Chapter 26 Casinos

Chapter 26 Casinos - Casinos Chapter 26 Casino Facts x x 37...

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
Casinos Chapter 26
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Casino Facts 37 states allow some form of casino gaming Casinos employ over 366,000 employees Their earnings exceed $13.3 billion in wages 2007: 500 + commercial casinos 160 Indian casinos Generating nearly $85 billion in gross gaming revenue
Background image of page 2
2005: casino mergers created 3 out of the 4 largest gaming companies 1. Harrah’s Entertainment and Caesars 2. MGM Mirage and Mandalay Resort 3. Penn National Gaming and Argosy
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Casino Facts Development creates an upward spiral Increases jobs Generates taxes from businesses and tourists Decreases taxes for townspeople
Background image of page 4
Dealing with the Money To convert the customers’ paper money to chips and back again, the casino’s have many areas called “cages” Cages act like mini-banks On average one cage may have $5 million in cash
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Risks of Casinos 2 main problems: For employees and players 1. Wanting the casino’s money 2. Spending too much of your own $ Security and surveillance are major parts of any casino operation
Background image of page 6
Image of page 7
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/07/2011 for the course HFT 1000 taught by Professor Dr.kharris during the Fall '10 term at FSU.

Page1 / 20

Chapter 26 Casinos - Casinos Chapter 26 Casino Facts x x 37...

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online