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)
![]() |
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. |
![]() |
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. |
![]() |
Grace G.
London, UK
|
|
I was quite satisfied with the results of my paper order. EssaysEmpire.com sure has some good writers! I thought it might just be some college kids who were writing in their spare time to earn some extra bucks. No! EssaysEmpire.com hires legitimate writers. They all seem to be well educated and intelligent, too. My paper was terrific! |
![]() |
Marcus H.
Eugene, OR
|
|
You’ve done it again! Every time I order a paper from EssaysEmpire.com, you top the last one. This latest one was the best yet. I truly do appreciate the fact that you offer such high quality writing. It never fails. With some of the other writing services online, you ever really know what you are going to get. Sometimes, they just sell you a paper that someone else has already bought. I never have to worry about things like that happening when I use EssaysEmpire.com. |
![]() |
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! |
![]() |
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. |
![]() |
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. |
![]() |
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. |
![]() |
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! |
![]() |
Louise O.
Oakland, CA.
|
|
The A+ that I got on the paper that I ordered from you, helped boost my grade up an entire letter grade! Thanks, EssaysEmpire.com! |
![]() |
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. |
![]() |
Tom J.
Jackson, MI
|
|
Many thanks to your writers and customer service representatives for helping me get through a very difficult time in my college career. I needed writing assistance and your crew came through for me, big time! My papers were written impeccably. Thanks so much! |
![]() |
Phil E.
South Hadley, MA
|
|
So often, when one deals with customer service, he or she is treated rudely. That was not the case with EssaysEmpire.com. The agents were helpful and friendly, knowledable and concerned. I, for one, was astounded with their competence. When it came down to the actual written material that I ordered, it was much better than I had anticipated. There are clearly some expert writers who work for EssaysEmpire.com. I would rate this writing service as exceptional, 5 stars out of 5 stars. I will happily return when I need help with another written work. |
![]() |
Nancy B.
Lawrence, KS
|
|
I accidentally read the wrong chapters for my history assignment. Therefore, when it came down to the wire and I needed to hand in my history paper, I had to reach out for help very quickly. Your writers were able to put something together for me so fast! I couldn’t believe it! I handed the paper in and got a very high score on it. I was stunned! Thank you so much for your help! |
![]() |
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. |
![]() |
Gaia W.
Lexington, OK
|
|
EssaysEmpire.com gets an A+ for being the best writing service a student could ever ask for! Thank you for your continued high quality work, guys. I have purchased 6 papers from you over the last two years and they have been exquisite in their workmanship and content. I really appreciate how hard you guys work to please your customers. I’m not surprised that you are reported to be the best writing company online or off. To me, you are exactly that. |
![]() |
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. |
![]() |
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. |
![]() |
Hannah B.
Tulsa, OK
|
|
I am happy. I am happy because I got an A+ on my research paper. I did this by hiring the professional writers at EssaysEmpire.com to write it for me. It was everything I had hoped it would be. Thanks, EssaysEmpire.com! |
![]() |
Sylvia S.
Ardmore, OK
|
|
Dear EssaysEmpire.com, Over the last couple of years, I have used your writing service for a total of five times. I have never had the same writer twice, but I have had excellent results with the writers who were assigned to my projects. I could easily recommend you guys. You’re the greatest! |