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Articles 1 - 30 of 35
Full-Text Articles in Business
The Impact Of The Great Recession On Nevada’S Latino Community, John P. Tuman, David F. Damore, Maria J.F. Agreda
The Impact Of The Great Recession On Nevada’S Latino Community, John P. Tuman, David F. Damore, Maria J.F. Agreda
Brookings Mountain West Publications
The emergence of the Great Recession of 2008 had a profound impact in Nevada. The economic downturn generated high unemployment levels and led to turbulence in many sectors, particularly residential home construction and the hospitality industry. In the wake of the crisis, median home prices in Nevada plunged, while the residential foreclosure rate increased and remains one of the highest rates in the country. By 2009, it was evident that a tightening of commercial bank lending for new mortgages, combined with the impact of rising joblessness and plunging housing values, was hampering recovery efforts in the housing sector and Nevada’s …
Mountain Monitor - 3rd Quarter 2013, Kenan Fikri, Mark Muro
Mountain Monitor - 3rd Quarter 2013, Kenan Fikri, Mark Muro
Mountain Monitor Quarterly
The quarter’s Mountain Monitor marks the four-year anniversary of Brookings Mountain West's quarterly tracking of the uneven pace of recovery across the major metro areas of the Intermountain West and it finds that, although the region continues to outperform the national economy the rate of recovery slowed moderately in the region’s metro areas.
As a group, Mountain region metro areas advanced on all four indicators of economic recovery tracked by the Monitor—employment, output, unemployment, and house prices—but their progress was more restrained in the third quarter of 2013 than it was in the second.
Beneath the regional headline of moderating …
The Hidden Stem Economy: The Surprising Diversity Of Jobs Requiring Science, Technology, Engineering, And Math Knowledge, Jonathan Rothwell
The Hidden Stem Economy: The Surprising Diversity Of Jobs Requiring Science, Technology, Engineering, And Math Knowledge, Jonathan Rothwell
Brookings Scholar Lecture Series
Policy and businesses leaders have argued that there is a shortage of highly educated workers in professional occupations related to science, technology, engineering, and math (STEM). Critics have countered that Ph.D scientists often face a difficult academic labor market and do not necessarily earn higher wages than other professionals. Yet, both sides of the STEM debate have been relying on an ill-defined definition of STEM work. Using a detailed survey of worker knowledge requirements, this research project redefines STEM jobs based on the level of knowledge required in STEM fields to perform occupations. The results uncover two facts previously unrecognized …
Mountain Monitor - 2nd Quarter 2013, Kenan Fikri, Mark Muro
Mountain Monitor - 2nd Quarter 2013, Kenan Fikri, Mark Muro
Mountain Monitor Quarterly
Economic recovery progressed steadily across the metropolitan Mountain West in the second quarter of 2013. Many of the region’s major metro areas counted among the strongest economic performers nationally, but output growth slowed over the quarter and the region‘s unemployment recovery looked to be stagnating. Moderate job growth and a fast and accelerating housing recovery buoyed the Mountain West economy in the second quarter.
Assessing Revenue Managers' Level Of Trust In Information Systems: An Exploratory Study Of Las Vegas Casino Resorts, Landon Taylor Shores
Assessing Revenue Managers' Level Of Trust In Information Systems: An Exploratory Study Of Las Vegas Casino Resorts, Landon Taylor Shores
UNLV Theses, Dissertations, Professional Papers, and Capstones
This study examined revenue managers' level of trust in their revenue management system (RMS) at Las Vegas casino resorts. The study utilized an e-mail interview to measure revenue managers' attitudes about their RMS's degree of reliability and dependability, the degree to which they trust their RMS's pricing recommendations, and if a revenue manager's level of trust in technology had any effect on their likelihood of trusting their RMS.
The study invited 11 property and corporate revenue managers from Las Vegas casino resorts to participate in an e-mail interview, with nine revenue managers agreeing to participate. The main findings of the …
Mountain Monitor-1st Quarter 2013, Kenan Fikri, Mark Muro
Mountain Monitor-1st Quarter 2013, Kenan Fikri, Mark Muro
Mountain Monitor Quarterly
Economic recovery gained strength across the major metro areas of the Mountain West in the first quarter of 2013. Multiple metro areas achieved long-awaited full employment recoveries in the first quarter and regional production surpassed pre-recession levels of output for the first time. The region’s strong housing rebound continued to be a boon. Additionally, a special supplement to the Monitor shows that the healthcare sector has been an outsized contributor to recovery throughout the region. Despite progress on multiple fronts, though, many Mountain metro areas remain scarred with high unemployment rates, severely depressed house prices, and daunting jobs deficits.
Session 4-2-E: The Effects Of Gaming Tax/Retention Rate On Casino Performance, Will E. Cummings
Session 4-2-E: The Effects Of Gaming Tax/Retention Rate On Casino Performance, Will E. Cummings
International Conference on Gambling & Risk Taking
Overview
Gaming Taxes affect investors in and operators of casinos
... and therefore casino performance
Gravity Models in general High variance from classical ideal
Variance tells us something about the impact of gaming tax rates
Session 4-1-C: Social Gaming: Problems, Policies And Predictions, Keith Whyte
Session 4-1-C: Social Gaming: Problems, Policies And Predictions, Keith Whyte
International Conference on Gambling & Risk Taking
Discusses key issues with social gaming.
Session 4-1-B: Casino Legalization As An Evolutionary Game -- Who Will Be The Next?, Miao He
Session 4-1-B: Casino Legalization As An Evolutionary Game -- Who Will Be The Next?, Miao He
International Conference on Gambling & Risk Taking
Introduction
For the community/governor who has a strong preposition to casino gaming (e.g., gambler, religious group), his/her motivation to participate/accept casino legalization is
∆PAEA+tA>cî and ∆PB(RB+EB)+tB>cĴ
What’s the motivation for the other community/governors who are neutral to casino gaming?
How the casino legalization process evolved and finally reached the equilibrium state?
Session 4-1-D: The Ant And The Grasshopper: Western Casino Operators In Macau And Singapore, Sudhir Kale
Session 4-1-D: The Ant And The Grasshopper: Western Casino Operators In Macau And Singapore, Sudhir Kale
International Conference on Gambling & Risk Taking
Objectives
Understand the impact of market conditions and managerial orientation on employee satisfaction, organizational identification, and service quality in Macau/ Singapore Casino Industry.
Highlight long-term adverse impact of poor service quality on market share and profitability.
Provide guidelines for action.
Session 3-4-B: Impacts Of The Structure Of The Casino Industry, William N. Thompson, Catherine Prentice
Session 3-4-B: Impacts Of The Structure Of The Casino Industry, William N. Thompson, Catherine Prentice
International Conference on Gambling & Risk Taking
This paper looks at impacts of the structures of casino industries in 13 American states venues. The legalization of casinos has been a major policy issue in scores of national and sub-national venues over the past 60 years. Among the critical issues in the legalization process has been the subject of whether casino establishments should be authorized as singular, that is, monopoly, entities in a specific location (city, state, or nation) much as public utilities, or they should be licensed in an open market free competitive manner. A middle ground approach find venues allowing a limited number of licenses, ergo, …
Session 3-4-B: Evaluating The Performance Of Macao’S Gaming Industry, Day-Yang Liu
Session 3-4-B: Evaluating The Performance Of Macao’S Gaming Industry, Day-Yang Liu
International Conference on Gambling & Risk Taking
The purpose of research
The stringently competitive nature of the casino entertainment market in the Macao necessitates that managers fully utilize knowledge expertise to increase efficiency in operations management.
Therefore, this study employs data envelopment analysis (DEA) model to estimate the efficiency and productivity of the casino entertainment industry in Macao.
Session 3-3-F: Measuring The Price Of Discrimination With Data On Poker Games, Ingo Fiedler
Session 3-3-F: Measuring The Price Of Discrimination With Data On Poker Games, Ingo Fiedler
International Conference on Gambling & Risk Taking
Introduction
Economic theory suggests that discrimination is price sensitive and money an equalizer
This means that discrimination decreases the higher the private costs for the discriminator
Economic reasoning: Discrimination comes at a price for the discriminator
- Example: an employer discriminates against potential employees with a non-white skin tone and thus may miss the best employees who then work for a competitor.
- Imperfect competition leads to rents and rents can be used to discriminate and they can be discrimination in itself. [Jomo, 2003].
- Competition reduces discrimination
Session 3-2-B: Paspa: An Unconstitutional Patent, Kevin P. Braig
Session 3-2-B: Paspa: An Unconstitutional Patent, Kevin P. Braig
International Conference on Gambling & Risk Taking
The Professional and Amateur Sports Protection Act (“PASPA”) is a patent monopoly because the statute (A) imitates the Crown’s practice of allocating markets by patent; (B) functions like a patent issued under the United States Patent Code; and (C) imposes monopoly-like costs upon the public. The Constitution’s Patent Clause is a brilliant public financing scheme and unique in that it is the only grant of power to Congress in the Constitution that begins with a specific prescription of proper legislative purpose. Congress cannot grant just any person a patent monopoly for any purpose. Rather, Congress can grant a patent monopoly …
Session 3-1-E: Modeling Change In The Profile Of The Atlantic City Visitor, Brian J. Tyrrell, Israel Posner Ph.D.
Session 3-1-E: Modeling Change In The Profile Of The Atlantic City Visitor, Brian J. Tyrrell, Israel Posner Ph.D.
International Conference on Gambling & Risk Taking
The Atlantic City casino market has faced increasing competition over the past decade, particularly since the introduction of Pennsylvania gaming in 2006. In response to this increased competition, the State of New Jersey, through legislation, created a public private partnership to both redevelop parts of the city and devote significant marketing dollars into shaping the image of the city. The private side of that partnership, the Atlantic City Alliance (ACA), found in their earliest consumer research that Atlantic City’s image as a gaming destination was well established, but that the city was less known for the retail, entertainment and restaurants …
Session 3-1-B: Online Gambling And Money Laundering, Ingo Fiedler
Session 3-1-B: Online Gambling And Money Laundering, Ingo Fiedler
International Conference on Gambling & Risk Taking
Introduction
Money laundering is the process by which criminals attempt to conceal or disguise the nature, location, source, ownership or control of their ill-gotten gains, so as to make it possible to invest or consume the proceeds of crime (Masciandaro1999)
Money laundering (Unger, 2007):
- distorts prices, consumption, saving and investment rates;
- increases the volatility of import/export levels, the demand for money, interest and exchange rates, as well as the availability of credit;
- threatens the solvability and liquidity, as well as the reputation and profitability of the financial sector;
- Endangers the continuance of foreign direct investment (FDI)
- Acts as a multiplier …
Session 2-4-E: Financial Evaluation Commonalities And Distinctions Expressed By 10-Ks With Two Libertarian Hospitality Segments: Casino Gaming And Gentlemen’S Clubs, David J. Paster
International Conference on Gambling & Risk Taking
Premise
Libertarian hospitality ventures are significantly and fundamentally different than current common hospitality fields such as lodging and restaurants due to their distinct business model composition.
Session 2-4-B: Intellectual Capital And The Gaming Industry, Mikael B. Ahlgren
Session 2-4-B: Intellectual Capital And The Gaming Industry, Mikael B. Ahlgren
International Conference on Gambling & Risk Taking
Description of what intellectual capital is.
Session 2-4-B: The Boomerang Effect, Jonathan Galaviz
Session 2-4-B: The Boomerang Effect, Jonathan Galaviz
International Conference on Gambling & Risk Taking
Today's Talk:
1. Ideas, not politics
2. Strategic outlook
3. Macro Focused
Session 2-4-B: Las Vegas: The Houston Of The Gaming Industry?, Bo J. Bernhard
Session 2-4-B: Las Vegas: The Houston Of The Gaming Industry?, Bo J. Bernhard
International Conference on Gambling & Risk Taking
Conclusions
Las Vegas is and must become an intellectual capital of the global gaming industry.
Internet gaming: new threats, new opportunities
Session 2-3-E: An Analysis Of Ahp On Investment Project Evaluation: A Case Study Of Matsu Integrated Resort, Day-Yang Liu
Session 2-3-E: An Analysis Of Ahp On Investment Project Evaluation: A Case Study Of Matsu Integrated Resort, Day-Yang Liu
International Conference on Gambling & Risk Taking
Background
Governments are increasingly liberalizing gambling in hope of reaping economic and developmental benefits.
The business models of gambling industry are developing toward the concept of large, integrated resort-casino.
The referendum of allowing casino gaming business in Matsu was passed on July 7th, 2012.
It is expected to improve transportation facilities, boost local economy and tourism.
This gives Matsu the opportunity to build the first integrated resort-casino in the Taiwan area.
Session 2-3-E: Integrated Resort And Casino Law In An Asset-Inflated Japanese Economy, Sasaki Kazuaki
Session 2-3-E: Integrated Resort And Casino Law In An Asset-Inflated Japanese Economy, Sasaki Kazuaki
International Conference on Gambling & Risk Taking
Japan has one of the big gaming markets, which includes various games such as lottery, horse racing, motorcycle racing, bicycle racing, motorboat racing, and pachinko and pachinko-slot machines. While games like lottery, horse racing, motorcycle racing, speed boat racing, and bicycle racing are managed by the public sector, Pachinko and Pachinko-slot games are managed by private companies. The Japanese gaming market is worth around 240 billion US $.
Session 2-2-E: Slots Are To Las Vegas As Baccarat Is To Macau: A Game Analysis, Arthur Sai-Wai Wong
Session 2-2-E: Slots Are To Las Vegas As Baccarat Is To Macau: A Game Analysis, Arthur Sai-Wai Wong
International Conference on Gambling & Risk Taking
Money is reeling in the casinos in Las Vegas, while chips are rolling in the casinos in Macau. These two different phrases exactly symbolize the ways how these two different gaming jurisdictions make their prosperity.
There are several reels in the slot machines and as they are spun thousands and millions of times…money reels in, it creates the profit for the casinos in Las Vegas.
Baccarat players wager dead chips in the VIP rooms rolling thousands and millions of times…money rolls in, it creates the profit for the casinos in Macau.
Session 2-2-E: The Growth Trends In Macau’S Gambling Industy: A Scenario Analysis, Zhonglu Zeng
Session 2-2-E: The Growth Trends In Macau’S Gambling Industy: A Scenario Analysis, Zhonglu Zeng
International Conference on Gambling & Risk Taking
Macau’s Gambling Industry: A Brief Review
Macau’s gambling industry has experienced tremendous growth in the past 27 years. In 1985, the gambling revenue was only US$0.23 billion; in 2012, the figure reached US$38 billion. The compound annual growth rate is 22%.
Session 2-1-E: Betting Market Efficiency Implications Of Different Structures: Bookmakers Vs. Exchanges, David Mcdonald, Ming-Chien Sung, Johnnie Johnson Professor, John Peirson
Session 2-1-E: Betting Market Efficiency Implications Of Different Structures: Bookmakers Vs. Exchanges, David Mcdonald, Ming-Chien Sung, Johnnie Johnson Professor, John Peirson
International Conference on Gambling & Risk Taking
Outline
(i) Quick definition of market efficiency
(ii) Theoretical models lead to general predictions…
(iii) ...which lead to specific predictions about betting markets
(iv) Results of testing the predictions using real betting market data
(v) Implications and conclusion
Session 2-1-E: Toward An Understanding Of Price Movements In Betting Markets: Profitable Trading Against The Herd, Johnnie E.V. Johnson, Ming-Chien Sung, David C.J. Mcdonald
Session 2-1-E: Toward An Understanding Of Price Movements In Betting Markets: Profitable Trading Against The Herd, Johnnie E.V. Johnson, Ming-Chien Sung, David C.J. Mcdonald
International Conference on Gambling & Risk Taking
Efficient Market Hypothesis
Markets for speculative assets always fully incorporate relevant information in prices
Herding
Participants neglect private info, adjust actionsmore representative of previous price movements
Effect
Price volatility in excess of variations in fundament d informationBubbles, crashes and bank runs
Session 1-4-A: Results From The Swedish Longitudinal Gambling Study (Swelogs): Changes Between 1998, 2009, And 2010, Ula Romild, Jessika Svensson
Session 1-4-A: Results From The Swedish Longitudinal Gambling Study (Swelogs): Changes Between 1998, 2009, And 2010, Ula Romild, Jessika Svensson
International Conference on Gambling & Risk Taking
Public Health Objectives
1. The overarching aim of Sweden’s national public health policy is to create social conditions that will ensure good health, on equal terms for the entire population.
2. The aim for society’s measures against problem gambling is to reduce harm from exaggerated gambling.
Session 1-4-B: Gambling And Marijuana Use In The Netherlands: Is Legalization The Best Tool For Dealing With "Naughty Habits?", William N. Thompson, Laura K. Thompson
Session 1-4-B: Gambling And Marijuana Use In The Netherlands: Is Legalization The Best Tool For Dealing With "Naughty Habits?", William N. Thompson, Laura K. Thompson
International Conference on Gambling & Risk Taking
In 1976, the Netherlands embraced two policy initiatives which encompassed similar objectives. The policies sought to control “undesired substances” via the process of legalization. One legalization process involved casino gambling. The policies have sometimes led to desired results (the right road), while at other times they have led to undesirable results (the wrong road). Now in 2013, without an observable crossroad or even fork in the road, The Netherlands is poised to deviate from a right road to travel down a wrong road by placing rather severe restrictions upon the operations of “Coffee Houses” which have been “serving” customers measured …
Session 1-3-E: Hitting The Sweet Spot: Lottery Promotion And Vulnerability, Elisabeth Papineau, Jean-François Biron, Fanny Lemetayer, Amadou Barry
Session 1-3-E: Hitting The Sweet Spot: Lottery Promotion And Vulnerability, Elisabeth Papineau, Jean-François Biron, Fanny Lemetayer, Amadou Barry
International Conference on Gambling & Risk Taking
Literature about lottery marketing and vulnerability
Lottery advertising in Quebec
Project phases
Results
Conclusion
Session 1-2-F: Sports As An Alternative Asset Class: Gambling As An Investment, Brendan Poots
Session 1-2-F: Sports As An Alternative Asset Class: Gambling As An Investment, Brendan Poots
International Conference on Gambling & Risk Taking
Genesis of the idea came in 2007 in NYC when studying at Columbia. The trading of sports utilising strategies and other traditional financial market practices was identified as a burgeoning opportunity.
Towards the end of 2007 a private Fund with owner’s capital was started.
Global Financial Crisis in 2008 – all asset classes lost value. Diversification did not work. The Olympics, the Superbowl, the World Series and all the Grand Slam tennis and golf tournaments went ahead unaffected.
Priomha Capital Sports Hedge Fund Founded in 2010
Global HQ – Melbourne
Trading office – London & Las Vegas (2014)
Priomha Capital …