- You are here: Home / Blog / Case study of the Global Casino Industry – Strategic Management Case study of the Global Casino Industry – Strategic Management August 14, 2020 / in / by prince.
- Strategic management in construc tion industry: case study in indonesi a Mohamad Nizam Yusof 1, Indah Yunitasari (Msc ) and Abu Hassan Abu Bakar(PhD) 2 School of Housing, Building and Planning.
The casino industry is taking a real part into the political process. The most common one is of course regarding taxations, but some of them are also donators for candidates in politic chairs. The global gaming industry (Indian casinos, sports wagering and all the related businesses) has a rank pretty impressive (28th), compared to Insurance. During the year 2009, the commercial casino industry used to employ about 375000 people earning around $13 billion in wages, making it one of the biggest industries in the USA. Commercial casinos are a major part of the actual entertainment landscape. For proof, ¼ of the U.S. Adult population spends money at a casino at least once a year.
Competition of the new entrants is a real threat and it is eating the business. The emerging market for the new casinos is led by boat casinos and Native American casinos. According to Michael E. Porter (1980), concentrating only on resources and competencies, while ignoring the competition, can turn a firm inward looking (XVI). The competition is not only growing in the US alone. Europe is harboring its own army of casinos and stealing away the high rollers. This means that the extremely wealthy that used to travel to Las Vegas to buy casino chips and gamble are now getting the facility in their own country or continent. After the financial crisis of 2008, the rivalry between casinos has gotten more intense. Now the same casinos fight over customers and have turned to game theories to ward off the competition. Other forms of entertainments like late opening nightclubs can take away some market segment as many come to Las Vegas for entertainment and as a side dish, for gambling. If nightclubs take away these customers, casino revenues will drop as advertisers won't find their customers to target. All gaming firms do not compete for head to head. Some firms target the high rollers, people who can stack up millions at one gambling table, while other casinos target small-time gamblers. Big casinos always aim for high rollers despite the fact that so much revenue becomes dependent on a single investor or party. An absence of this ‘investment' just once can mean a low earning quarter. Other than capturing market segment, geographical dominance also plays its part. No other state can compete with Nevada when it comes to gambling. This state was given the license to gamble in 1933, the first state to have that privilege. The longest stay in the business has made it the topmost gaming revenue generator in the US with over $10 billion annually. ...Download file to see next pagesRead MoreWriteWorkEssays & Writing Guides for StudentsWorried about plagiarism?
Read this.
HelpLogin |Sign Up
- Essay Topics
- Area & Country Studies Essays (1, 896)
- Art Essays (8, 424)
- Businesss Research Papers (20, 108)
- Humanities Essays (12, 746)
- Literature Research Papers (33, 994)
- History Term Papers (14, 712)
- Law & Government Essays (6, 190)
- Science Essays (10, 735)
- Social Science Essays (18, 383)
- Writing Guides
- How to write a book report
- How to write a research paper
- How to write an essay
- Book Guides
Casino Industry Case Study Strategic Management System
HelpLogin |Sign Up
- Essay Topics
- Area & Country Studies Essays (1, 896)
- Art Essays (8, 424)
- Businesss Research Papers (20, 108)
- Humanities Essays (12, 746)
- Literature Research Papers (33, 994)
- History Term Papers (14, 712)
- Law & Government Essays (6, 190)
- Science Essays (10, 735)
- Social Science Essays (18, 383)
- Writing Guides
- How to write a book report
- How to write a research paper
- How to write an essay
- Book Guides
Casino Industry Case Study Strategic Management System
Casino Industry Case Study Strategic Management Methodology
Essay byUniversity, Bachelor's, C+,February 2006 download word file, 9 pages
