Hospitality Chapter 13 Gaming Entertainment – Flashcards

The gaming entertainment started in Las Vegas. From 1940 to 1976 Las Vegas had a monopoly on the casino business. Atlantic City in 1976 was next when NJ voters approved casino gambling. Casino Control Act was developed to create jobs , attract tourist, pay taxes and invest capitol so urban redevelopment would occur. Not soon after other states followed New Jersey other states approved gambling.

Gaming entertainment business is identified by all aspects ,including hotel operations, entertainment offerings, retail shopping, recreation activities, food and beverage, and other operations in addition to wagering on the gaming floor.

Its a place where a tourist can base a vacation , where entertainment, recreational activities, shopping ,sightseeing,lodging ,food and drink can be at full service .

Legal ,regulatory and compliance issues must be enforced. Broken laws can result in lawsuits and cost companies large sums of money.

Because gaming entertainment properties have hotels that are much larger than non-gaming hotels ,department heads have a large number of supervisors reporting to them more responsibilities. Reservations,front desk, housekeeping ,valet parking, and guest services can be very large departments with many employees.

Entertainment Operations with some shows in the $30 to $90 million range. Food and Beverage Operations , Retail Operations, Hotel Operations

Production shows,theme parks,thrill rides,museums ,cultural centers , recreational activities

Dollars waged or bet

To bet money on the outcome of a game of chance

Dollars won by the gaming operation from its customers.