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Full-Text Articles in Gaming and Casino Operations Management

Analysis Of Video Poker, Edward Gordon Dec 2012

Analysis Of Video Poker, Edward Gordon

UNLV Gaming Research & Review Journal

Several analyses of video poker reported expected payouts in the vicinity of 99.6 percent. The analysis techniques they used were critically reviewed to validate those favorable results for Jacks or Better video poker. Improvements in playing strategy were discovered during the validation. The performance is now 99.7 percent expected payout. Wong (1988) called attention to an error in the technique earlier analysts used. However, it was found that this error amounted to only 0.1 percent in the overall expected payout.


Providing More Effective And Efficient Casino Rfps, John R. Mills, Jannet M. Vreeland Dec 2012

Providing More Effective And Efficient Casino Rfps, John R. Mills, Jannet M. Vreeland

UNLV Gaming Research & Review Journal

The proliferation of gaming has required governmental entities to become more efficient in the selection of new gaming operators. The Request for Proposal (RFP) process has become the accepted method for selecting operators in new jurisdictions. However, the development of this process has been, and continues to be, evolving; more recent RFPs have learned from the mistakes made in earlier ones. The authors discuss how to make the RFP process more effective and efficient by analyzing the mistakes made in previous RFPs. They provide recommendations on how to structure the initial RFP and about what information should be contained in …


Down At The Track - What Policy, Marketing, & Technology Offer The Sport Of Kings, Leslie E. Cummings Dec 2012

Down At The Track - What Policy, Marketing, & Technology Offer The Sport Of Kings, Leslie E. Cummings

UNLV Gaming Research & Review Journal

Horse and dog racetracks across the U.S. are experiencing declining attendance and betting handle. This article summarizes an investigation into possible causes and remedies for these trends. Three topics emerged: policy, marketing, and technology. First, industry and political leaders must cooperate in identifying and addressing central political-legal issues. Racing's second focus must be marketing management, especially the changing competitive marketplace and specific marketing mix elements. A third concentration for racing industries is the intelligent application of technologies for such strategic purposes as expanding both the track product mix and its distribution.


Club Gaming In New South Wales, Australia: The Transition To Industry Maturity, Nerilee Hing Dec 2012

Club Gaming In New South Wales, Australia: The Transition To Industry Maturity, Nerilee Hing

UNLV Gaming Research & Review Journal

The New South Wales club gaming industry has existed for forty years since the introduction of slot machines in 1956 and has witnessed the impact of changing legal, competitive, social, economic, and technological factors on its competitiveness. Using Michael Porter's framework of competitive forces (1980), this paper analyzes the industry's life cycle in terms of entry barriers, industry rivals, customer markets, and substitute products. This analysis provides evidence that the industry has evolved from an emergent industry to one which is now approaching maturity. Industry cooperation, strategic management, and a refocusing of marketing efforts are suggested as suitable responses by …


The Case For Casino Gaming, Christian Marfels Dec 2012

The Case For Casino Gaming, Christian Marfels

UNLV Gaming Research & Review Journal

Casino gaming in the United States is the fastest growing segment of the expanding entertainment industry. Nevertheless, gaming opponents continue to spread arguments against gaming which are based on their moral-ethical beliefs. In contrast, this paper makes the case for gaming by looking at the economic reality. In the real world, casino operators provide the best products in highly competitive markets, gaming contributes net economic benefits to society, and the alleged substitution effect of gaming does not exist.


Problem Gambling: A Problem For The Gaming Industry And The Broader Community, Shannon Bybee Dec 2012

Problem Gambling: A Problem For The Gaming Industry And The Broader Community, Shannon Bybee

UNLV Gaming Research & Review Journal

No abstract provided.


New Jersey Licensing Issues: Applications And Investigations, Thomas A. Jingoli Dec 2012

New Jersey Licensing Issues: Applications And Investigations, Thomas A. Jingoli

UNLV Gaming Research & Review Journal

No abstract provided.


The Legal Status Of Gaming And Its Impact On Licensing, Shannon Bybee Dec 2012

The Legal Status Of Gaming And Its Impact On Licensing, Shannon Bybee

UNLV Gaming Research & Review Journal

No abstract provided.


Mitigating Inadequate Security Claims Through Effective Security Measures, Susan H. Ivancevich, Daniel M. Ivancevich Dec 2012

Mitigating Inadequate Security Claims Through Effective Security Measures, Susan H. Ivancevich, Daniel M. Ivancevich

UNLV Gaming Research & Review Journal

Gaming and hospitality operators are currently facing a litigation crisis. Recent court decisions, such as Tailhook, have established that hospitality operators are responsible for foreseeable security problems. Because of the increased responsibility placed on gaming and hospitality operators to provide a safe and secure environment for their guests, patrons, and employees, companies must take a proactive stance regarding security. While the surveillance and security programs in place at most gaming establishments are often quite sophisticated, care must still be taken to remain current with technological advances in security and changing industry security standards. The implementation of security measures can help …


Regulation And Auditing Of Indian Gaming Operations, Dennis P. Gauger Dec 2012

Regulation And Auditing Of Indian Gaming Operations, Dennis P. Gauger

UNLV Gaming Research & Review Journal

No abstract provided.


Contemporary Tax Issues In The Gaming Industry, Susan H. Lvancevich, Bernard Fried Dec 2012

Contemporary Tax Issues In The Gaming Industry, Susan H. Lvancevich, Bernard Fried

UNLV Gaming Research & Review Journal

The gaming industry is currently experiencing rapid growth. Because of this growth and the perception that gaming companies are highly profitable, some fear that regulators may be targeting the gaming industry as a potential tax revenue source. The purpose of this paper is to provide an update on current tax issues facing the gaming industry and to present the positions of the gaming industry and the IRS with respect to these issues. Specifically, the following topics are discussed: 1) tip compliance, 2) cash transaction reporting, 3) tournament reporting and withholding rules, 4) complimentaries, 5) employee meals and cafeterias, 6) outstanding …


1995: The Year New Jersey Gaming Regulation Came Of Age, Frank Catania, Gary A. Ehrlich Dec 2012

1995: The Year New Jersey Gaming Regulation Came Of Age, Frank Catania, Gary A. Ehrlich

UNLV Gaming Research & Review Journal

No abstract provided.


Does The Johnson Act Inhibit Riverboat Gaming On The Great Lakes?, Bradley L. Williams Dec 2012

Does The Johnson Act Inhibit Riverboat Gaming On The Great Lakes?, Bradley L. Williams

UNLV Gaming Research & Review Journal

No abstract provided.


Publication Abstracts Dec 2012

Publication Abstracts

UNLV Gaming Research & Review Journal

No abstract provided.


Riverboat Site Selection, Lesley Johnson, John Bowen Dec 2012

Riverboat Site Selection, Lesley Johnson, John Bowen

UNLV Gaming Research & Review Journal

The riverboat casino is the most rapidly expanding segment of the gaming industry. Six states have already legalized riverboat/dockside gaming, and it is currently under review in at least 13 other states. The explosion of this gaming market is fueled by a combination of demand and supply side forces. Gaming, as a form of entertainment, is growing in popularity and acceptance. States experiencing hard economic times view riverboat gaming as a means to generate both non-tax receipts and tourism. Gaming companies seek to profit from this emerging market that has an apparently high demand and, initially, little competition. Competition, however, …


An Evolutionary View Of The Critical Functions Of Slot Machine Technology, Leslie E. Cummings, Kathleen P. Brewer Dec 2012

An Evolutionary View Of The Critical Functions Of Slot Machine Technology, Leslie E. Cummings, Kathleen P. Brewer

UNLV Gaming Research & Review Journal

The U.S. gaming industry has grown from its infancy in the early 1930s to a maturing giant in the 1990s. With this growth has come an evolution in management functions associated with one of the major components of casino operations, the slot department. These functions; counting, analysis, security, maintenance, and marketing, have evolved through an iterative process of technology; applying science to enhance functionality. This paper traces the expanding applications of gaming technologies, and provides a framework for understanding the past, present and future uses of technology in casino slot operations


Indian Gaming: Issues And Prospects, Seth R. Ferber, Kaye S. Chon Dec 2012

Indian Gaming: Issues And Prospects, Seth R. Ferber, Kaye S. Chon

UNLV Gaming Research & Review Journal

This article explains the evolution of Indian gaming from economic and social perspectives. Many of the political opportunities and threats to Indian gaming are examined, and current and future issues surrounding Indian gaming are further explored.


Human Resource Issues In The Gaming Industry, Vincent H. Eade Dec 2012

Human Resource Issues In The Gaming Industry, Vincent H. Eade

UNLV Gaming Research & Review Journal

The gaming industry is currently experiencing unprecedented growth and with this growth, a myriad of business concerns have emerged. Perhaps the single greatest priority is to understand the needs of our most important industry asset: our employees. As with any service business, success is predicated on the quality of the product delivered by workers and employee performance often has it roots and can be traced to the degree of job satisfaction and training realized by the workforce.


Prospects And Strategies Of Gaming Ventures In China, Zheng Gu Dec 2012

Prospects And Strategies Of Gaming Ventures In China, Zheng Gu

UNLV Gaming Research & Review Journal

This paper analyzes the prospects of gaming ventures in China and discusses the strategies for Western investors. A strong demand for gambling, changing government attitudes, increased wealth and leisure, and a fairly established foundation of tourism have created a favorable climate for gaming ventures in China. The major risks are political instability, policy inconsistency, and inflation. To develop gaming projects in China, Western gaming investors need to choose the right regions and build casinos different from those in Las Vegas. At the current stage, active involvement with a small amount of capital is recommended.


The Effects Of Native American Gaming On Other Tourist Businesses, Carl A. Boger Jr. Dec 2012

The Effects Of Native American Gaming On Other Tourist Businesses, Carl A. Boger Jr.

UNLV Gaming Research & Review Journal

Native American gaming (NAG) has increased significantly over the Last several years since its Legalization in I988. Currently there are I70 Native American tribes that have some form of gaming. It has been estimated that NAG has become a 2 billion dollar industry for many states. In the next several years it could become one of the Largest industry throughout the United States. The overall impact of NAG has not been thoroughly studied due to its recent Legalization. This study examined the impact that the introduction of NAG has had on non-NAG businesses at a Wisconsin tourist destination area.


Changes In Gaming And Gaming Participants In The United States, Roy A. Cook, Laura J. Yale Dec 2012

Changes In Gaming And Gaming Participants In The United States, Roy A. Cook, Laura J. Yale

UNLV Gaming Research & Review Journal

Public interest and acceptance of casino gaming as a recreational activity has resulted in a proliferation of gaming locations. The spread of gaming locations and the acceptance of gaming as a legitimate leisure activity may be explained from a marketing perspective through diffusion theory. Gaming could see continued revenue growth and participation or, like lotteries, it could face saturation and even decline. To avoid the potential problems associated with maturation, gaming operators may need to review the experiences of state lotteries which have faced and dealt with the problems of maturation and saturation.


Opinions On Riverboat Casinos And The Perceived Impacts On Community Quality By Quad Cities' Residents, Tin Oo Thin, Cathy H.C. Hsu Dec 2012

Opinions On Riverboat Casinos And The Perceived Impacts On Community Quality By Quad Cities' Residents, Tin Oo Thin, Cathy H.C. Hsu

UNLV Gaming Research & Review Journal

The purposes of the study were to determine the opinions of Quad Cities residents about legalized riverboat casinos in their communities and their perceptions on the importance of community quality attributes and impacts of legalized riverboat casinos on these attributes. Differences of opinions among respondents with different demographic characteristics also were examined. Stratified systematic random sampling method was used to draw samples from the Quad Cities telephone directory; 200 residents were selected from each city. Of the 800 questionnaires mailed, 231 were returned. Residents agreed that the presence of riverboat casinos was good for the community. The majority of community …


Publication Abstracts Dec 2012

Publication Abstracts

UNLV Gaming Research & Review Journal

No abstract provided.


Casino/Patron Disputes, John Tatro Dec 2012

Casino/Patron Disputes, John Tatro

UNLV Gaming Research & Review Journal

No abstract provided.


Work Permit Hearings, John Tatro Dec 2012

Work Permit Hearings, John Tatro

UNLV Gaming Research & Review Journal

No abstract provided.


The Investigations Division Of The State Gaming Control Board: An Introduction To The Investigative Process, Randall E. Sayre Dec 2012

The Investigations Division Of The State Gaming Control Board: An Introduction To The Investigative Process, Randall E. Sayre

UNLV Gaming Research & Review Journal

No abstract provided.


International Gaming Credit, Due Diligence And Enforcement: How Can The Risks Be Mitigated?, Martin S. Kenney Dec 2012

International Gaming Credit, Due Diligence And Enforcement: How Can The Risks Be Mitigated?, Martin S. Kenney

UNLV Gaming Research & Review Journal

No abstract provided.


The Audit Division Of The State Gaming Control Board: Overview Of Organization And Current Tax Issues, Gregory Gale Dec 2012

The Audit Division Of The State Gaming Control Board: Overview Of Organization And Current Tax Issues, Gregory Gale

UNLV Gaming Research & Review Journal

No abstract provided.


An Overview Of Disciplinary Proceedings Before The Nevada Gaming Commission, Neil H. Friedman Dec 2012

An Overview Of Disciplinary Proceedings Before The Nevada Gaming Commission, Neil H. Friedman

UNLV Gaming Research & Review Journal

No abstract provided.


Nevada State Legislature Continues Gentle Evolution Of Nevada Gaming Law In 1993, Robert D. Faiss, Steve Greathouse Dec 2012

Nevada State Legislature Continues Gentle Evolution Of Nevada Gaming Law In 1993, Robert D. Faiss, Steve Greathouse

UNLV Gaming Research & Review Journal

No abstract provided.