Chapter 13 Flashcards
The total of all bets is called __________
The handle
What is the profit spent by the guest called by the gaming entertainment industry?
A win
What is gambling?
Playing a game of risk for the thrill of the “action” and the chance of making money
What is a casino?
An area in which gaming activities involving table games and slot machines take place
What is the Indian gaming regulatory act of 1988 (IGRA)?
A law which provides a framework by which games are conducted to protect both the tribes and establishes civil penalties for violation of its provisions.
Sustainable casinos
Casinos with greener water, light, material, air, energy, and luxury
How has the casino industry developed?
It now includes somewhere to stay, something to buy, and somewhere to eat
What is the relationship between the casino and other departments in the operation?
Casinos are the focal point for marketing and attract guests, but the hospitality and food needs are met by the other departments
Who is the Gaming entertainment industry strictly regulated by and why?
State governments; to keep integrity and prevent cheating
What increases the total revenue of gaming entertainment?
No gaming revenue from hotels, restaurants, bars, and other hospitality services
What is Native American gaming entertainment’s purpose?
As a means for economic self-development by tribal people
What are the various activities related to gaming entertainment?
hotels, entertainment, retail, and recreational activities,
What are the different positions in gaming entertainment?
Hotel, food and beverage, casino, retail, and entertainment
What are the five legal types of gambling?
Charitable gaming, commercial casinos, lotteries, Native American gaming, and peri-mutuel gaming
