Paper Topic:

Analyze a Local Gaming Industry

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Introduction

Catskills casinos can become a great source of competition for many other casinos in the U .S . Catskill Development is casting around for a third partner . But Catskills Development immediately turned to another prospect , Harrah 's Entertainment , one of the country 's largest gaming companies . A Harrah 's spokesman said only that negotiations were ongoing

Mayor Sommers speculated that Catskills Development was bracing for intense competition with the Mohawk-Park Place casino , but emphasized that the town welcomed both businesses . He also extended an invitation to the

Cayuga leaders . I would love to meet with the Cayugas just to learn what they have in mind

Competition

Atlantic City , New Jersey , Connecticut and many other casinos can give great competition to catskills casino executives aren 't worded bout New York legislators who are beating the drums for American Indian casinos in the Catskills . Instead , indications are they 're circling the wagons and are cautiously optimistic about a better year in 2002

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Preliminary figures show that Atlantic City 's casino business is already rebounding , according to Jim Hurley , chairman of the New Jersey Casino Control Commission . Hurley says Wallace Bart , chief operating officer of Park Place Entertainment has been lobbying among casino executives to stimulate additional airline business . Analyst Lawrence Klatzkin of Jefferies Company remains upbeat about Atlantic City . We believe the market 's significant concerns about the viability of Atlantic City are way overblown , Klatzkin said last week

Of course , the overall picture is mixed . Even as the take was off 11 .5 at Harrah 's in September , Caesar 's and Trump Palace actually recorded small increases says Daniel Heneghan , communications director for the New Jersey Casino Control Commission . The corporate owners of many Atlantic City casinos have much larger investments in Las Vegas . And with cash flow down sharply in Vegas , some companies have put hold on projects underway in Atlantic City (Semple , 2004

There will be no legal rationale to prohibit other tribes from establishing casinos in far away states , and developers will seek casinos for potentially dozens of other tribes throughout the United States and even Canada

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Conclusion

To conclude we can say that in to build an ideal casino a 100 ,000-square-foot 80 million- 90 million retail and entertainment village will be included in the construction of the resort , expected to last an estimated three years . The entertainment property will be created along the main entrance road of the hotel , and be comprised of a 20 ,000-30 ,000-capacity

The divisiveness within the foodservice industry toward casino gambling resurfaced recently when New York Gov . George Pataki signed legislation that paves the way for the Mohawks to build and operate a Las Vegas-style , mega-casino-resort complex in the Catskill Mountains area of the state

To be located some 100 miles northwest of New York City , the Catskill casino - currently estimated to cost between 500 million and 700 million to construct - is expected to put the area back on the map economically

References

Semple...

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