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Harrah Entertainment: The Gambling Industry, 2008.
A strengths, weaknesses, opportunities, threats (SWOT) and growth analysis for Harrah's Entertainment Inc.
1,899 words (approx. 7.6 pages), 8 sources, MLA, AU$ 88.95
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Abstract
This paper analyzes Harrah's Entertainment Inc. and its growth in the gaming industry. The paper provides a strengths, weaknesses, opportunities, threats (SWOT) analysis for the company and then looks at financial considerations that are relevant for its establishments. Finally, the paper briefly discusses Harrah's activity ratios and growth ratios.
Table of Contents:
Introduction
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
Financial Ratios
Profitability Ratios
Liquidity Ratio
Leverage Ratios
Activity Ratio
Growth Ratios
Conclusion
From the Paper
"Harrah's is a well managed company that is has moved to the extreme top of the gambling and gaming industry. It is has accomplished this through a series of strategic acquisitions including its purchase of Caesars as well as its move into the Asia-Pacific Rim. It is clear that Harrah's is intent on not only increasing profitability but in returning value to shareholders over the long-term and that is why this would be a strong investment target. Additionally, Harrah's sound management indicates that it would be a positive place to work with much room for growth and advancement given its diverse operations. Furthermore, because Harrah's values customer service and, in fact, relies on its customer service to ensure revenue continuity, it could be said that customer service is actually Harrah's primary line of business and that all its other activities are pursuant to its treatment of its guests."
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Harrah's Entertainment, 2005.
An analysis of Harrah's Entertainment Inc..
1,125 words (approx. 4.5 pages), 1 source, AU$ 64.95
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Abstract
The paper discusses the relative strengths, weaknesses, opportunities, and threats of Harrah's Entertainment in the gambling and gaming industry in the form of a SWOT analysis. The paper offers an in-depth analysis of Harrah's Entertainment operations. While Harrah's operations are considered to be very strong and the company financially sound with large cash reserves, it is very exposed to the online gaming and gambling industry that is highly unregulated and very profitable.
From the Paper
"Harrah's Entertainment Inc., headquartered in Las Vegas, Nevada, operates mainly in the casino entertainment business. The company, founded more than 60 years ago, is recognized as the third biggest gaming company in the world. Harrah's Entertainment is an unparalled entertainment establishment operating 28 casinos in more than 13 US states under the Harrahs, Rio, Harveys, and Showboat brand names. Its operations include casino hotels, dockside and riverboat casinos, and Indian gaming establishments. Harrah's total revenues grew 5.5% in 2003 to $4,322.7 million, primarily as a result of a full year of consolidation of Jazz Casino Company into the financial results compared to the partial year in 2002 following the acquisition of a controlling interest in that property, the company's acquisition of Louisiana Downs in December 2002 and the subsequent introduction of slot machines at that property in mid-2003, and the contributions.."
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Harrah's Entertainment, Inc., 2004.
This paper is a comprehensive review of Harrah's Harrah's Entertainment, Inc. strategic position in 2004.
2,700 words (approx. 10.8 pages), 6 sources, APA, AU$ 139.95
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Abstract
This paper includes Harrah's external analysis of the environment and internal analysis of the company. The author points out the company strategies, organizational structure and control systems. The paper reviews the company's past performance and predicts future performance.
From the Paper
"This paper presents the findings of a strategic audit of Harrah's Entertainment,Inc.. The findings of the strategic audit cover the following topics: Background information on the company, external analysis of the environment, internal analysis of the company, analysis of company strategies, analysis of organizational structure and control systems, analysis of the company's past performance and predicted future performance of the company for .... . "
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Solutions to Gambling Related Crime, 2005.
A discussion regarding gambling, gambling related crime and possible solutions to resolve gambling addiction.
1,350 words (approx. 5.4 pages), 6 sources, AU$ 77.95
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Abstract
This paper discusses the issue of gambling related crime and solutions to the problem. The paper discusses historical evidence that society has never been directly involved in ending the issue, and that over time gambling has become more apparent in society, and with it, so has gambling related crime.
From the Paper
"Throughout history gambling has been an inclusion in society that has elicited concern from many, and indifference from others. Politicians have traditionally conceded the fact that gambling as a public recreation has caused some difficulties in the masses. They have even discussed the fact that they believe that gambling might be acceptable - as long as only those that possess the wealth to support their bets practice gambling. As casinos have now been constructed in many States in America, those closest to these gambling institutions address the issue of gambling related crime almost daily. However, politicians, and government officials contend that there is not enough evidence to support programs that are State, or Federally funded which would reduce, or stop gambling related crime, or provide solutions to those who wish to escape their addictions."
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Sports Gambling, 2007.
This paper discusses the matter of sports gambling and argues against gambling.
2,109 words (approx. 8.4 pages), 9 sources, MLA, AU$ 97.95
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Abstract
In this article, the writer discusses the issue of sports gambling and maintains that gambling is one of the major ethical problems in our society. The writer notes that sports gambling has raised many concerns in society about what it does to the integrity of sports. The paper uses an informal style of writing and is written from a personal point of view. The writer claims that gambling on sports is bad for all professional and collegiate sports. The writer concludes that people need to realize how much gambling takes away from the joy and glory of sports before anything can ever be done to halt it.
From the Paper
"Daly and Barkley have been two of the major public figures in sports who have struggled with a majority of problems in their personal lives due to gambling. The message these two famous individuals are sending is detrimental to America's youth."
"The youth in this country today are the first generation that has extensive access to legalized and government-sanctioned gambling. They also live in an environment where legal and illegal gambling is so easily accessible due to the internet. In a study conducted of 585 students at the University of Lethbridge, in Lethbridge, Alberta, Canada, 72% of the students were involved in some sort of gambling over a six month time period. During this period time the average amount of time spent involved with gambling was 33.7 hours."
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The Gambling Industry.
This paper is a marketing analysis of the gambling industry, especially Las Vegas casino gambling.
4,405 words (approx. 17.6 pages), 2 sources, MLA, AU$ 168.95
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Abstract
This paper explains that, having been between legal and illegal for part of its existence and, at times, closely connected to the Mafia, lately, the image of the casino gambling industry has changed, combining gambling with entertainment and unusual architecture to attract larger numbers of consumers. The author points out that the amount of money people spend on a trip to Vegas or a simple evening in a casino is directly related to the income level of the population; therefore, the economic component of the market has the greatest impact on the casino gambling industry. The paper relates that an important target market is professional gamblers, who are generally rich or very rich persons, who regularly spend large amounts of money at the tables, who enjoy luxurious treatment, and who are most likely to go to the casinos at Monte Carlo rather than Los Vegas.
Table of Contents
The Macro-Environment
Marketing Objectives
The Casino Gambling Industry
Target Market
The Marketing Mix
Place
Promotion
Price
Product
Conclusion
From the Paper
"The demographic component does not actually affect the casino gambling industry. Perhaps only in terms of an ascendant trend in population growth, which would mean a higher probability that people may go gambling. Another opportunity, however, is provided by an increase of families. I am asserting this because, in the last years at least, it is ever more often that family groups go to cities like Vegas or Atlantic City and spend an amount of money on gambling. As for the geographical distribution, referring here to a urban or rural distribution, it is often the case that urban people gamble more in casinos than rural dwellers. As such, an increase in the number of people who live in the city will certainly be considered an opportunity."
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Technological Advancements in Gambling, 2004.
A discussion on whether legislators are able to keep up with the technological advancements made in the gambling field.
5,830 words (approx. 23.3 pages), 24 sources, APA, AU$ 203.95
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Abstract
This paper examines how gambling has played a great role in the birth of the United States and many educational institutes and how it has also helped to fund a number of charitable causes. It looks at how gambling is a double-edged sword that is beginning to cut through the very fiber of our society via the quick pace of technological advancements. It explores how state legislators are having an extremely difficult time with this quick pace and cannot pass legislation fast enough to halt the damage being caused by Internet gambling, video lottery terminals, and other computer-enhanced gambling devices.
Outline
Gambling Defined
American History of Gambling
Technological Evolutions Which Assisted in the Rise of the Popularity of Gambling
Internet Gambling
The United States Federal Government?s Attempt at Eradicating Internet Gambling
Conclusion
From the Paper
"After the American Revolution and during the westward expansion, gambling began to evolve beyond lotteries, dice and card games. While it was still common for taverns and road houses to offer these simpler gambling vices, a new venue was starting to take off. By the beginning of the 1800's, spurred by the increased populations of towns, rich-looking casino-type establishments began opening up. This was especially true in the Mississippi Valley which had the advantage of waterways which allowed for the transportation of cash-laden passengers by river boat to the variety of gambling venues upon and down the Mississippi River. The river boats which allowed for ease of travel up and down the rivers brought more people into the coastal southern towns. While the river boats themselves were not used for casino-like gambling, they were instrument in the rise of gambling which helped boost the southern state?s economies."
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Effects of Gambling, 2006.
This article discusses the advantages and disadvantages of organized gambling.
1,050 words (approx. 4.2 pages), 6 sources, MLA, AU$ 53.95
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Abstract
The writer discusses that the positive effects of organized gambling on many aspects of modern life outweigh the harmful effects predicted by those who oppose legalizing organized gambling. The author mentions that opponents have beaten the drum concerning addiction to gambling, characterizing it as demonic and likely to ruin the lives of countless millions, as drug and alcohol addiction are said to do. Proponents of legalizing organized gambling contend, instead, that gambling is not an addiction, but a choice, and that the revenues to be derived from legalizing organized gambling can be used to among other things help reduce the real addictions in the United States to narcotics and alcohol.
From the Paper
"Whether or not there is any truly psychological or pathological component in gambling (and Vatz makes a good case that there is not), there are positive societal effects of gambling, not least of which is the contribution it makes to the modern economy. For example, with dotcoms having plunged from their initial moneymaking heights, "The online gambling industry remains one of the Internet's few cash cows, with much of its success owed to an increase in demand from U.S. consumers" (Krebs, 2003). Despite the efforts of various politicians, such as the Maryland Speaker of the House, to curb gambling in various states, the virtually untouchable Internet makes it possible for anyone, anywhere to gamble. Americans are responsible, globally, for most of the growth in online gambling. The U.S. General Accounting Office projected Internet gambling revenues at above $5 billion in 2003, "with 50 to 70 percent of that revenue from U.S. customers" (Krebs, 2003)."
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Underage Gambling, 2007.
An overview of the implications of underage gambling.
1,555 words (approx. 6.2 pages), 5 sources, MLA, AU$ 75.95
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Abstract
This paper discusses how, in an age of emphasis on material success, gambling is causing society to move even further away from the things that truly matter in life. It looks at how, although there are many aspects of gambling that ultimately benefit its victims, teenagers are being drawn into gambling for all of the wrong reasons. While true that cultural roles can be satisfied in one contained activity, the ultimate goal of gambling never changes; to win money. It contends that, although gambling provides many beneficial things to gamblers, it cannot be considered a helpful and acceptable part of society until teenagers see that gambling does not need to be driven by greed, power, and material desire.
From the Paper
"Despite the significant downsides of underage gambling, can the compulsive activity carry benefits as well? Marco R. della Cavs, author of the article Poker at an Early Age: Not Just Another Teen Fad, asserts that, "Poker offers teens five things: social interaction, especially for the socially awkward; help with math and other number-related skills; an understanding of risk/reward scenarios; lessons on how to read looks and gestures; and insights into your own limits of self-control." With so much proof of how detrimental gambling is to its users, is relieving to know that these benefits still exist."
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The Benefits of Gambling, 2002.
This paper outlines the benefits of responsible gambling and concludes that these benefits outweigh the drawbacks.
770 words (approx. 3.1 pages), 4 sources, MLA, AU$ 40.95
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Abstract
This paper addresses the benefits of responsible gambling. These benefits include generation of revenue for state governments and local communities, relief in economically recessed communities, and as a form of entertainment. The paper also includes a history of gambling and explains how it is a social activity. The paper disproves that it is an addiction similar to a drug addiction and shows how the problems of gambling are overstated.
From the Paper
" ?Play not for gain, but sport; who plays for more than he can lose with pleasure stakes his heart.? This quote by George Herbert defines the limits of gambling responsibly. Gambling, throughout history, has been viewed as immoral due to its supposedly addictive nature. Despite this immorality, gambling has proven to be an effective way to raise funds for deserving causes. Responsible gambling offers advantages, which outweigh its socially undesirable nature. These advantages include benefits to state governments and local communities, popularity as a form of entertainment, and a non-addicting source for recreation."
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Legalization of Gambling, 1999.
Explains why gambling should be legalized in the U.S.
1,293 words (approx. 5.2 pages), 8 sources, MLA, AU$ 63.95
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Abstract
This persuasive paper provides support for the legalization of gambling in the U.S. It argues that since 48 states already support gambling in some form or another, there is no reason why gambling of all forms should be allowed in all states. The paper looks at the financial benefits of gambling to America's economy and argues that gambling is no bigger a vice than smoking or drinking alcohol.
From the Paper
"Gambling should also be legalized because on-line stock trading is legal. On-line trading is the buying and selling of stocks and bonds over the Internet for persons 21 and over. The trading of stocks over the Internet is essentially gambling, with the same outcomes of winning and losing money. The stock market is designed for careful investors who research and plan their buying and selling. With the establishment of on-line stock trading the market has become a form of gambling. Now people who have the required $1,000 to establish an Internet account just sit down at their computers and ?bet? on whether a company?s stock will go up or down to ?win? the trader money, just like betting on whether a seven or eleven will come up on the dice."
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Internet Gambling, 2001.
A discussion of whether or not internet gambling should be banned in Australia.
908 words (approx. 3.6 pages), 8 sources, MLA, AU$ 47.95
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Abstract
This report provides evidence-based arguments as to whether internet gambling should be banned in Australia. The paper lists the features of three on-line gambling sites and rates them in terms of minimising harm from excessive gambling. The paper then concludes that despite the recent surgence in the number of Internet gambling sites, the Australian government should work to put a stop to it, or at least restrict the ways in which gambling sites become active.
From the Paper
"Internet gambling is a form of interactive gambling through a communication channel such as computer terminal, television or telephone (Productivity Commission?s Inquiry Report 2001). Although the use of Internet gambling has increased dramatically over the past few years, there are many disadvantages associated with it. The general benefits and drawbacks of Internet gambling are evaluated below."
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Motivations for Gambling, 2002.
Examines several theories which try to explain the addictive nature of gambling.
3,775 words (approx. 15.1 pages), 17 sources, AU$ 201.95
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Abstract
Gambling is itself a behavior that defies logic as the knowledge that losses far exceed wins is the basis for the industry. Yet gambling is not only prevalent but growing. There may be deep emotional causes of gambling but the motivational causes specifically intrinsic to gambling behavior are being studied from many different viewpoints to find ways in which to intervene in the addictive process as it pertains to gambling as distinct from other addictive behaviors. Different theories are looked at to understand this complex topic.
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Online Gambling, 2007.
A discussion on the legalization of online gambling.
2,276 words (approx. 9.1 pages), 10 sources, APA, AU$ 103.95
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Abstract
This paper looks at both sides of the argument for Internet gambling. It discusses how the uncertainty about the legal status of gambling has not prevented millions from continuing to use online services. It also discusses how, to a degree, online gambling is de facto legalized already just because there seems to be no way to stop it and how what might be preferable would be for the government to regulate online gambling in order to protect the consumer, tax revenues, and keep children from gambling.
From the Paper
"Congress has been considering whether to regulate Internet gambling and how to do so, but observers note that lawmakers are facing great odds in doing so. Some one million Americans are believed to place bets online each day, which makes online gambling a $6 billion industry. One count has it that some 4.5 million Americans have placed a bet online at some time. This includes horse race bets, which can be placed in twelve states. Existing law makes it illegal to use businesses that use telephones or any "wire communication facility" to place bets across state lines. The Justice Department believes that this includes the Internet, though that has not been firmly established in case law to date: "Because the betting is done privately, on personal computers in homes, college dorms and office cubicles, it is difficult for states to prosecute" (Wendland, 2003, para. 10). It is even more difficult to b ring a case against the operators of online sites because they often operate from overseas. "
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Gambling and Addiction, 2006.
This paper examines the various social, psychological and biological factors that can cause certain individuals to become addicted to gambling.
720 words (approx. 2.9 pages), 5 sources, MLA, AU$ 37.95
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Abstract
This paper focuses on the issue of gambling and addiction in Australia. The paper defines problem or addictive gambling as an incapacitating disorder that often results in one's failure to maintain financial solvency. The writer of this paper delves into the various causes of this particular addiction which are often triggered by social pressures as well as the biochemistry and psychology of particular individuals. This paper looks at the biological causes in which an addicted gambler appears to have a greater biological or chemical need for arousal or relaxation when compared to a non-addicted person. The writer discusses the various types of personalities that are more susceptible to becoming addicted to gambling and the social demographics that also impact the venue of gambling behavior.
Table of Contents:
Introduction
Gambling in Australia Today: Causes and Solutions
Conclusion
Works Cited
From the Paper
"Certain social demographics impact the venue of gambling behavior. Younger gamblers are more apt to use the Internet. Women are more likely to use slot machines than bet on sports. Lower income individuals use slot machines rather than horse racing. Yet, not every group gambles equally often, demographically. Protestants seem less likely to gamble than Catholics. Culture plays a role, and demographics affect the choice gambling venue method. Yet when new forms of gambling are introduced, there is an overall increase in gambling. The method of gambling may also influence the likelihood of abuse."
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Online Gambling Problems, 2008.
This paper discusses the negative effects of online gambling.
865 words (approx. 3.5 pages), 5 sources, MLA, AU$ 44.95
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Abstract
In this article, the writer outlines three major problems which accompany online gambling. To begin with, the paper notes how online gambling can aggravate problems often associated with excessive internet use. The paper then explores how Internet gambling can, by offering so many alluring opportunities to make money at the click of a mouse, quickly destroy a family or individual financially. Proceeding further, the paper concludes by looking at how online gambling can produce misery not only for the gamblers, but for innocent victims otherwise untouched by the affliction. In the final analysis, the writer wishes to underscore that gambling has many victims and many very serious consequences that extend beyond merely losing cash at the online craps table.
From the Paper
"Therefore, what is frequently over-looked by those absorbed with pointing out the destructive financial consequences of online gambling is the fact that it isolates individuals at precisely a time when they need the assistance of others; furthermore, time spent gambling is, quite simply, time not spent engaging in a healthy physical or intellectual lifestyle."
"Another - and more conspicuous - problem which can be readily associated with internet gambling is the fact that it makes it very easy for an individual to accrue crippling debts from the comfort of his or her own home. In large measure, this the real tragedy for anyone addicted to online gambling: whereas "normal" gambling usually involves having to physically exit one's home, secure transportation, and find the time in a busy schedule to first begin the gambling process (trips to Las Vegas or to any Casino are not always easy matters to arrange, after all), online gambling can begin innocuously simply by someone turning to the wrong website one particular evening and finding it alluring enough to start. One other factor which must be borne in mind - and this is rather related to the last sentence - is that online gambling sites never really shut down and can be readily accessed at any time from anywhere."
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