Controls at the Bellagio Casino Resort

3. Are any of the control systems in place at the Bellagio suitable for firms in other industries?

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.

Answer: Gaming law is the set of rules and regulations that apply to the gaming industry. Owner must have a proper license to provide gaming facility. Employees must have an appropriate license and training to deal with the customer. Employees must be free from any criminal background. Warning signs of risk of gambling must be displayed clearly. All gambling activities must be recorded in case of any problem. Minors are neither encouraged to gamble nor allowed to do so. All machines should be working honestly.

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

MGM Hotel Fire Las Vegas The MGM Hotel fire was started at 7 am on November 21 of 1980. Five thousand people were in the hotel that was twenty-three stories tall when the fire broke out. The fire was started due to an electrical contact made by a vibrating copper wire that lead from the vacuum that was outside and the deli display. The display wasn't installed correctly and therefore lead to the fire hazard. When the fire started, the fire alarms went off and so did the fire sprinklers.

Part 2: The Growth Years 1995– 2007 In the mid 90s, MGM riveted its attention to the booming real- estate market. Not only did it acquire property and facilities on The Strip, but also in South Africa and Australia. Between 1995 and 1997, MGM opened New York- New York on The Strip and MGM Grand Australia in Darwin, and agreed to manage four casinos in South Africa. Looking to expand further, MGM acquired Primadonna Resorts in 1999. Later that year, MGM Grand Detroit opened in a temporary facility and ‘ The Mansions,’ high- end luxury suites at MGM Grand Las Vegas, were introduced. 5 From 1995 to 2000, net revenues grew 327 percent— from $ 722 million to $ 3.08 billion. 6,7 This growth trend continued into the early 2000s with the $ 6.4 billion acquisition of Steve Wynn’s Mirage Resorts. This acquisition included Golden Nugget, Monte Carlo ( 50 percent), Mirage, and Bellagio on The Strip as well as other regional locations including Beau Rivage in Biloxi, Mississippi. With the acquisition of Mirage Resorts, MGM Grand Inc. was renamed MGM Mirage. In 2005,

internal control and the ways in which cash is controlled in the casino. The two major purposes

Out of all of MGM hotel properties, MGM Grand Las Vegas is their largest hotel resort complex. The MGM Grand Las Vegas has 30 floors with 5,124 rooms, five outdoor pools, convention center, arena, spa, nightclub, and restaurants. With such a high-end hotel, the MGM Grand Las Vegas brings in annual revenue of $9.80 billion dollars with an operating income of $1.1 billion dollars. Being that the MGM Grand Las Vegas was becoming more successful, in 2000 MGM underwent major renovation aiming at a completely new target market. With the new construction, MGM now aimed to please a “mature” target market by bringing a classic Hollywood theme to Las Vegas.

Finally, an increase in job opportunities is a strong motivator for the legalization of gambling and casino development in a time where jobs are hard to find. Jobs are created in all sectors from planners, construction workers, dealers, table workers, cooks and kitchen staff, bartenders, wait staff, security, hotel staff, event coordinators, etc. Financial reasons are the most discussed reasons for the advocacy of legalizing gambling and casino development.

As cardrooms and gambling facilities have grown nationwide, the issue has divided many communities. Concern has reached Washington, D.C., where the House Of Representatives have passed a bill to establish a two-year commission to study the economic impact of gambling (Correa 2). There are many arguments for and against this. The National Coalition against Legalized Gambling, or NCALG has published a table, The Case against Legalized Gambling. An argument made by the NCALG is that gambling depresses legitimate business, siphoning off money from the regular business community (NCALG). If this were true, then places like Las Vegas where the main revenue is gambling would not exist. The main source of revenue in Las Vegas is gambling. 87% of people who visited Las Vegas in 1996 gambled (PBS 2). The revenue brought in by legalized gambling can be put towards education, welfare, social security and public funds. Last year, for example, the Commonwealth of Virginia generated $331 million in state lottery revenues and earmarked it for education (Kaye 2).

The purpose of this report was to gain a better understanding of the Casino Industry. It identifies the many contextual and diverse factors that influence this particular part of the gambling industry in terms of the type of customers they attract, how it is shaped by government policies, the impact of suppliers and buyers of the market, competitive rivalry, and organisational generic strategies.

When walking into “The Strip” in Las Vegas, an instant feel of excitement rushes up. The flashy neon lights paired with glimpses of amazing acrobatics on gigantic screens easily brings up the energy of tourists, businessmen, and gambling addicts. You may wonder how a once stranded desert can transform into such a paradise of skyscrapers. The answer lies in casinos.

There is a steady growth rate in gaming revenues taking effect in the casino industy around the United States. A number of factors are tied into the increase including new entrants to the casino industry and rival casino expansions. Through aspects of Porter’s Five Forces Model of Industry Competion: Rivalry among existing firms, the threat of new entrants, and the threat of substitues, this case analysis addresses key problems the casio industry is facing and implements stratiges they may use to tackles thoses issues. In addition, SWOT analysis (Strengths, Weaknesses, Opportunites, and Threats) will be used to facilitate the discussion.

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 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.