Management: Casinos
| ← The Financial System and the Level of Interest Rates | 5 Reasons Why Businesses Fail → |
Recent decades saw a rapid growth of casino industry both in the United States and over the world. There are several reasons for such expansion related to social, economic, technological, and political factors. This paper reviews these reasons in detail to understand the growing popularity of gambling services in the modern world.
Social impact on the casinos’ expansion is the most notable in the United States and other developed countries where people’s morale has changed in past decades. Along with the development of internet, people obtained more free views than ever before. Besides, because of high costs, casinos are often popularized as elite entertainment places. Therefore, the industry switched from immoral time spending to luxury relaxation in modern society.
From the economic side, positive effect includes the increased disposable income of population. Respectively, people who have more money to spend can allow themselves to expand the consumption of entertainment services. Moreover, with the increasing competition, the proportion of money spent on food and other primary needs decreases as prices in these industries are restrained by the fear to lose the market. On the opposite, casino industry is not oversaturated by competing organizations and still has a very strong potential for generating exceptional revenues from increased prices.
Improved infrastructure across states and cities also contributed to the expansion of casinos. Being one of the most important decisive factors of development, better physical access to entertainment facilities critically influenced their potential to develop. Now, more perspective and attractive locations for casinos are available as cities grow and new roads are being constructed.
At the same time, technologies provide additional opportunities for gambling industry. The existing casinos widely use and obtain notable benefits from new technologies. They allow them to extend the gambling opportunities, install new equipment for games, and even improve security in buildings. All this attracts more clients to this type of entertainment and decreases risks at the organizational level.
Another impulse in the industry’s expansion occurred with the wide spread of internet technologies. Today, the number of online casinos is rising rapidly every year. They not only complement old-fashioned physical casinos, but also pose a serious competition threat for them. Online casinos enhance popularity of the industry as people do not have to spend additional time for moving to the casino facility and can play from home any time. Moreover, they provide anonymity for those living in the societies in developing and some developed countries with unchanged attitude to this entertainment type and allow people to gamble without unwanted publicity.
Finally, casinos obtained support from most governments. The reason is that they provide a significant portion of taxes to local, state, and federal budgets. With growing revenues and increasing tax rates on their luxury revenues, casinos are readily allowed by governments to exist. Thus, more licenses are issued by supportive authorities to new organizations in the industry while the existing ones now enjoy less control from them than earlier.
To conclude, casinos became more popular in the past decades as people’s attitude towards this type of entertainment changed; governments, in their turn, started supporting their existence and potential clients earn now more disposable income available for luxury relaxation. Also, the development of modern technologies still continues playing an important role in further expansion of the industry in our lives.
Order business essays from our highly proficient essay writers !
- 5 Reasons Why Businesses Fail
- Business and Economics
- The Financial System and the Level of Interest Rates
- Business ethics (BBDE Health Center)
|
Thomas C.
Louisville, KY
|
|
|
I loved the paper that your writers helped me with. They wrote from a very interesting perspective that I had never even considered. My teacher was happy with the work, and so was I. Thank you very much. |
||
|
Millie P.
Jackson, WY
|
|
|
Thanks goes out to the writer who filled my order. He did everything right the first time around. I had to ask for one tiny revision, but that was my own fault for leaving it out of the directions. |
||
|
Philipa W.
Rome, ITALY
|
|
|
The paper that your writers did for me on the topic of, The Psychological Effects of Fluorescent Lighting in the Workplace,” was right on the money! They included my long list of customizations and did not charge extra for them. The formatting was just right. There were no grammatical errors. The length was what it was supposed to be. I am so happy that I chose to let the EssaysEmpire.com writers take care of my paper for me. I will choose this writing service again without hesitation. |
||
|
Royce E.
Dallas, TX
|
|
|
I first approached EssaysEmpire.com with skepticism. However, now, I have none. I am convinced that you are probably the best writing service on the Internet. Plus, you don’t overcharge, as so many writing services do. Thank you for the quality writing at affordable prices. You offer such a valuable service to students such as me. |
||
|
Mike G.
Rochester, NY
|
|
|
Your writing service is different from other writing services. Yours is the only one I have ever dealt with that I can truthfully say is legitimate. The staff is very professional. The writers are the best in the business. I am pleased with the results of my last three orders and plan to return for more soon. |
||
|
George Sparlin
Nashville, TN
|
|
| You guys are fabulous to offer such amazing guarantees for your work. I hired you for my last two papers because there was no risk involved. That was a pretty attractive option, if you ask me. Of course, I didn’t have to cash in on any kind of guarantee, because the work was perfect! Go figure. Thank you, EssaysEmpire.com. | ||
|
Langley R.
Los Angeles, CA
|
|
|
One of the things that I appreciate most about EssaysEmpire.com, is that they don’t resell your paper. Only you own it, if you hire them to write something. Other writing services that I have used, just circulate the same paper over and over, and if you get caught turning one in, too bad. You are expelled. EssaysEmpire.com will even give you a plagiarism report after they run it through their anti-plagiarism check. Such details set EssaysEmpire.com above the rest. |
||
|
Doreen A.
Malibu, CA
|
|
|
Due to a family emergency, I was unable to complete a very important paper. Thanks to EssaysEmpire.com, I was able to hand in a well written paper and not sacrifice my grade. I will be forever grateful to your writing service for providing such outstanding work. Thank you so much. |
||
|
Pete F.
Sparta, NJ
|
|
|
Dear EssaysEmpire.com, I have never used a writing service like yours before. None of the ones I have tried previously offered the kind of guarantees that you offer. I even bought a paper that was plagiarized once. I never have to worry about things like that with EssaysEmpire.com! Thanks a million! |
||
|
Ramona R.
Sparks, NV
|
|
|
Thank you for doing such stellar work on my paper. How anyone could write a paper this well on a subject this boring, is beyond me. When I tried to write it myself, I thought it would have put my professor to sleep! Your writers made it sound so interesting! I really appreciate that. Thanks a million! |
||
|
Sarah M.
Portland, OR
|
|
|
Today was the perfect day to make an A+! It convinced me that there are solutions to problems that seem impossible to solve. When I realized that the due date for my paper was coming up quickly, I felt like there was nothing I could do. If I didn’t hand in my paper on time, I would get an F and fail the course. However, I had to study for 3 major exams and write two other papers. My roommate suggested that I turn the paper over to you guys, which I did, and voila! I got an A+ on it and the problem was solved. Thank you, EssaysEmpire.com and to your writers and staff. You are a great writing service. |
||
|
Enrico V.
San Diego, CA
|
|
|
I was really happy about the speedy turn around time for my paper. It is rare to find a writing service that can write things so quickly without taking away from their quality. Hats off to EssaysEmpire.com! |
||
|
Tricia A.
Calabasas, CA
|
|
|
Thanks for everything. I like your writing service a lot. Your staff is friendly and they’re always open. The papers that you’ve written for me have been very good. |
||
|
Sharon Q.
Lexington, OK
|
|
|
Working with your writers is always such a pleasure. Thanks again. |
||
|
Brianne H.
Tampa, FL
|
|
|
The paper that I purchased from EssaysEmpire.com was well written. Thank you. I will have another order for you soon. Since I was so happy with the way things went, I see no reason to use any other writing service. Your service delivers the goods, just like you say you will. |
||
|
Benjamin P.
Beaumont, TX
|
|
|
Thank you for your diligence! Your writers got it right down to the last word! I appreciate how closely they paid attention. |
||
|
Della M.
Belfast, IR
|
|
|
I had to turn on my laptop for the express purpose of writing to you. I had to let you know what lifesavers you people are! I had never even considered hiring a professional writer to help me and was almost resigned to dropping out of school altogether. Then, I thought about it, and asked myself what it would hurt to try EssaysEmpire.com for just one paper. That paper was written astonishingly well! From that one paper, I learned many of the things that I did not know about writing. It was perfect, so I learned all about formatting in the APA style. I learned a lot, so I want to thank you for that. |
||
|
Mark M.
Cambridge, MA
|
|
|
The paper I ordered from EssaysEmpire.com is incomparable! Thanks for doing such stellar work. I have recommended your services to a few other folks who plan to try you out soon. EssaysEmpire.com gets my vote for best writing service every time. |
||
|
Mary R.
New York
|
|
|
Writer #48376 was very easy to work with. My professor made some changes to his requirements after he had assigned the paper. All I had to do was call your customer service and request to speak with the writer directly. Was able to relay the changes that my professor wanted, and he (writer #48376) accommodated them with no problem. I thought that was great. No headaches and perfect work. I couldn’t ask for a better experience! |
||
|
Cleo P.
Oakland, CA
|
|
|
I submitted my order as a ‘rush order’. I only had 2 days to get my paper finished and I just felt like I was sinking. I didn’t understand the material I was writing about, and I didn’t know what I was going to do. My friend recommended EssaysEmpire.com. I had very little lost by attempting to use this writing service, so I did. It was an excellent move on my part, because, not only was my paper finished on time. It was also excellently written. I will always be grateful to my friend for recommending your service. It is wonderful. |
||