Swot And Strategy Evaluation Of Gambling

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

Stepping into the world of online casino gaming can be daunting no matter whether you are a player operator or developer. It can often be a nervous time for the latter to parties’ specifically. Wary of the hype of being a brand-new name, Rizk Casino has entered the fray, with designs on earning a quick reputation for quality. Recently labeled the “next big thing” by one of the world’s leading online casino portals, it seems that a lot is expected of this GiG based operator. Launched a few weeks back, more and more players are trying this brand new entity on for size. Given the hype there are certainly questions surrounding Rizk Casino right now, but there is also no denying that this online casino is reveling in the spoils of youth.

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)

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

People tend to spend their money mostly on the slot machines and multiple poker games taking place in the Casinos around the United States. These revenues go towards the workers of the Casinos and state taxes which benefits the other attractions surrounding the casino. The gambling industry has grown massively in little time, it has grown to make around 40 billion dollars a year. Generating this money contributes largely to make a better city or state for visitors or residents to enjoy. These casinos are usually looked down upon but they offer new horizons for men and women in the United States. The online gambling push is also coming to a close consideration with legality and within the next ten years should be completely legal (Bonesteel 1). Online gambling provides a different dimension of many businesses and also sports clubs. Most of the money from online sports gambling goes towards these sports clubs allowing them to expand their club and the league as one. As gambling begins to grow considerably larger in the United States, it is used as entertainment and recreation. As a whole, gambling allows any given city to grow economically and as whole, it brings in plenty amounts of revenue which also contributes to state taxes.

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 concept of gambling has been around since the 1600’s when the original thirteen colonies had their own individual lotteries where people viewed gambling as a “civic responsibility” to play. These lotteries helped establish multiple universities such as Harvard, Yale, Princeton, and William and Mary. Gambling has been legal and then banned several times in three different eras; the first era in the 1600’s to mid-1800’s, the second in the late 1800’s to early 1900’s, and finally the mid 1900’s to present day where some types of gambling remain legal. Throughout multiple decades, people have constantly bickered back and forth stating their opinions on what defines gambling, and if it should be illegal or legal. More importantly, all types of gambling should be legalized in the United States since multiple types of gambling already exist and are considered legal, it’s improper to permit some and leave others out. Moreover, gambling stimulates the economy by bringing tourism to the area and creating jobs for those in need of one, as well as, making revenue from taxes, benefiting the state and local government.

Casinos are an enterprise with an open system organization containing permeable boundaries. It strives in teaching their employees in each department to work together and to provide quality service to its customers. It needs to compete in a complex and dynamic environment,

In the 2013 National Survey on Problem Gambling Services (NCPG), the total number of states reported funded problem gambling services increased from 37 in 2010 to 39 in 2013. $60.6 million was the total amount of public funding for problem services in the US. There were an estimated 5.77 compulsive gamblers in the US in need of a treatment program in 2012. 10,387 of them were treated in a state-funded problem gambling treatment programs. There were 34 states with active NCPG Chapters during the time the survey was conducted. Across all state, substance use disorder is estimated 3.6 times more common than gambling addiction. Based on the research from GamblingRecovery.Org (2016), around 80% of adults have participated in any activity concerning gambling. 2 or 3% out of these 80% have experienced a gambling problem. State agencies and NCPG Affiliates commonly supported services were helplines (87%; 56%), problem gambling awareness programs (85%; 91%) and problem gambling treatment (82%; 26%). According also to the result of the survey, there is a great disparity level between states in terms of problem gambling service investment and problem gambling treatment infrastructure. It is because of the lack of a clear relationship between the number of persons calling gambling helplines and receiving funded gambling treatments and programs.

Robert Kiyosaki once said, “Successful people take big risks knowing they might fall hard but they might succeed more than they ever dreamed.” This man is a billionaire that hit the jackpot, while gambling. He now owns eleven different businesses and he is worth over eighty million dollars. If someone could learn how to astute, they could live like him too. The articles, The Legalized Gambling Debate, Sports Betting Should be Legal, and Should Sports Gambling be Legal?, all attribute thought to this suggestion. Gambling is a feasible business as it provides revenue, sponsors education, and inspires gamblers.

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 casino marketing is directed to individuals who want to have fun and those who are willing to risk their mortgages (Klebanow, 2009)

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

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.