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Full-Text Articles in Business

Las Vegas And Houston: Global Command Centers In The Sun Belt, Bo J. Bernhard, Mikael Ahlgren Nov 2012

Las Vegas And Houston: Global Command Centers In The Sun Belt, Bo J. Bernhard, Mikael Ahlgren

UNLV Gaming Research & Review Journal

Apart from their notoriously hot summers, Las Vegas, Nevada and Houston, Texas appear to have little in common. Upon further scrutiny, however, the two cities have followed strikingly parallel trajectories. As a hub of commercial gaming today, Las Vegas faces challenges comparable to the obstacles Houston encountered in the 1970s and 1980s as a hub of oil and energy. The story of Houston since this downtime reflects a stunning transformation into a modern-day international city, and one that both parallels and portends a new Las Vegas. In this article, we argue that Houston provides a viable model for Las Vegas …


The World City Of Gaming, Robert E. Lang, Christina Nicholas Nov 2012

The World City Of Gaming, Robert E. Lang, Christina Nicholas

UNLV Gaming Research & Review Journal

There are many routes to world city status. Most places get there by being financial, trade, or manufacturing hubs, or as is the case with the biggest and most connected world cities, a concentration of all three. Las Vegas took a different path. It achieved world city status via one key sector—gaming.


Introduction To “Las Vegas As Command Center” Special Section, Donald Snyder Nov 2012

Introduction To “Las Vegas As Command Center” Special Section, Donald Snyder

UNLV Gaming Research & Review Journal

No abstract provided.


Regulating Gaming In The New South Africa, Baby Tyawa Nov 2012

Regulating Gaming In The New South Africa, Baby Tyawa

UNLV Gaming Research & Review Journal

No abstract provided.


The Boomerang Effect: Asia's Casino Industry Growth Can "Fly Back" To Benefit Las Vegas, Jonathan Galaviz Nov 2012

The Boomerang Effect: Asia's Casino Industry Growth Can "Fly Back" To Benefit Las Vegas, Jonathan Galaviz

UNLV Gaming Research & Review Journal

Boomerangs are an interesting invention. These remarkable devices can be thrown into the sky, for long distances, and then they do something amazing: they fly back to the thrower. Metaphorically speaking, the Las Vegas-based casino resort industry has thrown its "boomerang" to places like Singapore, Macau, and many other casino markets throughout the world over the last decade, with great success. Of course, many question whether this "boomerang" will indeed fly back to the thrower in the form of economic benefits. In this paper, I will lay out some key strategic concepts that argue that Las Vegas is indeed benefitting …


Cultural Indicators Of Internet Sports Betting Policy, Brett L. Abarbanel Nov 2012

Cultural Indicators Of Internet Sports Betting Policy, Brett L. Abarbanel

UNLV Gaming Research & Review Journal

No abstract provided.


The Evf Model: A Novel Framework For Understanding Gambling And, By Extension, Poker, Arthur S. Reber Nov 2012

The Evf Model: A Novel Framework For Understanding Gambling And, By Extension, Poker, Arthur S. Reber

UNLV Gaming Research & Review Journal

There are several senses in which the term gambling is used. All have liabilities, problems that have muddied the waters in scientific research, generated conflicting legal decisions, compromised debates over ethical and moral issues, and have led to uneven legislation. Here, a novel framework for the term is offered, based on two continuous variables: a) the Expected Value (EV) of any arbitrary game and, b) the inherent Flexibility (F) of that game. This EVF model produces a classification system for all the enterprises that can or have been called gambling. It is one that allows for more measured decisions to …


Pennsylvania Casinos’ Cannibalization Of Regional Gambling Revenues, Simon Condliffe Nov 2012

Pennsylvania Casinos’ Cannibalization Of Regional Gambling Revenues, Simon Condliffe

UNLV Gaming Research & Review Journal

Gambling opportunities are expanding rapidly in the U.S. Mid-Atlantic area. Fifteen gambling venues have opened since 1996. The introduction of these venues has the potential to shift the balance of gambling activity away from New Jersey, which had enjoyed a monopoly position in the area for decades. Delaware and, more recently, Pennsylvania have entered the marketplace, raising the question of whether aggregate gambling activity has increased in the area, and whether all states have benefited. Contrary to previous research, a multivariate analysis reveals that aggregate gambling revenue among the three states has not increased with the introduction of Pennsylvania gambling …


Clustering High Dimensional Sparse Casino Player Tracking Datasets, Ross Iaci, Ashok K. Singh Nov 2012

Clustering High Dimensional Sparse Casino Player Tracking Datasets, Ross Iaci, Ashok K. Singh

UNLV Gaming Research & Review Journal

In this article, we propose an iterative procedure for clustering sparse high dimensional transaction datasets, specifically two casino player tracking datasets. a common problem in clustering sparse datasets with very large dimensions is that in addition to classical techniques of clustering being unable to provide useful results, latent variable methods used for clustering often do not lead to sufficient data reduction to yield useful and informative results either. initially, we propose a straightforward resorting of the full dataset and then define an information based sparsity index to subset the sorted data. this new dimension reduced dataset is less sparse, and …


The Market For Online Poker, Ingo Fiedler, Ann-Christin Wilcke Nov 2012

The Market For Online Poker, Ingo Fiedler, Ann-Christin Wilcke

UNLV Gaming Research & Review Journal

The recent events of the “Black Friday” – the biggest online poker networks in the USA were shut down – demonstrated the necessity to make decisions about the regulation of online poker. But although online poker is a gold mine of data, until now nobody knows where the players and their money come from. It seems that the knowledge about the online poker market has not been able to keep up with the speed of its evolution in the past years. This paper is the first to shed light on this matter. We use data of 4,591,298 poker identities from …