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Gaming Entertainment Industry: Key Players

The gaming entertainment industry includes casinos, card rooms, charitable games, and lottery games. It has grown significantly as more governments have legalized gaming. The industry pays billions in taxes to state governments each year. Major players in the industry include MGM Resorts, which controls half the Las Vegas Strip, Harrah's Entertainment which is the world's largest casino operator, and Boyd Gaming which has 18 facilities in 6 states. The origins of gambling date back thousands of years to ancient societies like China and Rome, though modern legalized gaming stems from the growth of Las Vegas starting in the 1940s.

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175 views1 page

Gaming Entertainment Industry: Key Players

The gaming entertainment industry includes casinos, card rooms, charitable games, and lottery games. It has grown significantly as more governments have legalized gaming. The industry pays billions in taxes to state governments each year. Major players in the industry include MGM Resorts, which controls half the Las Vegas Strip, Harrah's Entertainment which is the world's largest casino operator, and Boyd Gaming which has 18 facilities in 6 states. The origins of gambling date back thousands of years to ancient societies like China and Rome, though modern legalized gaming stems from the growth of Las Vegas starting in the 1940s.

Uploaded by

Maricel Sanchez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Prof El 6 Sports,Leisure and Recreation

Lec #10

Gaming Entertainment Industry

• The casino industry is one subset of the gaming Size and Scope of Gaming
industry.
• There are a lot of casinos, including: • As public acceptance of legalized gaming has
– Land-based and Riverboat Casinos. grown, state and local governments have
– Card Rooms. permitted gaming entertainment
– Charitable Games. establishments to open.
– Lottery-operated Games. • The gaming entertainment industry pays billions
– Greyhound and Horse Races. of dollars per year in gambling privilege taxes to
state governments.
Definitions – Casino gaming companies pay an
average of 12% of total revenues in
• Handle: Total amount of all bets. taxes.
• Win: The net amount of spending by the
customer. Key Players
• Cruise to nowhere: Gaming and entertainment
onboard the ships are the main attraction. • MGM Mirage Resorts:
– Now controls half of the Las Vegas Strip.
Gaming versus Gambling – Properties include:
• The Bellagio.
• Gaming entertainment: • MGM Grand Las Vegas.
– Casino floor (gambling). • The Mirage.
– High-quality food and beverage. • Treasure Island.
– Hotel rooms. • New York–New York.
– Live performances. • Boardwalk Hotel and Casino
– Theme park, theme rides, and • Plus several others.
museums.
– Land-based and riverboats. • Harrah’s Entertainment:
– Partnered with Caesers Entertainment.
• Gambling: – Now the world’s biggest casino
– Playing a game of risk for chance of operator.
making money. – Operates 40 casinos in 3 countries.
– A $1.5 billion company publicly traded
Historical Review of Gaming on the New York Stock Exchange.

• Today the precise origin of gambling is still • Boyd Gaming:


unknown. – 18 gaming and hotel facilities in 6
• There are Chinese records that date the first states.
official account of the practice as far back as
2300 BC.
• A public gambling house was legalized for the
first time in 1626 in Venice, Italy.
• Romans were also gamblers.
– They placed bets on chariot races,
cockfights, and dice throwing.
• The gaming entertainment business has its
roots in Las Vegas.
• From 1940 to 1976 Las Vegas was a monopoly
for gaming.
• Las Vegas is rich with tales of Bugsy Siegel.
• The gaming industry has exploded from just two
jurisdictions in 1976 to a presence, through
some form of legal gambling, in 48 states.
• Only two states, Hawaii and Utah, do not permit
some form of gambling.

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