help please

OBJECTIVE This session will be the forces of competition and mine what elects these forces have a competitors ability to como profits. The features a probe of the casino gaming industry that lets you see the forces A VI try is defined as the group of competitors that product similar Mesto example, the lodging industry Commits of hore and mother competente with one another to provide accomodation for travelers away from home The automobile industry Cons of competit chat matter and market an, trucks, and other kinds of wides to traport people, peperty, and Management understand the nature of competition within third so that they can idently opportunities and the facing the company. From this analys they judge the potential in the industry for abovenormal profitability and whimsey forces. The model for analyzing an industry costs of five forces of competition developed by Michael Porten 1. Industry Competitio-ivalry Amning Esisting Fim. When companies in the same industry compete they often use tactics such as price competition, new product introduction, and advertising and campaign. The interity of the competition depends on factors such as the number of competitors, rate of industry amount of fixed.com.prodoctor vicharacters, their capacity and the diversity of all 2. Threat of New Erant. New entrano companies that are not compro the competitive group may be looking for an opportunity to her the industry. How much of a threat they pose depends on the best entry present and the rain from existing competiton Barriers to estry include economies of scale, prode differentiation, capital requirements, cost disadvantages independent of the to dibution channels, and government policy 3. Bargaining Power of Suppliers. Supplies to an industry those who supply materials and service required by firm in the industry Supplies can the profitability of an industry if they are able to main prices or reduce the quality of purchased foods or Forces affecting supplier barn power include the whiccher the industry competitor has the perilo integrating and to produce the supplier's product, the cost to change suppliers, and whether the industry importants of the supplier 38 Sent for Com 4. Hargaining Power of Buy Buyers are alche but they can also include wholesale and retailers wobeing consumer Boyers are industry by being able to force de poche for more scries, or play competitors cach other. Typicatamala cueil by have a power when they purchase a large when the cons of switching from one industry player to another buyees tend to be more poceive when they purchase and addicts or when the products are expensive relative to the 5. Threat of Substitute Products and Services. Sami produse pred by competitors in a different industry bor.com door to satisfying the same med. For example, renting videos of DVD is for the wine is a substitute for beer, and so on. The threat of some became their Exence places a ceiling on pics the industry can change is gettich contumers will wach to the subtitute, unless the industry prales its product, thus making the subtitute appealing and the tough civic Thakut decline and concern about unemployment affected coumet de me encontre este from Conferences and convenient to the economy Native American Casinos The Native American Gaming Hey 1988 Native American be the nicht eine for the develocity dates the federal regulatory my knows the National dan Gaming Commission, more than 200 of approximately 550 Native Amecam tribes the United States own and/or operate caninos in the nation. The highest volopes are on Mobetan Mahantucket Tegoland Connecticut The growth of Native American create opportunities for other casino companies to provide management. Although tidees cannot own Native American aming facilities, the properties under contract Variation in Casinos In the United States, individuales have the power to grant wcwno gambling for and to regulate the industry. The statement, there is considerable variation in the appearance.com ww.cainen. Inom poret have developed in ages Abouting dickly Asoycarend 2007 about 81 water based casino pelowa, Il Mio Louisiana Missouri and Indians. After Hur slation was pain. Mississippi allowing is to be placed up of land romligh-ponde If the verbost operations face and it mancing able company can enlarge imbing pace and related archas boter Fing ways to differentiatecisan portant comme danas porticularly in casino floors with lot machines and table come look like. The Las Vegas Seriespecial themes and attractions to create, such as ancient opta pate ship and castle Companies such as Hahnement de coping strong and among comes my ways and major population center is an advantage for at Alus some comme gespecie groups of cute Boyd Games of Hawanandoperates six weekly charter fra Hollolas Vegas Abandoned Projects Up until bary 2008, low interesate values and solchow attracted many pay deals in the show, the credit ranch multed in Harrah cancellation of a 21h them. In Las Vegas, fordiosure proceedings on the Compota This propeladenmuted traction Cons of 52 billion and ended up with 559 Wm. Developments that need iional tunding soch as the Las Vegas Sande pouda Sapone, ma be puto hold Internet Gambling The Unlawful Internet Gambling Forcement Act of 2006 (UEA) was meant to force hanks to block payments to gain that the Federal Rene and the Treasury Department recomencing and blocking Internet mhling As of April 2008, director of the Division of Reserve Bank Operations and Payment System that incent years, and send money transmitting initiated that make fun for gaming on the lens more difficult. However, some misluve.com about their role in determining which tras vould be blocked in the The American Asociation complained that the law pushes banks to the policing illegal activities The European Union is launching cation of whether the low violates meranonade rules. The decisionered that the could he selectively enforcing the law comes Altheagh Fancial Services bline. Unde mbili I will occa permit Carey app which would the SIS.2008. Topit Industry Structure The game ini med and Toby wine tam, wat in 2007 One Wheel bi Mate Chee The Maces condotto del in the need the The wind Como Grace misura mutinta intin Wyan Ron, MGM in Ve Sandwide Suppliers Todhaalum The cyther ile made the machine Shepherd the example, in 2005 GT der er mind provider of the mostly in 147, Hong Y How vi H v HH Allview h th a li ti rnh. Alicia Jorvert mace. This will places Transportation www.pl a nehovory in 2017, wale Anbike part white to nie leerder Activists Ahmed is where come spent ca muydu groupes chance and the Nation Calendar Live Game old me becenes wat builder They are the deceable habilidades com Which We would be the des from mwa Veronic Chemic de Mar Native American Casinos The main www 6 41 Dashboard Calendar To Do Notifications Inbox Exercise Intensity of Competition in the Casino Gambling Industry The Casino Gambling Industry in the United States Expansion and Competition Industry Structure Dashboard Calendar To Do Notifications Inbox After reading the case on US Casino Gambling Industry - please type in your answers of around 200 words for each of the 5 questions listed belove. PLEASE HAVE THE QUESTION ON THE TOP AND LET YOUR ANSWER FLOW FROM THAT - AND COMPLETE YOUR ANSWERS FOR THE CASE IN NOT MORE THAN 2 PAGES SINGLE SPACE! 1. Who are the buyers in the Casino Gambling Industry? What do they buy? What do you think about the bargaining power of these buyers? High/MediumLow? (Choose one) 2. Who are the suppliers in the Casino Gambling Industry? What do they supply? What do you think about the bargaining power of these suppliers? High/Medium Low? (Choose one) 3. Which new firms might want to enter the Casino Gambling Industry? What are the barriers to entry into this industry? What is the level of threat of new entrants? High/Medium/Low? (Choose one) 4. Identify some substitutes for the Casino Gambling Industry? What do they substitute? What do you think about the level of threat they pose to the sales and profits of bargaining power of these buyers? High/Medium/Low? (Choose one) 5. Define the casino gambling industry. Who are the main players (or existing firms)? What is the level of intensity of competition - High/Medium Low? (Choose one) 41 04 A