gaming final
In what game are consecutive hands are mathematically dependent; it is a game of pure chance
blackjack
What gambling game allows you, in some situations, to buy "insurance"?
blackjack
What is the most popular and largest revenue generating casino table game
blackjack
Act stablishes procedures for shipping and manufacturing gaming equipment throughout the US
(IGRA)- 1988 to balance between tribal sovereignty and the interest between state governments
What was the second trend of American culture that influenced the development of gaming and casino
(low tech- high tech)
When splitting Aces, how many cards are you allowed to take for each Ace?
1 card
In the game of Blackjack, how much is an Ace worth?
1 or 11
The four stages of the decision-making process
1. Problem recognition 2. Information search 3. Decision making 4. Post purchase evaluation
The Bank Secrecy Act
1970 to fight money laundering and other crimes involving currency
What does one number straight up in 'Roulette' pay?
35 to 1
In Craps, what two numbers are called 'natural'?
7 or 11
What percentage of adults agrees that going to a casino is an acceptable form of entertainment for themselves and for others?
80%
According to basic blackjack strategy, which of card should you always split?
Aces and 8's
The Gambling Devices
Act stablishes procedures for shipping and manufacturing gaming equipment throughout the US
In most poker games each player puts an equal amount of money in the pot before the cards are dealt. What is the name for this opening bet?
Ante
Considered the "Slum By The Sea"
Atlantic City
In what city were bus programs to bring people to casinos first started?
Atlantic City
Which casino game has declined the most in the past two years in Nevada through July 2016?
Baccarat
The "why" of consumer behavior in casino management
Based on economics, sociology, psychology, nature of work and play
Casino Games that incorporate an element of skill
Casino Games that incorporate an element of skill
IGRA Classes of Gaming
Class I: Traditional Tribal games. Class II: Bingo, regulated by tribe and federal indian gaming commission. Class III: Casino gaming.
What is a "whale" in casino terminology?
Consistently wagers large amounts of money
The "how" of consumer behavior in casino management
External and internal forces a person can not control
Class III Gaming is synonymous with tribal-style gaming.
FALSE Class III gaming is synonymous with Las Vegas- style house- backed. Class III gaming includes all types of gaming that are neither Class I or II. Must occur only in state that permits that type of gaming.
Slot machines that have an increasing 'jackpot' along with fixed payoffs are called what?
Fixed jackpot
What is the third trend of American culture that influenced the development of gaming and casinos.
Focus on the individual ( focus on masses)
Which states have no form of legal Gambling?
Hawaii and Utah
What was Howard Hughes' influence in Las Vegas
Hughes bought Desert inn from Cleveland Mobster. Was a successful businessman helped legitimize the industry and took it into an era of business.
In 2000, which state had the highest corporate tax rate (35% on adjusted gross receipts of more than $100 million annually)?
Illinois
Which state collects the most money overall from gambling to fund its government?
Illinois
The "where" of consumer behavior in casino management
Las vegas and Atlantic city
examples of Player's Club Reward Programs
M life rewards Wynn Red Cards
Which Asian city is known as "the Monte Carlo of the Orient" due to its large casinos such as the Venetian and the Lisboa?
Macau
Foxwoods Casino was the largest in the USA when it opened in 1992. But it's not in Las Vegas, Atlantic City or even Reno. Where is it located
Mashantucket, CT
Outside of Nevada, what state has the most casino gambling?
New Jersey
Which Las Vegas hotel features a functioning roller coaster?
New York- New York
The "who" of consumer behavior in casino management
Recreational gamblers, occupational gamblers, compulsive gamblers
The background of the numbers on a roulette wheel are in three different colors. What are they?
Red, black, green
Casino Games of Pure Chance
Roulette, craps, bacaraat, keno, the big six, slot machines
What is the far and away the most important source of revenue for casinos.
Slot machines
Consumer behavior
Study of why, who, what, where and how people make purchase decisions
The MOST visible problems associated with gambling is
Th MOST visible problems associated with gambling is crime
the major reasons for allowing casinos into a jurisdiction is
The direct economic impact of jobs
The tallest observation tower in the United States is a part of which Las Vegas hotel/casino?
The stratosphere
In Mississippi, the additional tax revenues that come from casinos have made a major impact on the resource base of local communities. These revenues contribute resources for what?
They go to education, healthcare, housing and additional services.
Reasons behind legalization of riverboats?
They were legalized to produce revenue. Created a rapidly increasing competitive environment for competent employees and customers.
The reason for the unique level of regulation in the casino industry
To manage and enforce policies
Studies show that after the opening of casinos, the Oneida nation saw a ______ in its assisted welfare program
__reduction______
Gambling definition and Characteristics
anything involving risk
External Forces
can not be controlled by casino but have an effect ( politics & economy)
In the game of Craps, what is the name of the first roll of the dice?
come out roll
Indirect employment
construction workers
What is the name of the game where people are betting on the outcome of roll of dice.
craps
Direct employment
dealers, cashiers
As the number of Native American casinos increased in New Mexico, what happened to the taxable gross receipts in New Mexico
decreased
Multiplier Effects
direct and indirect spending
What is Responsible Gambling
done by person who is aware of the risk
What does the American Gaming Association do
educate
Originally, it was thought that slots would be perfect to do what?
entertain women
What are DraftKings and FanDuel
esports websites
Leakage
exported outside economy
In a game of Craps what are "boxcars"?
getting a 6 on each dice
Gambling privilege taxes
government sometimes seek to capture abnormal profits by the means of special tax on gambling
In Roulette, each numbered slot is either black or red, with the exception of the "0" and "00" slots. What color are they?
green
What is included in the "code of conduct" developed by the American Gaming Association?
guidelines to encourage gaming
Internal Forces
happens inside casino ( location)
What was the first trend of American culture that influenced the development of gaming and casinos
horse racing
Permissivists
in the democratic jurisdictions that consider how much casino gambling the law should permit with additional regulations
Commercial casino operations categories:
land based, riverboat, native American
According to the book, The city with the fastest growing population in the United States is
las vegas
House definition and Characteristics
legal place to gamble
Sovereignty
native American tribes are independent nations and not responsible to state
Current consumer trends in casinos
online gaming
Protectivists
persons who believe governments ought to enforce moral rule accepted by the majority of community
In Blackjack, what does it mean to split?
player is dealt a pair of identically ranked initial cards, known as a pair, the player is allowed to split them into separate hands and ask for a new second card for each while placing a full initial bet identical to the original wager with each.
In what game are Players dealt 7 cards, used to make a 5 card hand and a 2 card hand. Five card hand must be equal to or higher than the two card hand.
poker
Regression Analysis
prediction
Positive aspect of gambling?
recreational alternative or possible vacation destination, spending
Cannibalization
result in casino, result in unemployment
What is the name of the game where Players try to guess which number will occur as the outcome of the spin of a ball around a numbered wheel.
roulette
In a game of Craps what is the person rolling the dice called?
shooter
three layers of gaming regulations
tribal laws, state laws, federal laws
What is the world's largest single Casino Market?
vegas
Types of Public Concerns raised by constituents about gambling
vices
In blackjack, when should you double down
when you have 11
s the casino industry is uniquely regulated far more than any other entertainment industry.
yes
