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Page 1: 1-1. The Casino Industry McGraw-Hill/Irwin Strategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved

1-1

Page 2: 1-1. The Casino Industry McGraw-Hill/Irwin Strategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved

The Casino Industry

McGraw-Hill/IrwinStrategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved.

Page 3: 1-1. The Casino Industry McGraw-Hill/Irwin Strategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved

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The Casino IndustryIcebreaker Question

Have you ever visited a casino? If so, what did you think of it? Do you think gambling is a form of

entertainment that competes with, say, attending a sporting event or a movie or a play?

Page 4: 1-1. The Casino Industry McGraw-Hill/Irwin Strategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved

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The Casino Industry

1. Examine the structure of the casino industry.

Page 5: 1-1. The Casino Industry McGraw-Hill/Irwin Strategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved

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The Casino Industry

2. How are gambling companies in Las Vegas responding to the changes in the industry structure?

Page 6: 1-1. The Casino Industry McGraw-Hill/Irwin Strategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved

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The Casino Industry

3. What has been the effect of the changing industry structure on casinos in Atlantic City?

What main threats do they face?

Page 7: 1-1. The Casino Industry McGraw-Hill/Irwin Strategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved

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Q1. Industry Structure

SUPPLIERS BUYERS

SUBSTITUTES

POTENTIAL ENTRANTS

INDUSTRY COMPETITORS

Ample choices; low switching costs despite incentives by casinos; for families, choices available for the family entertainment dollar

Theme parks, shows, etc.

New casinos increase the fight for customers’ dollars; significant investment requirement increases rivalry; native American casinos get tax breaks; Internet gambling is unregulated and untaxed.

For traditional casinos, Internet gambling sites big threat because of low start up costs

Page 8: 1-1. The Casino Industry McGraw-Hill/Irwin Strategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved

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Q2. Las Vegas’ Response

Project Las Vegas as destination gambling city 120,000 hotel rooms, dining choices, etc. Airline connections

Return to “sinful” past More adult-oriented entertainment “What happens in Vegas, stays in Vegas”

theme Investment

Refurbishing – new wings in existing hotels New resorts – Steve Wynn’s Wynn Resort

Page 9: 1-1. The Casino Industry McGraw-Hill/Irwin Strategic Management, 3/e Copyright © 2007 The McGraw-Hill Companies, Inc. All rights reserved

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Q3. Effect on Atlantic City Casinos

Day trippers – because of location; less money to be made on hotel stay, etc.

Beach and boardwalk emphasized 2 major Native American casinos in Connecticut –

with $1.8 billion in revenues Mimic Las Vegas -- $2 billion makeover

Adding wings – Borgata’s makeover Outdoor bars


Local Marketing in Mature Markets Chapter Eight. Irwin/McGraw-Hill ©The McGraw-Hill Companies,, Inc., 2000 Irwin/McGraw-Hill ©The McGraw-Hill Companies,,

McGraw-Hill Science Newsroom - Macmillan/McGraw-Hill€¦ · McGraw-Hill Science Newsroom Primary Edition complements the McGraw-Hill Science 2000textbook series by offering one interactive

McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill

Chapter Ten LocalMarketing in Emerging Markets Irwin/McGraw-Hill ©The McGraw-Hill Companies,, Inc., 2000 Irwin/McGraw-Hill ©The McGraw-Hill Companies,,

McGraw-Hill Ryerson Copyright © 2006 by The McGraw-Hill

McGraw-Hill © 2006 The McGraw-Hill Companies, Inc. All rights reserved. 5-1 McGraw-Hill © 2006 The McGraw-Hill Companies, Inc. All rights reserved. SOCIOLOGY:

McGraw-Hill/Irwin McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved

Chapter 43 The Economic Impact of Casino Gambling Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin

McGraw-Hill©The McGraw-Hill Companies, Inc., 2000 SUBNETTING

1 McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc., All Rights Reserved. Chapter Seven McGraw-Hill/Irwin © 2006 The McGraw-Hill Companies, Inc.,

© McGraw-Hill Companies, Inc., McGraw-Hill/Irwin McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved

©2009 The McGraw-Hill Companies, All Rights Reserved McGraw-Hill/Irwin ©2009 The McGraw-Hill Companies, All Rights Reserved ©2009 The McGraw-Hill Companies,

McGraw-Hill/Irwin Copyright © 2008 The McGraw-Hill Companies

McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, All Rights Reserved McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, All Rights Reserved

McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill

McGraw-Hill © 2004 The McGraw-Hill Companies, Inc. 1

McGraw-Hill/Irwin ©2005 The McGraw-Hill Companies, All rights reserved McGraw-Hill/Irwin

12-1 McGraw-Hill/Irwin © 2012 The McGraw-Hill Companies, All Rights Reserved McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All

McGraw-Hill The McGraw-Hill Companies, Inc., 2004

McGraw-Hill/Irwin Copyright © 2008, The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Copyright © 2008 by The McGraw-Hill Companies,

© McGraw-Hill Companies, Inc., McGraw-Hill/Irwin

McGraw-Hill/Irwin © 2009 The McGraw-Hill Companies, All Rights Reserved Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

McGraw-Hill © 2005 The McGraw-Hill Companies, Inc. All rights reserved. 1 The Sociological Perspective McGraw-Hill © 2005 The McGraw-Hill Companies, Inc

© 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin

Correlated to Macmillan/McGraw-Hill€¦ · Mondo Bookshop - Grade K correlated to Macmillan/McGraw-Hill Treasures. Mondo Bookshop Macmillan/McGraw-Hill Treasures. Mondo Macmillan/McGraw-Hill

Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 2004

McGraw-Hill © 2005 The McGraw-Hill Companies, Inc. All rights reserved. 1 The Sociological Perspective CHANGING SOCIETY part McGraw-Hill © 2005 The McGraw-Hill

McGraw-Hill © 2006 The McGraw-Hill Companies, Inc. All rights reserved. 3-1 McGraw-Hill © 2006 The McGraw-Hill Companies, Inc. All rights reserved. SOCIOLOGY:

© The McGraw-Hill Companies, Inc., 2003 McGraw-Hill/Irwin

McGraw-Hill/Irwin Copyright © 2004, The McGraw-Hill Companies

Phonics/Spelling - Macmillan/McGraw-Hill · PDF filePhonics/Spelling PRACTICE BOOK. A Published by Macmillan/McGraw-Hill, of McGraw-Hill Education, a division of The McGraw-Hill Companies,

© The McGraw-Hill Companies, Inc., 2002 McGraw-Hill/Irwin

McGraw-Hill/Irwin ©2005 The McGraw-Hill Companies, All rights reserved ©2005 The McGraw-Hill Companies, All rights reserved McGraw-Hill/Irwin

Chapter 10 · Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc., 2001 $ Irwin/McGraw-Hill © The McGraw-Hill Companies, Inc.,

McGraw-Hill 10-1. 10 McGraw-Hill Systems Analysis & Programming