controversy • Controversy… • Dislike of gaming • Moral beliefs • Social costs • Organized crime • Street crime • Gambling addictions

    14. Key Players Mirage Resorts • Mirage Resorts… • Treasure Island • Golden Nugget • Monte Carlo • Bellagio • Soon to be in Atlantic City

    15. 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

    16. Key PlayersHilton Hotels Corporation • Hilton Hotels Corporation… • Purchased Bally Entertainment • Las Vegas, Reno, and Laughlin • Atlantic City • New Orleans riverboat • Canadian casino

    17. Star Trek at Hilton Las Vegas • Star Trek… • $70 million venture • Targets • Baby boomers • Generation X • Simulation ride • Television screens

    18. Key Players • Players… • Caesars World hotel/casinos • Las Vegas, Lake Tahoe • Atlantic City

    19. Key PlayersCircus Circus • Circus Circus Hotel… • Owns hotels and casinos in three states

    20. Luxor Owned by Circus Circus • Luxor… • Based on Egyptian pyramid • World’s largest atrium • 4500 hotel rooms • Thrill seeking rides • Museum

    21. Excalibur Owned byCircus Circus • Excalibur… • Based on medieval period of time • 4000 hotel rooms • Evening jousting matches

    22. Key PlayersMGM Grand • MGM Grand… • 113 acres • 5000 hotel rooms • “City of Entertainment” • Six-story lion entry

    23. 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

    24. Careers in Gaming Entertainment • Careers… • Hotel operations • Food and beverage operations • Casino operations • Retail operations • Entertainment operations

    25. 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