Chapter 12Gaming Entertainment.ppt

Chapter 12 - Gaming Entertainment Chapter 12Gaming Entertainment After Reading and Studying This Chapter, You Should Be Able to: Outline the history of the gaming entertainment industry Describe the various activities related to gaming entertainment Explain how gaming entertainment is converging with other aspects of the hospitality business Discuss the controversies surrounding the gaming entertainment industry Gaming Entertainment Defined 432 casinos in 11 states Commercial and Native American casinos Card rooms Charitable games Lottery-operated games Wagering on greyhound and horse races Definitions Handle: What the consumer bets (wagers) $500 billion Win: Gross gambling revenue $48 billion Casinos count for half of U.S. gaming dollars Gaming Versus Gambling Gaming entertainment: Casino floor (gambling) High-quality food and beverage Hotel rooms Live performances Theme park, theme rides, and museums Land-based and riverboats Gambling: Playing a game of risk for chance of making money Who Is the Guest? Increasing acceptance by all consumers 32% of U.S. households gamble in casinos Younger players White-collar jobs Wants total entertainment experience History of Gaming Precise origin is unknown Ancient games of chance can be documented in China and Rome 17th century casino-style gaming clubs existed in England, Italy, and Central Europe The Bellevue opened August 10, 1901 Las Vegas Mobster Bugsy Siegel influence Gambling legalized in 1931 From 1940–1978, Las Vegas was a monopoly for gaming: No hotel rooms No entertainment Gaming Control Board and Nevada Gaming Commission The Move to New Jersey Gambling legalized in 1976 Looked at gaming to invest capital, create jobs, pay taxes, and attract tourists Casino Control Act funded Casino Control Commission Important Notes Donald J. Trump’s role in Atlantic City casino industry Pennsylvania Slot Law Pennsylvania State Gambling Commission Native American Gaming In 1987 the Supreme Court determined if a state has gam