The Global Casino Industry in 2019

Learning Goal: I’m working on a accounting case study and need support to help me learn.

Case Synopsis

For well over fifty years the casino business has been on a roll, on its way to becoming a $150 billion-a-year global industry. For much of that period, the United States has been leading the charge, accounting for nearly half the global gambling revenues as recently as 2010. Most of these revenues have come from Las Vegas and Atlantic City, magnets for gamblers from around the world. However, Las Vegas and Atlantic City have had to deal with increased competition from other locales. Revenues in other parts of the United States, from waterfront casinos in over a dozen states and Native American gambling locations, have exceeded those generated in Las Vegas and Atlantic City. More recently, the dominance of Las Vegas and Atlantic City in the global market had been challenged by overseas casino development in places like Macau, Singapore, Australia, South Korea, Malaysia, and the Philippines. Other sites in Asia, such as Japan, Vietnam, Taiwan, and Sri Lanka, were in development as well.

U.S. casino operators were expanding to open facilities in Asia or engage in mergers and acquisitions in an attempt to cash in on this local business, but would it be enough to return significant revenue to U.S. firms? Casinos were also eager to embrace new types of gaming experiences that would attract Millennials who grew up playing video and mobile phone games. Was there enough demand to go around?

Directions:

Read the case in your text (Case 2) and respond to the following question, be prepared to participate in class.

Note on grading: Part of the grade will be class participation.

Case Questions:

  1. Examine the structure of the casino industry. What has been the effect of the changing industry structure on U.S. casinos?
  2. Conduct a porter’s five forces analysis, what is the biggest threat/opportunity?
  1. VALUE Rubric Critical Thinking (1)
    Criteria Ratings Pts
    This criterion is linked to a Learning OutcomeCT-Explanation of issues
    4 ptsIssue/ problem to be considered critically is stated clearly and described comprehensively, delivering all relevant information necessary for full understanding. 3 ptsIssue/ problem to be considered critically is stated, described, and clarified so that understanding is not seriously impeded by omissions. 2 ptsIssue/ problem to be considered critically is stated but description leaves some terms undefined, ambiguities unexplored, boundaries undetermined, and/ or backgrounds unknown. 1 ptsIssue/ problem to be considered critically is stated without clarification or description.
    4 pts
    This criterion is linked to a Learning OutcomeCT-Evidence Selecting and using information to investigate a point of view or conclusion
    4 ptsInformation is taken from source(s) with enough interpretation/ evaluation to develop a comprehensive analysis or synthesis. Viewpoints of experts are questioned thoroughly. 3 ptsInformation is taken from source(s) with enough interpretation/ evaluation to develop a coherent analysis or synthesis. Viewpoints of experts are subject to questioning. 2 ptsInformation is taken from source(s) with some interpretation/ evaluation, but not enough to develop a coherent analysis or synthesis. Viewpoints of experts are taken as mostly fact, with little questioning. 1 ptsInformation is taken from source(s) without any interpretation/ evaluation. Viewpoints of experts are taken as fact, without question.
    4 pts
    This criterion is linked to a Learning OutcomeCT- Influence of context and assumptions
    4 ptsThoroughly (systematically and methodically) analyzes own and others’ assumptions and carefully evaluates the relevance of contexts when presenting a position. 3 ptsIdentifies own and others’ assumptions and several relevant contexts when presenting a position. 2 ptsQuestions some assumptions. Identifies several relevant contexts when presenting a position. May be more aware of others’ assumptions than one’s own (or vice versa). 1 ptsShows an emerging awareness of present assumptions (sometimes labels assertions as assumptions). Begins to identify some contexts when presenting a position.
    4 pts
    This criterion is linked to a Learning OutcomeCT-Student’s position (perspective, thesis/hypothesis)
    4 ptsSpecific position (perspective, thesis/ hypothesis) is imaginative, taking into account the complexities of an issue. Limits of position (perspective, thesis/ hypothesis) are acknowledged. Others’ points of view are synthesized within position (perspective, thesis/ hypothesis). 3 ptsSpecific position (perspective, thesis/ hypothesis) takes into account the complexities of an issue. Others’ points of view are acknowledged within position (perspective, thesis/ hypothesis). 2 ptsSpecific position (perspective, thesis/ hypothesis) acknowledges different sides of an issue. 1 ptsSpecific position (perspective, thesis/ hypothesis) is stated, but is simplistic and obvious.
    4 pts
    This criterion is linked to a Learning OutcomeCT-Conclusions and related outcomes (implications and consequences)
    4 ptsConclusions and related outcomes (consequences and implications) are logical and reflect student’s informed evaluation and ability to place evidence and perspectives discussed in priority order. 3 ptsConclusion is logically tied to a range of information, including opposing viewpoints; related outcomes (consequences and implications) are identified clearly. 2 ptsConclusion is logically tied to information (because information is chosen to fit the desired conclusion); some related outcomes (consequences and implications) are identified clearly. 1 ptsConclusion is inconsistently tied to some of the information discussed; related outcomes (consequences and implications) are oversimplified.
    4 pts
    This criterion is linked to a Learning OutcomeCritical Thinking 17-16 equals Above Average 15-14 equals Meets Expectations13- below Does Not Meet Expectations
    20 ptsMastery 20-18 17 ptsAbove Average 17-16 15 ptsMeets Expectations 15-14 13 ptsDoes Not Meet Expectations 13- Below
    20 pts
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