Gambling Industry - History of Gaming Gambling legalized in...

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Gaming Entertainment Defined Commercial and Native American Casinos Card Rooms Charitable games Lottery operated games Wagering on greyhound and horse races Handle What the consumer bets (wagers) $500 billion Win Gross Gambling Revenue $48 billion Casinos count for half of US gambling revenue 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 Who is the Guest? Increasing acceptance by all customers 32% of US households gamble in casinos Younger players White-collar jobs Wants total entertainment experience
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Unformatted text preview: History of Gaming 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 Bugsy dreamed up modern Las Vegas The Move to 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 Native American Gambling 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...
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This note was uploaded on 09/09/2011 for the course HFT 1000 taught by Professor Staff during the Fall '08 term at University of Central Florida.

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