Introduction Casinos nowadays are considered as a strategic component in the development of tourism destinations (Kim, Prideaux & Kim, 2002). Casinos purpose is making money at your own risk. It has been determined that casinos are located in through the United States and in global nationwide. Throughout this paper, we will see how that the global industries are competitive and characteristics that make casinos global.
Description of Casinos Bloomberg described casinos as an industry that profits from people betting against the odds is looking for more risk takers online and in Asia (Bloomberg). Any time we are betting online or in the casinos, we consider ourselves as risk takers because of taking chances on winning or losing. Peter Mason describes casinos as a place that people legally allows people to engage in activities of gambling and recreational consumption, can also directly and indirectly impacts are somehow tangible and intangible in the host community, in which casino gamblers interact with local environment, economy, and society (Mason, 2003).
Competitive Market Leaders in the Casino Industry Penn National Gaming Inc. operates in several states such as West Virginia, Mississippi, Louisiana and Pennsylvania. Penn National Gaming Inc. also operates in the Province of Ontario Canada. All these different places operates in different areas such as slot machines, casinos, riverboat casinos and racetracks. Penn National Gaming Inc. reported unadvised
Social Although gambling industry can bring more employment opportunities and offer diversified leisure activities for the public, it could also lead harms. ‘Problem Gambling’ is the main disadvantage that gambling produced, it may result in an increasing number of personal bankruptcy, suicide, crime and child welfare may be ignored and so on (Williams, Rehm & Stevens, 2011). Hence, the Australian Gaming Council formulated the Responsible Gaming regulation to conduct the gambling industry in Australia and reduce the existing and potential harms.
Gambling is becoming increasingly popular in today’s society. Major casinos and online gambling sites attract
As the casino industry brings in the community with income and tourism, there are more and more countries legalizing and liberalizing this industry. However, the expansion of the casino industry depends on the ability to grant credit to guest. In Nevada, the casino credit accounts for more than fifty percent of the revenue generated by games in the states larger casinos. (Auguilera, Rubinstein, and Reid, 2000) Steve Wynn Resort did not start to conduct the Wynn
Middleton and Latif write about the government’s plans to establish casinos in the United Kingdom and that more thought should be put in to the potential health effects it may cause. Both define problem gambling and the effects on one’s physical, mental and social well-being.
There are many reasons to link financial problems and crime to the large revenues of gambling. Financial losses are one of the extreme threats and costs to the gambler. This is because
Gambling has made immense impacts on the everyday lives of a countless amount of people. Somehow this western pastime has integrated and almost taken control of the Asian and American Asian communities. The gambling issue within the Asian culture has affected families, and individuals in such drastic ways. Within the last few years we have seen an immense outburst of gambling in Macau, which is now the gambling capital of the world. Along with the recent outburst of gambling in Macau we find the dark side of gambling. The illegal activities that follow gambling have taken a toll on society as well as the people involved. Also we quickly see the economic impact made by all the money flowing through Macau. Gambling
“The state Department of Health and Mental Hygiene conducted a study before the first Maryland casino opened in 2010, and published it in 2011. They found that nearly 90 percent of Marylanders had gambled, and that 3.4 percent were either pathological gamblers or problem gamblers.” (Massimo) There has been numerous stories of addicted gamblers in debt, gamblers that have lost family and friends from their addictions. There was a man $400,000 in debt, his wife threw him out of the house and told him he could not see his kids again unless he gave up gambling. Also, another gambler went on a 48 hour binge without sleeping and barely eating. A woman faced a jail term for stealing $135,000 to feed her gambling
Also, the development of casinos are drawing people back, people that are talented in business management, economics, and other business skills. With these casinos, these type of people are highly sought after, and are able to return because of the financial gain these individuals can gain for themselves and their families.
Gambling is all around the United States, and it can be a dangerous game for families. Many casino’s find gambling as a profit for their Company, since many people from around the United States will come to their casino and try to win it big with their own money. Gambling has been around for many years and a statement made by Worldcasinodirectory.com, stated “To begin with, gambling did not originate in the US- it came to this country with immigrants from Europe, Asia- especially China, and other parts of the world.” The United States was just another victim of an ongoing addiction. By, understanding how gambling reached the borders of The United States, how a notorious gang leader started the empire of gambling, and how an addiction pushes people to their limits, can help understand how gambling has become such a demanding element in a society.
Gambling has been a popular activity in the United States from the 1600’s to the present day United States. As gambling grows as a worldwide enterprise, it expands the United States with the opportunities it provides and the attention it consumes. Gambling as a whole benefits different recreational activities and events such as sports. Gambling also allows people visiting places like Las Vegas to enjoy playing poker with friends and even winning money after a game of poker or Slot Machine. Gambling allows many activities to be expanded to their full potential and offer people the full
In the early 1930s, gambling was legalized throughout the state of Nevada and casinos began to flourish (Dunstan, 1997). The economic growth in Nevada, especially the city of Las Vegas, has improved tremendously by the creation of casinos. Many people were employed since the operation of casinos requires a huge amount of labor, skill, and expertise. In addition, local retail sales also increased from casinos when gamblers visit the stores to spend their winnings on various items and products (Garrett, 2003). As a result, many state governments began to legalize casinos in order to boost their economies and increase employment. As of today, there are roughly 1500 casinos in the United States and they generate almost 65 billion dollars in revenue (“Facts on U.S Casinos” 2013). However, casinos use immoral methods to achieve this incredible feat of big profit with few government interventions. While the city of Las Vegas becomes more prosperous than before, many citizens lose their fortunes or even lives by the immoral business practices implemented by the casinos. Even though the
“The geographic location of a casino is a huge consideration” (Lewis pg. 1). Demographics, travel patterns and nearby competition play a significant part in casino design. “ Most people in North America live within a day’s drive of one or more gaming areas” (Lewis pg. 1), so in order to attract people to the casino there must be something other than the gaming floor to draw them in. Many amenity and non-gaming attractions must be considered in order to really stand out. The casino must design strong support facilities, a hotel that can accommodate as many players as it can afford, a parking system for the traveling patrons, non-gambling facilities for families and it must be an inviting space.
The casino marketing is directed to individuals who want to have fun and those who are willing to risk their mortgages (Klebanow, 2009)
Utilitarianism suggests that the act that results in the greatest amount of happiness for the greatest number of individuals is the option that we should choose. Whether gambling should be deemed as an ethical or unethical act depends entirely on the consequences and benefits gambling has on casinos, gamblers, and non-gamblers. If gambling results in the overall increase of a casino’s profit and the overall increase of a gambler’s profit and mental health, then the act of gambling would be considered ethical. However, if the act has more negative implications than positive, then the act of gambling would be unethical. For example, it would be unethical if the transaction between casinos and gamblers was rigged solely for the casino 's financial benefit while exploiting those who gamble there. The significant concern of this paper is not to point a finger at casinos and other gambling mediums as a means to blame them for the mental conditions of those who we’d consider as gambling addicts. Instead, the point of this paper is to acknowledge the effects of gambling and propose the importance of responsibility. I will present an unbiased view of gambling, paying close attention to the psychological effects and motives individuals have regarding gambling at casinos. Also, I will look at the positive results associated with having a successful casino business, so that allowing gambling is ethical from a utilitarian point of
The casino environment is a space of which I am quite familiar. I have spent a considerable proportion of my working life on the casino floor. During my time working for Crown and for other operations, I spent the majority of those years in the VIP gaming rooms that specially catered for specific ethnicities. There are various factors that contribute to the relationship between casinos and the Chinese and Vietnamese peoples. In the following essay I explore the Western exportation of contemporary casino leisure and entertainment spaces to Asia. I examine the spaces and environments casinos produce and how Asian cultural groups use and inhabit them. I expand to contextualize the casino as a venue for entertainment and its function contributing to behavioral and cultural practices of expatriate migrant communities. I conclude by proposing that disruption of the gambling industry from online alternatives will impact social behaviors of communities’ in ways that may contribute to adaptations of interpersonal connections and cultural exchanges for people of Chinese and Vietnamese cultural identities.