Macau Casino Industry

The Las Vegas and Atlantic City locations have lost revenues in recent years. In addition to the economic slowdown, these gambling locations are also facing new competitors in the market that are providing attractive choices to the customers. Though there are some external forces beyond their control, it seems that attractiveness and accessibility are very important focus areas for these cities.

Gambling is becoming increasingly popular in today’s society. Major casinos and online gambling sites attract

Portfolio management is an important factor that determines the performance of the portfolio. To perform well in the portfolio, it is not only essential to develop personal investment strategies, but analyzing current financial trend is also vital. Stock Trak is an online portfolio simulation that allows students to try out different investment strategies, and also get a hand on experience in what the real market trading conditions are. By managing the portfolio, I have acquired some new knowledge of investment strategies and also become more familiar with the current market by following closely to the financial headlines.

Economic The Australian gambling market is remarkable in the world’s gambling industry. It has already been mature and showed a very strong growing momentum with 2.9% annually over the last five years, and it was predicted that the growth rate would be constant in a medium-term period. (Sudarsanam, 2011)There are four categories of gambling activities. Gaming is the largest type with the annual turnover over $10.2b, and other three types are Casino, wagering and lotteries, and the annual turnover was $3.2b, $2.6b and $2.1b respectively. (Sudarsanam, 2011)

Week 1 – Introduction – Financial Accounting (Review) Week 2 – Financial Markets and Net Present Value Week 3 – Present Value Concepts Week 4 – Bond Valuation and Term Structure Theory Week 5 – Valuation of Stocks Week 6 – Risk and Return – Problem Set #1 Due Week 7* – Midterm (Tuesday*) Week 8 - Portfolio Theory Week 9 – Capital Asset Pricing Model Week 10 – Arbitrage Pricing Theory Week 11 – Operation and Efficiency of Capital Markets Week 12 – Course Review – Problem Set #2 Due

For many years, Nevada casinos did not make much of an effort to attract the Hispanic demographic, despite the relatively large Hispanic population in the Southwest. There was a clear, underlying assumption that this demographic had little interest in casino gambling, at least not the high-stakes gambling conducted at typical Las Vegas casinos, where it is not unusual for patrons to gamble more than $1,000 in an evening, as well as see expensive 'lounge acts.' Clearly, such assumptions were erroneous given that casinos specifically catering to the Hispanic market are now flourishing in Nevada. Furthermore, because the Hispanic demographic has been so long neglected, even Hispanic leaders are not complaining that their communities are being preyed upon. These new campaigns are seen as a sign of strength of Latino buying power.

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 casinos at these resorts are crowded daily with adults who share the love and excitement of gambling responsibly. Guest at the hotels and resorts can also enjoy other options for entertainment like spas, shows, concerts, and dining. Guest can also enjoy playing a variety of free casino themed social games which is used for advertising the products and services at the casinos. Today the company is focused on building valuable relationships with their loyal customers to regain market share and boost competitiveness and profitability.

The Lotus casino Many of the locations in the movie within the USA corresponded to a certain mythological location. A notable example of this would include the location of the third pearl that the protagonists, Grover, Annabeth, and Percy went to retrieve, which was set in Lotus casino, Las Vegas, Nevada. This is an extremely significant setting, as it is named after, and therefore is based on the mythological ‘country of the Lotus-eaters’. Evidently, as they enter, they are encouraged to eat lotus cookies, presented to them by each passing staff member.

An analysis of the literature shows agreement that various types of crimes decrease in communities with casinos. Albanese (1985) argues that violent crime does not increase, but street crime does increase around the casinos. He says that certain crimes like burglary, robbery, and motor vehicle theft increase. Johnson and Ratcliffe prove that the casinos have no significant effect on violent street crime, felonies, vehicle crime, or drug crime at the neighborhood level in a community (Kirchner, 2014). Tapley (2009) writes that due to the increase in the law enforcement in communities’ crime does not go up. Grinols and Mustard (2008) argue that the casinos create crime not only in the community it is built in but also in neighboring communities.

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.

As indicated by the case study S&P 500 index was use as a measure of the total return for the stock market. Our standard deviation of the total return was used as a one measure of the risk of an individual stock. Also betas for individual stocks are determined by simple linear regression. The variables were: total return for the stock as the dependent variable and independent variable is the total return for the stock. Since the descriptive statistics were a lot, only the necessary data was selected (below table.)

Being a part of Portuguese colony for so long and out of every Chinese jurisdiction Macau was developed as an independent state with legal gambling. The main developers just follow the foot steps which were taken during the development of Las Vegas. (www.atimes.com). As their were less facilities for patrons, so the frequency of guest were also less, but with the time and the involvement of local Chinese people and no restriction on gambling made the Macau more favorable.

For thousands of years, mankind has enjoyed spending money on games of chance. Today this has developed into a multi-billion dollar worldwide phenomenon- the gambling industry.