Casino Industry Strategy Case Study Essay - 6573 Words

Assignment 1 - the Casino Industry 1. Introduction - current situation overview The three most common forms of casino gambling in the USA are the land-based, the river-boat and the Native American gambling. 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. Casinos are one of the main contributors to the economy of the USA contributing to this with total revenue around $32.5 billion in 2009. They are very important to the states in which they†¦show more content†¦The Native American Indian Casinos have realized to help global economy using the rise of gambling activity as a tourism policy. Today, 330 casinos are managed by about 200 tribes across 28 U.S. states. In Iowa, casinos bought $293 million to firms established in their state, representing 92% of their total spending on products, supplies and services. This is highly representative of the importance of casinos for America’s economy. Political Casinos are subject to taxation on their profit, which are useful for states and economy. The Tax rates on casino revenues range from 6.25% in the state of Nevada to 35% in Illinois. However taxes on casinos do not represent a highly important source of public sector revenues. Moreover, Indian casinos are not subject to taxes. The main problem with taxation is that it could both increase and decrease other kinds of tax revenue, if they generate or cannibalize other business. 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, Banking and Security Industries, regarding theShow MoreRelatedWynn Resorts Limited878 Words   |  4 PagesIn order to answer the questions in this week case study I believe it’s necessary to provide a summary of Wynn Resorts, Limited. According to Yahoo Finance Wynn Resorts Limited together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company owns and operates two casino resort complexes in Las Vegas, the Wynn Las Vegas and Encore at Wynn Las Vegas with two hotel towers with a total of 4,750 hotel rooms, suites, and villas; 240 table games;Read MoreA Swot Analysis And Porter s Five Forces Model Of Industry Competition1535 Words   |  7 PagesAbstract The casino industry is very important within the USA because of its size and the amount of yearly revenue it produces. 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Federal Minimum Wage Should Not Be Increased - 1005 Words

Introduction: Established by the Fair Labor Standard Act (FLSA), Federal minimum wage first went active October of 1938 starting at 25 cents an hour. According to The Bureau of Labor Statistics the minimum wage was not consistent until the start of 1978 and has increased 22 times since then to keep up with the rise on the prices of goods and services. The stretched period of times that minimum wage increased as well as inflation, the purchasing power of the minimum wage has decreased significantly during the time. The minimum wage is not cataloged to price levels, it has just been adjusted here and there to keep up with its loss in its real value (purchasing power) due to inflation. Minimum wage adjustments occurred alternately, often†¦show more content†¦How would a minimum wage increase effect employment and family income, businesses, and the economy are just a few of the main arguments. Typically any increase in wage also increases income right? Raising the wage in the perception of sm all business is not usually a good move for the economy. Poverty is an important factor when it comes the economy and minimum wage could be the solution to that. Employment and Family Income: A common solution to moving low wage workers’ away from poverty is raising the minimum wage to increase family income. They would receive higher pay that would increase their household’s income and would experience their family income to incline above the federal poverty threshold. Also workers who receive a higher wage because of the increase of a minimum wage would face receiving less benefits and paying a more expense tax. Raising the minimum wage could possibly result in a small number of low wage workers to be without a job and experience a decrease or decline in income because of a higher minimum wage. Additionally, effects of a higher minimum wage rely on the number of workers that consist in a low wage workers family; if those workers became unemployed (perhaps for how long?) and if there are other adjustments in family income. For example, the decline in a family’s

Rhetorical Analysis of Ronald Reagan free essay sample

Rhetorical Analysis of Ronald Reagan’s â€Å"Tear Down this Wall† Ra’Shell Ford Due 7/24/2011 Rhetorical Analysis of Ronald Reagan’s â€Å"Tear Down this Wall† On August 15, 1961, Communists began building a wall to keep Germans from escaping Communist-controlled East Berlin to West Democratic Berlin. There were guards, electric barbed wired fences, and of course the twelve foot concrete wall that prevented Germans from escaping. After the wall was built many Germans still tried to flee the west but not all were successful. The East Berlin Germans were now under total dictatorship of the Soviets. Many United States Presidents traveled to Berlin to share their views on democracy with the Communists, but the Communist weren’t persuaded. In 1987, Ronald Reagan used emotion, logic, and intellect to persuade the Soviets that tearing down the wall would help make Berlin prosperous. June 12, 1987, Ronald Reagan gave his famous â€Å"Tear Down this Wall† speech in Berlin. Many people in Germany were ready for freedom and others wanted it as well. We will write a custom essay sample on Rhetorical Analysis of Ronald Reagan or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Many people felt there should be peace within the city. Ronald Reagan wanted to persuade the Soviets and Communists that change and openness was a great thing. Ronald Reagan’s speech was a sort of challenge to Gorbachev (who was the General Secretary of the Communist Party), to tear it down as a symbol for increasing freedom. â€Å"We welcome change and openness; for we believe that freedom and security go together, that the advance of human liberty can only strengthen the cause of world peace (Reagan, 1987). Reagan went on to say, â€Å"General Secretary Gorbachev, if you seek peace, if you seek prosperity for the Soviet Union and Eastern Europe, if you seek liberalization, come here to this gate. Mr. Gorbachev, open this gate. Mr. Gorbachev, Mr. Gorbachev, tear down this wall! † Regan used emotion to get into the minds of the audience and the attention Gorbachev by challenging basic ideas such as peace and liberalization ideas that everyone felt strongly about. Reag an believed that tearing down the wall would be necessary for the prosperity of the Soviet Union and Eastern Europe. He also believed that the Eastern and Western parts should be close together, so that all the people of Berlin could enjoy the same benefits of life. Having everyone united would bring in more power to the city. Reagan stated, â€Å"Where four decades ago there was rubble, today in West Berlin there is the greatest industrial output of any city in Germanybusy office blocks, fine homes and apartments, proud avenues, and the spreading lawns of parkland (Reagan, 1987). † He went on to say â€Å"Where there was want, today theres abundancefood, clothing, automobilesthe wonderful goods of the Kudamm. From devastation, from utter ruin, you Berliners have, in freedom, rebuilt a city that once again ranks as one of the greatest on earth. † Reagan used logic to give the east views of a more prosperous future that stood on the other side of that wall. Ronald Reagan was a very smart man. He used his words and tone to grab the attention of all those who stood before him. He used his intelligence to go to Berlin and make sure that his message was received. He was determined for change and was sure that he was the man to make that possible. Although he didn’t plan on taking over and controlling West Berlin, he presented information to the people in a way that they would want the best for themselves. Ronald Reagan’s speech proved to be very successful. He went to Berlin with a purpose to persuade and used emotion, logic, and intelligence. I’m sure many people are thankful for the speech at the Brandenburg Gate because within two years the wall which separated freedom and totalitarianism was destroyed. References Reagan, R.. (1987, June 12). Tear Down this Wall. The History Place. Retrieved from http://www. historyplace. com/speeches/reagan-tear-down. htm

Math in real life Essay Example

Math in real life Essay I think that many math topics have meaning and relevancy and are dependent on the path one takes in terms of finding real world application. For example, sports is largely dependent on sports. Decisions are made based regarding playing time as well as strategy based on percentages. In baseball, there is a strong use of math. Managers have to make decisions on which pitchers to start and, especially so in games of importance, those decisions are predicated upon statistical reality. If a pitcher has a better winning percentage in certain conditions, this will help to sway the manager.The calculation of batting average is a mathematical reality. It is not common to hear enthusiasts of the sport say, Hes hitting . 400 and will finish above if he goes 3 of 5 today! These are math concepts integrated in speech and analysis. On a larger level, I am not sure how one can get past the practical applications of math in personal finances. Balancing a checkbook, creating budgets, anticipating co sts and profits are all math based and reflect maths use in the real world.In terms advanced concepts such as the Pythagorean Theorem, I have included a couple of links that can help apply the theorem in the realm of map-making, cartography, or in constructing a quicker route home from two different points given Mathematics: Everywhere amp; EverydayMathematics expresses itself everywhere, in almost every facet of life in nature all around us, and in the technologies in our hands. Mathematics is the language of science and engineering describing our understanding of all that we observe.The Mathematics Everywhere amp; Everyday Exhibition  explores the many wonders and uses of mathematics in our lives. This exhibition is divided into nine areas focusing on different aspects of mathematics. Gallery Pathways worksheets prepared for primary and secondary school classes are available on request and booking. Please view our  Enrichment Programmes – Gallery Pathways  for more information on booking, etc. Introduction amp; ConceptsMathematics has been around since the beginnings of time and it most probably began with counting.Learn the history of mathematics, and get to know some of the greatest mathematical minds and their contributions. In this section, you are also introduced to some basic mathematical concepts and counting tools – from giant electronic calculators to the abaci of different cultures. HighlightThe Ames Room shows the effects of scale and illusion In Counting Counting various quantities is one of the activities that people engage in  from young. However, sometimes we wonder, just how big is one million?See how much space one million saga seeds occupy and be awed by numbers that you can relate to in your daily lives like the number of heartbeats in a typical lifetime. Sometimes, numbers can be used to fool people. Some exhibits in this section provide a few examples of well-known mathematical tricks. In Shapes, Curves amp; Patte rnsCircles, squares and  triangles are just a few of the shapes that are familiar to us through our daily lives. Discover the usefulness, beauty and cleanness of the round shape, and learn more about the other shapes that can be found around us.This section also features the Mobius strip that has several curious properties. In Nature 1, 1, 2, 3, 5, 8, 13 This is the Fibonacci Sequence, where each number is derived from adding the previous two numbers. This sequence of numbers can be found in many natural patterns  like in pineapples, sunflowers, nautilus and pine cones. Our eyes are usually drawn to objects that are symmetrical. Leonardo Da Vinci’s Vitruvian Man is often used as a representation of symmetry in the human body.The Soothing Symmetries  exhibit anchors this section and explains what symmetry means to science and in mathematics, as well as in everyday life. In Games amp; Puzzles Many, if not all puzzles and games require mathematical logic and deduction. Thi s section uses the fun and excitement of various popular games and puzzles, and the exhilaration of solving them, to attract and engage the visitors  to realise the mathematics in fun and games. Highlight The Odds Are Stacked Against You! xplores the odds of various casino games like roulette, blackjack and slot machines. This will set many thinking about their  chances of winning in gambling. In Time amp; The Heavens Mathematics was developed to understand the cycles of nature as observed in the seasons. Ancient people understood the need to define time in relation to celestial movements for agricultural, astronomical, astrological and navigational reasons. This section looks at the mathematics of astronomy,  its relationship to the inventions of various cultural-historical alendars, and the division of time into units of hours, minutes and seconds. In Real ApplicationsMathematic is used in our everyday lives; from figuring out the amount needed to buy your lunch to calculati ng the bank’s interest. This section explores some of the real life applications of mathematics. For example, internet banking is getting more and more common these days, and we depend on cryptology  Ã¢â‚¬â€œ the study of protecting information using codes  Ã¢â‚¬â€œ to keep our transactions safe. Learn more about how it is done in this section|Awesome, Fearsome CalculusCalculus is the study of change and it is one of the most important fields in mathematics. Isaac Newton and Gottfried Leibniz are usually credited with the invention of calculus. Newton used calculus in his laws of motion and gravitational attraction. Explore  an introductory calculus lesson  by taking something to the limit in Know Your Limits, and learn more about slopes, tangents, integration and differentiation in this sections other exhibits. | Back to Top