Casino Gambling

casino gambling

2008 Introduction

Hospitality industry is one segment in business that grows fast within the past decades . The advancement in particular technology such as customer relationship management (CRM ) applications , computer technology , and other supporting tools have provided unquestioned benefits for a company

In addition to the benefits , some business in the hospitality industry also raises some ethical issue due to the negative impact the business may have to the society . Gambling , for example , is one industry that becomes a fair contributor to a U .S . income from tax including

the accommodation for the gamblers and tourists . In Las Vegas , Nevada , the condition is more significant since there are more than 300 hundreds casinos in the city (Casino City Network , 2008

Moreover , according McNeil (2005 , there ethical issues of presenting a casino in a city . In Ohio , for example , McNeill (2005 ) analyzes if the casino gaming becomes available in Ohio there should be interstate compact for gaming states that involves Ohio . However , the justification was not so easy since almost all Ohio 's highest office holders oppose to casino gambling

Like the growing number of gambling , the voters in the state also vote 52 to support the casino gaming in the state , especially when they knew revenue generated by casinos could be used for tax relief , education etc

Concerning the gambling industry , this will discuss about the influence of economy to the growth of the industry including the shifts and price elasticity of supply and demand and wage inequalities . At the end , this will conclude the final view regarding economy influence on the success of gambling and casino industry and the economic threat to the development of the industry

Aims and Objectives

This intends to discuss the gambling industry in the U .S including the development and challenge

Using the non-participant observation method , collecting data and analyzing qualitative information from journal , books , magazine and other online materials , this is to conduct analysis on the influence of U .S . economy performance to the growth of gambling and casino industry

In addition , the aims at describing the economic influences that can affect the industry in a negative way

Gambling Industry in the U .S

Historically , gambling occurred since thousand years ago . During the period , gambling was often associated with fun and sometimes connected to several criminal actions due to the impact it causes to a society

Moreover , during the Puritan colonies , cards , dices and gaming tables was first come into existence . However , gambling in these colonies were games for recreation of the innocent . Along with singing and dancing gambling was still far away from the professional-profit taking activities or the image of addictive behavior (`History of Gambling

The development of gambling industry gets intense when the U .S experienced great depression . At that time , the poor economic condition led people to another change of mood regarding gambling regulations Legalized gambling was once again perceived as a way to stimulate the economy and raised morale . In some states...