Double Aces requires its franchisees to hire a full-time manager to directly supervise “on-premises” the business. He/she must have at least two years managerial experience in the casino business, pass Double Aces’ training program, work at least 40 hours per week, and personally supervise the daily operation of the casino. Before assuming managerial responsibilities, the manager is required to sign a confidentiality agreement to maintain confidentiality of the proprietary information described in Item 14, as well as a non-competition agreement to conform with the covenants not to compete described in Item 17. Your designated manager need not have an ownership of the franchised business. Double Aces also recommends that the franchisee personally
SALES BUDGET: Budgeted unit sales Selling price per unit Total Sales April 65,000 10 650,000 May 100,000 10 1,000,000 June 50,000 10 500,000
Students are asked to register for the services of the CSUF Career Center. For information about these services, please see www.fullerton.edu/career. You may also wish to visit the MCBE Career Center at http://business.fullerton.edu/undergraduate/careerservices//
- The casino is seen as a desirable place to work Action controls: - Behavioral constraints : separation of duties : ‘floor supervisors’, ‘pit managers’, ‘shift managers’ - Action accountability : individual accountability for cash and (cash equivalent) stocks - Administrative constraints: strict rules for the dealer to follow when advancing the chips in the amount of the marker to the customer. Everything is processed under surveillance cameras. Cash controls: formal procedures for transfers of cash; strict controls over credit issuance; Tight control in the count rooms. b) The black-jack pit boss Action controls for pit managers (also called pit bosses): - Behavioral control : physical control such as signing the table inventory sheet - No access to the computer system recording the inventory sheets - Separation of duties : when opening a new table, the mix of chips is approved by other people through a computer terminal - No access to the keys of the padlock containing the drop boxes - Security guards controlling the operations The pit boss has to
o Find out which, if any, of the franchisees would like to acquire more locations. Begin the process of prospecting for new
Some issues can be found with the employees working at the casino, but others can be attributed to the lack of professionalism and leadership within the different leaders and management of the casino. For example, it was mentioned several times during exit interviews that Joe, the pit boss, was toxic, overbearing, evil, and incompetent. The human resources director, Tom Sneed, is afraid of doing what is necessary due to the fact that Joe is the owner’s stepson. This increases the amount of work for the employees
This section will help you to evidence Learning Outcome 3: Understand how to manage budgets.
Franchisees may face competition from other franchisees, from outlets that owned by Melt Bar and Grill. The initial contract term will be 10 years commencing on the date the franchisee opens the restaurant for business. If the franchisee is in good standing, he or she can renew for two additional periods of five years each. If franchisees operate a restaurant, they must be personally involved in the operation of the Restaurant on a full-time basis; also, they are not allowed to delegate the day-to-day management responsibilities to a manager. The franchisee responsible for the operation of his or her restaurant must complete the training course. During the term of the contract, the franchisee or an officer, director, shareholder, member, partner, Control Person, trustee or equity owner of the franchisee’s legal entity approved by Melt Bar and Grill, must spend a minimum of 40 hours per week at the Restaurant overseeing and supervising the operation of the Restaurant. The franchisee must devote at least eight hours per week of physical presence at the Restaurant during open and operating hours. In addition, the franchisee must assure that he or she is actually supervising the operation of the restaurant during all open and operating
Five sheriff's deputies in North Carolina have been disciplined for not acting when a black protestor was punched in face by a white supporter at Donald J. Trump's rally on March 9.
Casino general managers supervise and coordinate the overall operations at a casino.They strive to make sure the casino runs efficiently, earns a profit, and operates within parameters established by gaming laws. Marketing, personnel, customer satisfaction, and security are some of the areas overseen by casino general managers. Casino workers have to deal with second-hand smoke, high noise levels, and exuberant or upset customers .Casino general managers must hold a bachelor 's degree in a relevant field and have prior experience in the casino industry. Employees need a state license to work in the gaming industry.
I was not aware of the laws that protect owners of casinos from liabilities. Personally, I have never spent money in a casino. Not that I am against their existence, but rather that I work very diligently for my money and I enjoy other leisurely activities. I do understand that casinos make up part of the hospitality industry, actively
Undoubtedly, casino industry is one of the profitable industries in the United States. Setting up a casino with a huge investment may be easier. However, management of casinos requires much groundwork for the casino managers. Traditional way of running the casino is no longer viable in the current scenario. The days have gone when casino meant only a few slot machines for people’s entertainment. Tough competition in the casino industry made the task of casino managers more complex.
An executive and administrative assistant’s role is in a position of trust. The executive of the administrative assistant are often entrusted with documents of a very sensitive nature such as payroll and salary, medical records, itinerary and schedules, correspondence and trade secrets. It is very important to ensure confidential information is protect from unauthorized personnel. A breach of sensitive information could result in identify theft, the potential for blackmail, emotional distress, or unwarranted exposure.
The lack of consistent sales (some quarters having no sale at all) will ultimately put the future health of the company in jeopardy. The owners, who are also the managers are aware of the sales teams activates and the financial requirements needed to operate the company. The owner/managers have not taken any action to address the lack of sales and have not proposed any remedy to change the current status quo.
If the application is approved. A financial advisor is assigned to the hopeful franchisee in which help is awarded with finances and applying for a franchise loan.
The ABE International Business College is the premier global resource of management and leadership education in the Philippines. ABE was founded in 1999 to meet the growing demands of world-class but affordable business education. The study will provide information on the effectiveness of the marketing strategies used by the ABE International Business College for the SY 20141 and 20151.