Business Commons^™

A History Of The International Conference On Gambling And Risk-Taking, William R. Eadington, David G. Schwartz

UNLV Gaming Research & Review Journal

No abstract provided.

Sociologists!, Michael S. Green

UNLV Gaming Research & Review Journal

No abstract provided.

Is Las Vegas A "Real City"?, David R. Dickens

UNLV Gaming Research & Review Journal

No abstract provided.

The Probability Distribution Of The Sum Of Several Dice: Slot Applications, Ashok K. Singh, Rohan J. Dalpatadu, Anthony F. Lucas

UNLV Gaming Research & Review Journal

The probability distribution of the sum of two fair dice is used to calculate the house advantage of various bets in craps, and is readily available in probability and statistics books and gaming literature. The probability distribution of the sum of A: dice (for k >= 3) is derived in this paper using the method of moment generating function. A recursion formula for deriving the probability distribution of the sum of k dice (for k >= 3) from the probability distribution of the stun of k-1 dice is also given. There are no gaming books or journal articles that demonstrate …

Recent Research Trends In The Gaming Industry: A Content Analysis Of Research Literature On Casino Profits, Toni Repetti

UNLV Gaming Research & Review Journal

This content analysis reviews empirical studies of gaming regulatory changes and casino operations changes published between 1995 and 2011. Studies concerned with changes that effect casino volume, revenue, or profit are included with a table summarizing all findings in each category. Suggested modification to existing research has also been suggested in some cases. The author provides proposed hypotheses for future research and the implications the past and future research has to academia and industry.

Estimating The Indirect Effect Of Sports Books On Other In-House Gaming Volumes, Brett L.L. Abarbanel, Anthony F. Lucas, Ashok K. Singh

UNLV Gaming Research & Review Journal

Using data from a repeater market hotel in Las Vegas, Nevada, the relationship between sports book and slot machine revenues is examined. Daily sports book write and daily slot handle are compared over a 250 day period. Though many industry leaders theorize that sports book gamblers also wager in slot banks, the results of this Autoregressive Integrated Moving Average (ARIMA) analysis fail to demonstrate a statistically significant relationship between sports book write and slot coin-in at the 0.05 alpha cutoff. This study advances literature currently available by establishing the lack of such a relationship and disputing the generally accepted assumption …

“Don’T Blow A Bunch Of Cash On Vegas:” An Event Study Analysis Of President Obama’S Public Statements On Las Vegas, Paul Gift, Michael J. Gift

UNLV Gaming Research & Review Journal

In February of 2009 and 2010, President Obama made what some in the media and gaming industries construed as negative public statements regarding trips to Las Vegas. Some claimed these statements could easily be interpreted as a suggestion that companies and individuals avoid casino areas, thus doing additional harm to their surrounding economies during already tough times. In this paper, we use event study methodology to examine stock market reactions of U.S. casino-related businesses to the president’s statements. We find that President Obama’s statements were followed by significant negative abnormal returns in the segment of companies targeted more towards conventions, …

Frontline Employees’ Informal Learning And Customer Relationship Skills In Macao Casinos: An Empirical Study, Carlos S. Lam

UNLV Gaming Research & Review Journal

This study uses qualitative methods to better understand how the informal learning of frontline employees influenced their customer relationship skills in dealing with patrons at gaming tables, in the hope of achieving positive customer experiences in a competitive environment in Macao. As casino operators need to get their employees to work after limited formal training, they might find that their emphasis on formal training might be insufficient to provide patrons with customized service in Macao. In this context, the concept of informal learning, which is determined and directed by learners themselves to further improve what they have learned from their …

The Effect Of Online Gaming On Commercial Casino Revenue, Kahlil S. Philander

UNLV Gaming Research & Review Journal

This study estimates the effect of the online gaming industry on the commercial casino gaming industry. The findings from this study suggest that during the pre-UIGEA period, online gaming was a moderate substitute good for brick and mortar gaming in the U.S. During this early period in the online gaming market, which was characterized by loose regulation and relatively easy access, online gaming revenue is estimated to have cannibalized commercial casino revenue at a rate of 27 to 30 cents on the dollar. A discussion of this finding’s relevance to the current gaming market and the related policy considerations is …

What Is Intellectual Capital?, Mikael Ahlgren

UNLV Gaming Research & Review Journal

The transformation of Las Vegas from the domestic center of gaming to the future global command center of the gaming industry is an ambitious undertaking. The city of Houston, Texas successfully underwent a similar evolution in the 1980s. Now recognized as a global hub of the energy industry, Houston's stakeholders often credit intellectual capital as a primary driver of their success. This article provides an introduction to intellectual capital theory and offers Las Vegas and its stakeholders some guidance for future examinations of the city's intellectual resources.

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

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

UNLV Gaming Research & Review Journal

No abstract provided.

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

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

UNLV Gaming Research & Review Journal

No abstract provided.

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

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

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

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 …

Legal Considerations: Student Activities, Organizations & Greek Life, John Sanders

Parameters of Law in Student Affairs and Higher Education (CNS 670)

No abstract provided.

From Handbills To Proposed Bills: Suggestions For Regulating The Law Vegas "Strip" Tease, Brian D. Blakley

BYU Law Review

No abstract provided.

Reducing Unlawful Prescription Drug Promotion: Is The Public Health Being Served By An Enforcement Approach That Focuses On Punishment?, Vicki W. Girard

Georgetown Law Faculty Publications and Other Works

Despite the imposition of increasingly substantial fines and recently successful efforts to impose individual liability on corporate executives under the Park doctrine, punishing pharmaceutical companies and their executives for unlawful promotional activities has not been as successful in achieving compliance with the Federal Food, Drug, and Cosmetic Act (FD&C Act) as the protection of the public health demands. Over the past decade, the Food and Drug Administration (FDA) and the Department of Justice (DOJ) have shifted their focus from correction and compliance to a more punitive model when it comes to allegedly unlawful promotion of pharmaceuticals. The shift initially focused …

Sustainable Water Management On Brownfields Sites, Ryan Fenwick, New England Environmental Finance Center

Sustainable Communities Capacity Building

This practice guide was developed by the Environmental Finance Center Network (EFCN) through the Capacity Building for Sustainable Communities program funded by the US Department of Housing and Urban Development and the US Environmental Protection Agency. Through a cooperative agreement with HUD, EFCN is providing capacity building and technical assistance to recipients of grants from the federal Partnership for Sustainable Communities, an interagency collaboration that aims to help towns, cities, and regions develop in more economically, environmentally, and socially sustainable ways.

Drinking Water Resource Directory, New England Environmental Finance Center

Sustainable Communities Capacity Building

This document is intended to help local and regional planning agencies, and their constituent water utilities, integrate drinking water infrastructure planning and investments into plans for sustainable development. Resources listed here provide guidance on making land use decisions that protect water resources, setting adequate and sustainable drinking water rates, controlling water loss, funding water infrastructure projects, and managing water utilities.

The directory was developed by the Environmental Finance Center Network through the Capacity Building for Sustainable Communities program funded by the U.S. Department of Housing and Urban Development and the Environmental Protection Agency. Through this program, EFCN is providing capacity …

A Framework For Analyzing Attorney Liability Under Section 10(B) And Rule 10b-5, Gary M. Bishop

The University of New Hampshire Law Review

[Excerpt] “Lawyers who make their living representing securities issuers face a myriad of challenges. Securities lawyers must navigate and master an intricate body of statutory, regulatory, and case law at both the state and the federal level and ensure that their clients comply with the law. The compliance requirement, however, is not limited to the issuer clients. Defrauded investors will often seek recovery of their losses from both the issuer of the failed investment securities and from the lawyers who represent the issuer, which only exacerbates the complexity of the securities lawyer’s work. These securities fraud actions against lawyers raise …

The Strategic Implications Of China's Rare Earths Policy, Shane Bilsborough

Journal of Strategic Security

Drawing on literature in China studies, strategic theory, and expert interviews, this article analyzes the possibility of "rare earths" being leveraged by the People's Republic of China (PRC) in a crisis. The evidence suggests China's position in the rare earths market could constitute a significant security liability for the United States. It also seems that even if coercion fails to materialize, China's rare earths policies have the potential to intensify security dilemmas in Sino-American relations.

Cover & Front Matter

Journal of Strategic Security

No abstract provided.

Arctic Energy Resources: Security And Environmental Implications, Peter Johnston

Journal of Strategic Security

In recent years, there has been considerable interest in the Arctic as a source for resources, as a potential zone for commercial shipping, and as a region that might experience conflict due to its strategic importance. With regards to energy resources, some studies suggest that the region contains upwards of 13 percent of global undiscovered oil, 30 percent of undiscovered gas, and multiples more of gas hydrates. The decreasing amount and duration of Arctic ice cover suggests that extraction of these resources will be increasingly commercially viable. Arctic and non-arctic states wish to benefit from the region's resources and the …

The 2011 Mena Revolutions: A Study In U.S. Energy (In)Security, Jessie Rumsey

Journal of Strategic Security

The recent upheavals in the Middle East and North Africa (MENA) have brought into stark relief the conflict between democratic values and strategic interests in U.S. foreign policy. Americans are known for commitment to life, liberty, and the pursuit of happiness, yet the U.S. Government is frequently unwilling to step forward and openly express even rhetorical support for reform movements in foreign countries. In fact, initial American reluctance to support the recent "Arab Spring" uprisings serves as another example of what scholars argue is a general exception in the MENA to broader post-Cold War rising costs of maintaining autocracy. This …