Essay: A broad view of the casino and its management

ESSAY SAMPLES, Essays on Business

Sample Essay

Introduction
At the turn of the century, the American Gaming Association stated that the legal gambling revenue from Commercial Casinos was 43% while the legal gambling revenue from Lotteries was 28%, Indian Gaming accounted for only 17%, Horse, dog, jai-alai – accounted for 6%, Charitable games accounted for  only 4% while Card rooms accounted for only 2%. Casinos have reached a position where they are regarded as a prominent industry and are considered to hold a rather prominent position in society. This paper shall attempt to shed light upon the current standing of casinos in the United States and shall endeavor to elaborate on the evolution of the casino industry.
Once a foundation has been established, the paper shall proceed to delve into the numerous games that are offered under the umbrella of casinos and the numerous laws that exist for the regulation of these games to ensure fair play. The paper shall then move further to highlight the significance of effective and efficient management in the scenario of casinos and shall shed light on the various variables that need to be considered in the process of effective casino management. The paper shall then conclude by presenting a hypothetical conclusion which suggests the gist of the course of actions that casino managers need to take in light of the obstacles that they are faced with in the coming circumstances.

IntroductionAt the turn of the century, the American Gaming Association stated that the legal gambling revenue from Commercial Casinos was 43% while the legal gambling revenue from Lotteries was 28%, Indian Gaming accounted for only 17%, Horse, dog, jai-alai – accounted for 6%, Charitable games accounted for  only 4% while Card rooms accounted for only 2%. Casinos have reached a position where they are regarded as a prominent industry and are considered to hold a rather prominent position in society. This paper shall attempt to shed light upon the current standing of casinos in the United States and shall endeavor to elaborate on the evolution of the casino industry. Once a foundation has been established, the paper shall proceed to delve into the numerous games that are offered under the umbrella of casinos and the numerous laws that exist for the regulation of these games to ensure fair play. The paper shall then move further to highlight the significance of effective and efficient management in the scenario of casinos and shall shed light on the various variables that need to be considered in the process of effective casino management. The paper shall then conclude by presenting a hypothetical conclusion which suggests the gist of the course of actions that casino managers need to take in light of the obstacles that they are faced with in the coming circumstances.

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