The Gaming Entertainment Industry - PowerPoint PPT Presentation

Loading...

PPT – The Gaming Entertainment Industry PowerPoint presentation | free to view - id: 3abee-YzZhM



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

The Gaming Entertainment Industry

Description:

Nevada, Connecticut, New Jersey & Louisiana. Casino Gambling Directory ... Lottery operated games. Wagering on greyhound and horse races. Definitions. Handle... – PowerPoint PPT presentation

Number of Views:3767
Avg rating:3.0/5.0
Slides: 29
Provided by: paula214
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: The Gaming Entertainment Industry


1
The Gaming Entertainment Industry
C H A P T E R
C H A P T E R
12
2
After Reading and Studying This Chapter, You
Should Be Able to
  • Outline the history of the gaming entertainment
    industry
  • Describe the various activities related to gaming
    entertainment
  • Explain how gaming entertainment is converging
    with other aspects of the hospitality business
  • Discuss the controversies surrounding the gaming
    entertainment industry

3
Casinos
  • A place to legally wager money
  • UK
  • Nevada, Connecticut, New Jersey Louisiana
  • Casino Gambling Directory

4
Gaming Entertainment Defined
  • Gaming Entertainment
  • Commercial and Native American casinos
  • Card rooms
  • Charitable games
  • Lottery operated games
  • Wagering on greyhound and horse races

5
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

6
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

7
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

8
Las Vegas
http//www.insidervlv.com/hotelslargestworld.html
9
Las Vegas by the Numbershttp//cber.unlv.edu/tour
.html
Time Magazine July 26, 2004
  • 6.2 Billion
  • 32.8 Billion
  • 6.1 billion of it went to gambling. Shows, hotel
    rooms, restaurants, clubs and shops accounted for
    the rest
  • 35.5 million visitors
  • 5.6 million
  • The number of convention delegates who poured
    into Vegas in 2003, an 11 increase from the year
    before
  • RevPAR 190 up 40 from previous year
  • Occupancy 95
  • Vegas is the fastest-growing major U.S city
    7,000 people move to Clark County each month 

10
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

11
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

12
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
  • www.mohegansun.com
  • www.foxwoods.com
  • http//www.indiangaming.org/info/pr/press-releases
    -2006/NIGA-Gaming-Survey-2006.pdf

13
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

14
Focus of Commission
  • Commission (cont.)
  • Review existing policies
  • Relationship
  • Gambling and crime
  • Assess problem gambling
  • Review impact on society
  • Determine how gambling affects revenue to
    government
  • Study interstate and international effects of
    gambling by electronic means

15
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

16
Controversy
  • Controversy
  • Dislike of gaming
  • Moral beliefs
  • Social costs
  • Organized crime
  • Street crime
  • Gambling addictions

17
Key Players Mirage Resorts
  • Mirage Resorts
  • Treasure Island
  • Golden Nugget
  • Monte Carlo
  • Bellagio
  • Soon to be in Atlantic City

18
Key Players Harrahs Entertainment
  • Harrahs Entertainment
  • Reno, Lake Tahoe, Las Vegas, and Laughlin NV
  • Atlantic City, NJ
  • Riverboat and dockside casinos
  • Native American Casinos
  • http//www.harrahs.com/

19
Key PlayersHilton Hotels Corporation
  • Hilton Hotels Corporation
  • Purchased Bally Entertainment
  • Las Vegas, Reno, and Laughlin
  • Atlantic City
  • New Orleans riverboat
  • Canadian casino

20
Star Trek at Hilton Las Vegas
  • Star Trek
  • 70 million venture
  • Targets
  • Baby boomers
  • Generation X
  • Simulation ride
  • Television screens

21
Key Players
  • Players
  • Caesars World hotel/casinos
  • Las Vegas, Lake Tahoe
  • Atlantic City
  • Circus Circus Hotel
  • Owns hotels and casinos in three states

22
Luxor Owned by Circus Circus
  • Luxor
  • Based on Egyptian pyramid
  • Worlds largest atrium
  • 4500 hotel rooms
  • Thrill seeking rides
  • Museum

23
Excalibur Owned byCircus Circus
  • Excalibur
  • Based on medieval period of time
  • 4000 hotel rooms
  • Evening jousting matches

24
Key PlayersMGM Grand
  • MGM Grand
  • 113 acres
  • 5034 hotel rooms
  • City of Entertainment
  • Six-story lion entry

25
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

26
Big Names in Las VegasStatus as of July 2004
  •  
  • 1) Kirk Kerkorian
  • MGM Mirage purchased that off Steve Wynn
  • MGM Grand 5034 rooms
  • Mandalay Resort Group
  • 2) Steve Wynn
  • Bellagio
  • Mirage
  • Treasure Island
  • Wynn http//www.wynnlasvegas.com/
  •  
  • 3) Sheldon Adelson
  • Venetian
  • Sands Inc.
  • Anti union stance has made him a little
    unpopular uses an armed escort of ex-Mossad
    Israeli intelligence agents
  • 4) Gary Loveman
  • Former Harvard Business School professor
  • Harrahs Entertainment now owns Caesars
    Entertainment worlds biggest casino operator
  •  

27
Careers in Gaming Entertainment
  • Careers
  • Hotel operations
  • Food and beverage operations
  • Casino operations
  • Retail operations
  • Entertainment operations

28
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
About PowerShow.com