answer these questions using this case study

The Casino Gambling Industry in the United States: Expansion and Competition The overall pating industry Commit of cain, pariatul wagering horse racing, dog racing, and ja alai, tribal pamun operations, de Carne paming is the largest part of the overall gaming industry, and the molecole form of the casino cent is the Las Vegas-style properties. Ale included in the segmente riverhouts, card room, ale i now! Although the comic recension over the past few years resulted in less casino semestre industry. 2011 showed a low but seady secovery In 2011. gross gaming revenge amount of money wagered less the winning paid to players totaled 386 bilion-anner of .compared to 2010. Table 61 show broadens of casino gambling TSI CASINO GAMING REVENUE TREND BILLIONS 2002 SPK 2003 5272 2004 SI 12 20051272 2006 51622 2097151752 2008 S16220 2009 $34.25 2010 5340 2011 S3566 The casino gambling industry is highly regulated and is one of file we tased industries in the United Sites Savernments the primary to andre vary by state. The collected through ate and local sex finde program schodocation, infrastructure projects, youth and services, and public safety. At the federal level consequed to comply with replies sociated with financial institutions banks and molending ratione due to the large amount of money that is transferred the casino flow. The 1985 Bank Secrecy Act amendment del casinosto the financial institutice list to prevent money Saundering. The act requires that cases open every deposit, withdrawal exchange of currency, or any other transfer of more than 10.000 Of the 22 states that have approved commercial casino gambling through 2011. 15 hat increase in pross gaming revenues in 2011 and 13 hadisesin gaming tax contribution Entertainment Complexes Commercial casino in Vegas and other cele have died nogaming entertainment componenti. such talepping stripallone and their styles. These coming components provided a way for properties to differentiate from the competition and to boost the bottom line Native American Casinos The Indian Gaming Regulatory Act of 1985 prve Native American tribes the right to negotiate for the development of a paming facility Based on data from the federal regulatory apmcy known as the National Indian Gaming Commission more than 200 of approximately 3 Native American tribes in the United States and operate casino is the nation. The higher le projects are an Mohegan and Mashantoket Pea and in Connecticut The growth of Native American owned aning creates opportunities for other casino companies to provide management VI. Althoughoutdeco own Native American gambling facilities, they are allowed to manage properties under contract. It is expected that the Indian Gaming Restory Act will be extended to cover Internet gambling Industry Structure The US casino gambling industry has become more come over time due to acquisition and Imomal growth. The latest company, ranked by casino saimning, Is Caesars Entertainment Corp. This company was taken private in 2007 Internationally, the industry is growing reagh expansion of US Canine companies Animarket have experienced very large prowth. Mac, which is the only place in China with leplied casino betting had gaming event of 534 in 2011,4% increase from the year before. Because of the less favorable global conditions, prowth is foncta o coed down to 18% in 2012. Other nur such as Tawanan Korea weressiewing casino gaming and properties in Sapore should spend the Asian yang industry Developement plans for the Prime Gambling Zone in Russia. Bar the item part of Vladivoklane potential for expanding Asiasaning industry Seppliers Gaming supply cctmaning device table game key comprent, and support and services to the caringing industry. These are part of global industry, and they design, manufacture, and marked computerinod yaning equipment, yom, and rices. Although a larproffattered the ring industry Internal Technology GT) is the ratio's largest slot machine maker and is one of the leading upplier of gaming products to the world with spende in the med States and operations and arolices in the hair Fair rgies, the curyay metal wastaith 3 titles 2011. It has a strong focus on research and development with 1.500 employees delicated to be imoving centering, hardware, clectrical and the Art of the cei dem the company coaced installere og returiag dat dit operations in Japan The CEO of IGT (Patti Hartl identified as reporte transform the company thread technology to deliver canino games remotely. In January 2012. the company bought Double Down Interactive, which a Facebook poker pune. The applica mimies cationes but is legal because there is the prema obitul chispadocinema. Sambil temet bling is still mostly legal in the United States, mert ming.com pplies to the Industry are preparing for the federal govern to change rep. The other further major gaming equipment manufactwemlik AG in Austria SA Athens, Greece Universal Entertainment Caption Scitie Games Cooperation in New York Internet Gambling In December 2011, the US Espartment of Justice dance pod with the epportunity to begin legalizing online gambling for compare Proponents argue that online pambling will be more of tax clearelmaks padow in June 2012 that would maka Delaware the fineste to legaliseline gambling cluding intemet blackjack poler, and so panies. The Delaware awequres the eye venify that are within Deleted to enlade men Oppenheimering inden des hoteletter ticket Native Amenican India ihes, local culino companies, and this concemed about gambling addiction Globally, the celine gambling wat experienced growth in 2011 with wins of 833 billion. Burge's picofthel was Sie in and Asia Pacific markets fucedim. The homing seadqulod koniec doseged 25.5% of the market soverall alwe. The more frame with my biting line and then having specific restrictions 2010.70 je odwide ed ambition Gree regulations is strict, however, dar to the nature of the Internet, policing of wisdoces done Social Gaming A new business model for gaming equipment manufacturimeve the creatiefcial working tesla tieto Teise Double Deventeractive, described earlier WMS Industrie the nation's condo de muchos manufacturer, create these called Player's Life is more then just a place for site members to chat and share videos, the site is connected to see linked company more chanced seam Members play cale and then the petty to play boss whethey return to the property cases. We are not agressively pursuing WMS machines because they are seen a revene-sharing model. Besides et ang share on the casino ens recocemed that the online gambling become legal in the United States, companies such WMSee banced posting in the celine subling his Transportation Fee many of the larger pabup.com ive by tapecially traveler Athoughfares for travel wity in recent years we offered twee Automobiles are the primary means by which we can. The smaller regional Native American antingepatively affected by the lineet Activists Although many residents of communities les commercial casino eleted support casino gambling many other propedet. Vari chache wheets group and paintech the National Coalition Against Legalized Gambling protest paling bemes it comes with a high social con in the food to that you compleanbhai dichle the Tale of sults and that genting har bilden negative coming the diverting revenge that would be spent at local business. This, in turn, results in increased costs to the state from hakupecialtiere come and the penale. The post de fact thur utham stair pona reas, il pats the power in promined peste Govern now have meeting its citico money Carines have tried to add the commuch like the local companies that wag responsible drinking Mest sport phone numbers Anonymother cier windows and provide literature with informie problem abling indapambling wewed, and my casi will in the gang High Medium Low 1. Rivalry among Existing Firms a). Define the casino gambling industry b). What is its level of concentration? Medium Low 2. Threat of New Entrants a). What are the barriers to entry into this industry? L 17 High Medium Low 3. Bargaining Power of Suppliers a). Who are the suppliers? b) Discuss supplier bargaining power. b) Discuss supplier bargaining power. L L Medium Low 4. Bargaining Power of Buyers *). Who are the buyers? b) Discuss whether the buyers have bargaining power 5. Threat of Substitutes High Medium Low a) What other substitutes limit the sales and profits for firms in this industry? L High Medium Low E & Relative Power of Other Stakeholders *). Who are other major stakeholders? 7 1 High Medium Low 7. Relative Power of Complementos a). Who are the complementor? The Casino Gambling Industry in the United States: Expansion and Competition The overall pating industry Commit of cain, pariatul wagering horse racing, dog racing, and ja alai, tribal pamun operations, de Carne paming is the largest part of the overall gaming industry, and the molecole form of the casino cent is the Las Vegas-style properties. Ale included in the segmente riverhouts, card room, ale i now! Although the comic recension over the past few years resulted in less casino semestre industry. 2011 showed a low but seady secovery In 2011. gross gaming revenge amount of money wagered less the winning paid to players totaled 386 bilion-anner of .compared to 2010. Table 61 show broadens of casino gambling TSI CASINO GAMING REVENUE TREND BILLIONS 2002 SPK 2003 5272 2004 SI 12 20051272 2006 51622 2097151752 2008 S16220 2009 $34.25 2010 5340 2011 S3566 The casino gambling industry is highly regulated and is one of file we tased industries in the United Sites Savernments the primary to andre vary by state. The collected through ate and local sex finde program schodocation, infrastructure projects, youth and services, and public safety. At the federal level consequed to comply with replies sociated with financial institutions banks and molending ratione due to the large amount of money that is transferred the casino flow. The 1985 Bank Secrecy Act amendment del casinosto the financial institutice list to prevent money Saundering. The act requires that cases open every deposit, withdrawal exchange of currency, or any other transfer of more than 10.000 Of the 22 states that have approved commercial casino gambling through 2011. 15 hat increase in pross gaming revenues in 2011 and 13 hadisesin gaming tax contribution Entertainment Complexes Commercial casino in Vegas and other cele have died nogaming entertainment componenti. such talepping stripallone and their styles. These coming components provided a way for properties to differentiate from the competition and to boost the bottom line Native American Casinos The Indian Gaming Regulatory Act of 1985 prve Native American tribes the right to negotiate for the development of a paming facility Based on data from the federal regulatory apmcy known as the National Indian Gaming Commission more than 200 of approximately 3 Native American tribes in the United States and operate casino is the nation. The higher le projects are an Mohegan and Mashantoket Pea and in Connecticut The growth of Native American owned aning creates opportunities for other casino companies to provide management VI. Althoughoutdeco own Native American gambling facilities, they are allowed to manage properties under contract. It is expected that the Indian Gaming Restory Act will be extended to cover Internet gambling Industry Structure The US casino gambling industry has become more come over time due to acquisition and Imomal growth. The latest company, ranked by casino saimning, Is Caesars Entertainment Corp. This company was taken private in 2007 Internationally, the industry is growing reagh expansion of US Canine companies Animarket have experienced very large prowth. Mac, which is the only place in China with leplied casino betting had gaming event of 534 in 2011,4% increase from the year before. Because of the less favorable global conditions, prowth is foncta o coed down to 18% in 2012. Other nur such as Tawanan Korea weressiewing casino gaming and properties in Sapore should spend the Asian yang industry Developement plans for the Prime Gambling Zone in Russia. Bar the item part of Vladivoklane potential for expanding Asiasaning industry Seppliers Gaming supply cctmaning device table game key comprent, and support and services to the caringing industry. These are part of global industry, and they design, manufacture, and marked computerinod yaning equipment, yom, and rices. Although a larproffattered the ring industry Internal Technology GT) is the ratio's largest slot machine maker and is one of the leading upplier of gaming products to the world with spende in the med States and operations and arolices in the hair Fair rgies, the curyay metal wastaith 3 titles 2011. It has a strong focus on research and development with 1.500 employees delicated to be imoving centering, hardware, clectrical and the Art of the cei dem the company coaced installere og returiag dat dit operations in Japan The CEO of IGT (Patti Hartl identified as reporte transform the company thread technology to deliver canino games remotely. In January 2012. the company bought Double Down Interactive, which a Facebook poker pune. The applica mimies cationes but is legal because there is the prema obitul chispadocinema. Sambil temet bling is still mostly legal in the United States, mert ming.com pplies to the Industry are preparing for the federal govern to change rep. The other further major gaming equipment manufactwemlik AG in Austria SA Athens, Greece Universal Entertainment Caption Scitie Games Cooperation in New York Internet Gambling In December 2011, the US Espartment of Justice dance pod with the epportunity to begin legalizing online gambling for compare Proponents argue that online pambling will be more of tax clearelmaks padow in June 2012 that would maka Delaware the fineste to legaliseline gambling cluding intemet blackjack poler, and so panies. The Delaware awequres the eye venify that are within Deleted to enlade men Oppenheimering inden des hoteletter ticket Native Amenican India ihes, local culino companies, and this concemed about gambling addiction Globally, the celine gambling wat experienced growth in 2011 with wins of 833 billion. Burge's picofthel was Sie in and Asia Pacific markets fucedim. The homing seadqulod koniec doseged 25.5% of the market soverall alwe. The more frame with my biting line and then having specific restrictions 2010.70 je odwide ed ambition Gree regulations is strict, however, dar to the nature of the Internet, policing of wisdoces done Social Gaming A new business model for gaming equipment manufacturimeve the creatiefcial working tesla tieto Teise Double Deventeractive, described earlier WMS Industrie the nation's condo de muchos manufacturer, create these called Player's Life is more then just a place for site members to chat and share videos, the site is connected to see linked company more chanced seam Members play cale and then the petty to play boss whethey return to the property cases. We are not agressively pursuing WMS machines because they are seen a revene-sharing model. Besides et ang share on the casino ens recocemed that the online gambling become legal in the United States, companies such WMSee banced posting in the celine subling his Transportation Fee many of the larger pabup.com ive by tapecially traveler Athoughfares for travel wity in recent years we offered twee Automobiles are the primary means by which we can. The smaller regional Native American antingepatively affected by the lineet Activists Although many residents of communities les commercial casino eleted support casino gambling many other propedet. Vari chache wheets group and paintech the National Coalition Against Legalized Gambling protest paling bemes it comes with a high social con in the food to that you compleanbhai dichle the Tale of sults and that genting har bilden negative coming the diverting revenge that would be spent at local business. This, in turn, results in increased costs to the state from hakupecialtiere come and the penale. The post de fact thur utham stair pona reas, il pats the power in promined peste Govern now have meeting its citico money Carines have tried to add the commuch like the local companies that wag responsible drinking Mest sport phone numbers Anonymother cier windows and provide literature with informie problem abling indapambling wewed, and my casi will in the gang High Medium Low 1. Rivalry among Existing Firms a). Define the casino gambling industry b). What is its level of concentration? Medium Low 2. Threat of New Entrants a). What are the barriers to entry into this industry? L 17 High Medium Low 3. Bargaining Power of Suppliers a). Who are the suppliers? b) Discuss supplier bargaining power. b) Discuss supplier bargaining power. L L Medium Low 4. Bargaining Power of Buyers *). Who are the buyers? b) Discuss whether the buyers have bargaining power 5. Threat of Substitutes High Medium Low a) What other substitutes limit the sales and profits for firms in this industry? L High Medium Low E & Relative Power of Other Stakeholders *). Who are other major stakeholders? 7 1 High Medium Low 7. Relative Power of Complementos a). Who are the complementor