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The things required in starting and running a casino help the secondary market surrounding it to grow. Most employers have to get casino operators, which gives opportunities to the people living. Tags Pechanga Resort & Casino Construction Casinos & Gambling. From Business Journals. Temecula: The business traveler's guide.

A casino is a place where people engage in gaming and gambling activities whose results are not known with an aim of making money and other valuables such as gold. This gambling game is by chance and may result in gaining or losing money and other valuables. Most famous casinos around the world are places of extravagant and reckless spending of cash and other valuables. However, they can also be sources of wealth for those who play their cards well.

Largest Casino Markets

Macau

Gambling has been going on in Macau legally since the 1850s, generating more than half of China’s GDP, amounting to over USD $28,379 million. Tourists from across the globe visit the casino majorly because of the introduction of wagering games from the west. Other games include blackjack, Sic Bo, Fan Tan, Keno, baccarat, Greyhound racing, and bouleroulette slot machines with the latest entry being poker. The main companies facilitating casino acts are Las Vegas Sands and Galaxy Entertainment. The monetary unit used is Hong Kong Dollar. A board called the Gaming Inspection and Coordination Bureau regulates the casino industry. A casino should comply with tax requirements and contractual penal codes.

Las Vegas, Nevada

Las Vegas has the highest number of casinos in the US, with over 104 establishments and a turnover of USD $10,300 million. Major activities include slot machines video pokers, online betting, horse racing, and lotteries. There are four regions with high concentration of Casinos namely the Strip, North Vegas, Downtown, and the boulder strip. The largest casino in Les Vegas, Venetian, is built on a 243,684 square ground and holds 2,639 slots and table games. The casinos are regulated by the Nevada State Gaming Control Board and the Nevada Gaming Commission.

Singapore

The main casinos in Singapore, Marina Bay Sands and Resorts World Sentosa, opened their doors to the public in 2010. The casinos offer mostly lottery games including the 4D bets, Toto and Singapore Sweep, sports betting, online gambling, and horse betting. The revenue collected from all the casinos in Singapore is in excess of USD $5,479 million. The Casinos Control Act was passed in 2006 to ensure casinos are operated lawfully. The National Council of problem gambling was also put in places in August 2005 to regulate the casino activities. In 2005, the Prime Minister Lee Hsien Loong approved the building of legitimate casinos.

France

The casino industry in France began in the 17th century and has since grown to include activities such as porker, horse racing, lotteries, land-based gambling, internet gambling, and pool betting. French casinos generate total revenue of over USD 3,957 annually. In 2012, the Security Code was enacted to regulate casinos in the sea, climate resorts, and in marine carriers. Other parastatals regulating the industry are Pari Mutuel Urbain (PMU) which monitors horseracing and Francaise Des Jeux (FDJ) responsible for gaming and lotteries. The Regulatory Authority for Online games (ARJEL) is in charge of internet gambling.

Atlantic City, New Jersey

Established in the early 1800s with only lotteries, the industry has currently incorporated online betting, horse racing, off-track betting, amusement gambling and both the social and charity gambling. The Atlantic City-based casino employs more than 33,000 people with close to 30 million gamblers each year and generates more than USD $3,330 annually. The early laws were enacted in the early 1800s. In 1894, prohibitive laws were passed to make gambling illegal though it was legitimized in 1970 when a New Jersey Lottery was commissioned. A referendum conducted in 1976 passed that casinos should be built in the Atlantic City area only. In January 2011, a bill was passed to embrace online wagering when one attains 21 years.

Casino Controversy

The casino industry contributes greatly to the economy through taxation and also promotes tourism. However, opponents of casino gambling argue that the social and economic consequences of gambling far outweigh the revenue. Casinos are mainly built near hotels and other shopping facilities as a marketing strategy and also to offer those visiting a city a variety of option for their entertainment.

Coordinates: 36°00′41″N115°10′31″W / 36.011426°N 115.1753°W

The South Point Hotel and Casino consists of a 24-story hotel tower, casino and 90,000 square feet (8,400 m²) convention center located on a 60 acres (24 ha) site along Las Vegas Boulevard in Enterprise, Nevada and adjacent to Silverado Ranch. The casino is owned and operated by Michael Gaughan and it serves as the primary sponsor of Gaughan's son Brendan Gaughan's race car.

History[edit]

South Coast (2005-06)[edit]

S Casino Market Symbol

This $500 million project started construction in 2003, under the South Coast name. Based on advance booking, Coast Casinos announced expansion plans to add additional hotel rooms, with a second tower, for a total of 1,350 rooms. The foundation was also poured for a possible third tower during the initial construction phase.

The casino received approval to open from the Nevada Gaming Commission on November 17, 2005. At opening on December 22, 2005, the South Coast was the first megaresort located south of McCarran International Airport and the Las Vegas Strip. The hotel contained 662 rooms and 800,000 square feet (74,000 m²) of space that was not finished and was available to be converted into restaurant or casino space.

South Point (2006-present)[edit]

In mid July 2006, it was announced that Michael Gaughan would sell all of his Boyd stock to Boyd Gaming in exchange for full ownership of the South Coast. The Nevada Gaming Commission approved the sale on October 19, 2006. After the deal closed, the South Coast was renamed South Point on October 24.

On August 24, 2007, the South Point announced an 830-room expansion with construction of the third hotel tower, turning the hotel towers into a 'T'-shaped facility as seen from above. The $95 million expansion, planned for completion in July 2008, would add 10,000 square feet (930 m²) of convention space and 5 food and beverage locations.^[1] The third tower opened on July 21, 2008, with the hotel now offering a total of 2,163 rooms and 160,000 square feet (15,000 m²) of meeting and convention space; the largest of any hotel in Las Vegas that is not on the Strip.^{[citation needed]} An expansion opened in July 2010, and included the new Grandview Lounge,^[2] named after the adjacent Grandview resorttimeshare property.^[3]

The studios for the Vegas Stats & Information Network are based at South Point.

Television history[edit]

• During 2006, the South Point was the venue of NBC's Poker After Dark, ESPN's Pro-Am Poker Equalizer and the third and fourth season of GSN's High Stakes Poker.
• The South Point was the host site for the Jerry Lewis MDA Telethon from 2006 through 2011. The 2011 show was the first MDA Telethon without Jerry Lewis.
• The South Point Bowling Center, adjacent to the casino, was the site for the 2014 PBA 'World Series of Bowling,' and was featured in six ESPN telecasts during the 2014-15 PBA season.^[4]
• In 2012, the Travel Channel featured a show titled Vegas Stripped that examined behind-the-scenes operations and management of South Point.^[5]
• Was featured in the Netflix series Real Rob

Attractions[edit]

• 4,400 seat equestrian arena with a 125 by 250 feet (38 by 76 m) arena with accommodations for 1,200 horses. At opening, it was the only equestrian arena connected to a hotel in the United States. The stalls are also air conditioned.
• 400 seat showroom
• 300 seat race and sports book
• 160,000 square feet (15,000 m²) of meeting, banquet, and exhibit hall space
• A 16 screen movie theatre complex
• A 64 lane bowling center with pro shop and snack bar. A second 60 lane bowling plaza was added to the back of the South Point property to the tune of $30 million to host events like the PBA World Series of Bowling and the United States Bowling Congress (USBC) annual National Championships.^[6] The first USBC event to be held at South Point will be the 2016 USBC Women's Championships ^[7] The USBC Open Championships will be held at South Point the following season in 2017.^[8]
• 11 restaurants
• Michael's

References[edit]

List Of Casino Stock Symbols

1. ^Knightly, Arnold M. (2007-08-24). 'South Point starts project to expand'. Retrieved 2008-07-22.
2. ^'South Point Expansion'. Las Vegas Sun. July 16, 2010. Retrieved August 3, 2016.
3. ^Katsilometes, John (January 11, 2010). 'Gaughan plans for new Grandview Lounge at South Point; mopping up at AVN Awards'. Las Vegas Sun. Retrieved August 3, 2016.
4. ^'TV Schedule'.
5. ^http://www.travelchannel.com/video/vegas-stripped Vegas Stripped homepage
6. ^'Las Vegas News Breaking News & Headlines'.
7. ^http://www.bowl.com/Womens_Championships/Womens_Championship_Home/Information/
8. ^http://www.bowl.com/Open_Championships/Open_Championships_Home/Information/

Sources[edit]

External links[edit]

S Casino Market Symbol Lookup