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
- The Financial System and the Level of Interest Rates
- Business ethics (BBDE Health Center)
|
Carolyn C.
Norman, OK
|
|
|
My paper was completed 3 days earlier than I had requested it. It needed no revisions and was much better than I had imagined. Thanks, EssaysEmpire.com! |
||
|
Alexandra Z.
Dallas, TX
|
|
|
I am sitting here reading over what your writing service offers and I just realized that you are the only one that offers free rewrites and full guarantees on your work. This tells me that you are an honest company that I want to do business with. |
||
|
Kris K.
San Francisco, CA
|
|
|
I would like to say thanks to writer #48376 for doing such an astonishing job on my paper. I really gave him very little to go on. Still, he was able to do the research and come up with a champion paper for me. I am speechless. I didn’t expect anything nearly this good. |
||
|
Tommy Davids
Singapore, CH
|
|
| EssaysEmpire.com knows how to do the things that it takes to instill confidence in their customers. They can be counted on every time, to deliver high quality service and high quality writing at prices that we can afford. I would never use any other writing company. “If it ain’t broke, don’t fix it.” It ain’t broke! | ||
|
Emily H.
Norman, OK
|
|
|
My writer revealed to me that when he isn’t working for you, he is teaching at a major university. He also told me that a lot of the other writers who work for you are professors. That is impressive! No wonder I got an A+ on my paper! |
||
|
Glen M.
Oakland, CA
|
|
|
Your writers are awesome! I got an A and two A+’s on the papers that they wrote for me! |
||
|
Marcy V.
Paris, FR
|
|
|
Given the short amount of time I gave your writers to create my term paper, I was amazed by how good it was when I received it back! It appeared they had spent months writing it, rather than just one week. Thank you, EssaysEmpire.com! I enjoyed doing business with you. You are a fabulous writing company. |
||
|
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. |
||
|
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! |
||
|
Kaylie B.
Casper, WY
|
|
|
Thank you, EssaysEmpire.com, for being the one writing service that I can always depend upon. You are reliable, honest and you do great work. I have been happy with every order I have placed with you |
||
|
Katy A.
London, England
|
|
|
Your writers are very good at what they do. I would recommend your service to anyone. It is impressive and it doesn’t cost too much. |
||
|
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. |
||
|
Hillary M.
Santa Cruz, CA
|
|
|
I received 100 points out of a possible 100 for the paper that you wrote for me. |
||
|
Greg C.
Atlanta, GA
|
|
|
Your writing service is phenomenal. I love the fact that EssaysEmpire.com is even open on Christmas day. You never close, and that tells me that you are dedicated to students like me who might need help over the holidays or any time. The work you do is superior to that of other writing services. I’d say that overall, one simply can’t beat EssaysEmpire.com. Thanks for all that you do for students like me. |
||
|
Grace T.
Purcell, OK
|
|
|
Thank you for assuring that only the best writers work for you. It doesn’t matter which writer has been assigned to my projects since I started using your services. Every time I get a paper written, it is perfect. |
||
|
Fred H.
Berkeley, CA
|
|
|
Thank you for doing what you do. You helped a lot of my friends, and now you have helped me. You provide a valuable service to students who need to get over writing hurdles. |
||
|
Glynnis H.
Ft. Smith, AR
|
|
|
Hello! I just had to stop what I was doing to let you know how grateful I am that I found your excellent writing service. I have had to use you three times now, and each time, I have been 100% satisfied with the work that you did. Your writers are absolutely outstanding. I am very, very happy with everything you have written for me. |
||
|
David H.
New York, NY
|
|
|
I want to thank each writer who participated in helping with my large project. I know they spent a lot of energy turning out an admirable product, and I feel good for having hired them to take on this important project. EssaysEmpire.com is reputed as the best writing company on the Internet. Now, I know first hand, that you live up to that reputation. I could not have asked for a better deal. |
||
|
Susan L.
Ashland, OR
|
|
|
The writer who worked on my paper far exceeded what I asked of him. The paper is better than I thought it would be. I got an A+ on it! Thanks! |
||