Week 1 Assignment
1. How did Bill Harrah and Bugsy Siegel change the face of Las Vegas to what it is today? What are some of their ideas that are still used within hotels/casinos today?
Bill Harrah was one of the first to introduce corporate management philosophies in operating a casino.
Bugsy Siegel was the first to modernize the casino industry with décor of the casino/hotel with a Miami or Hollywood flashy style rather than the western theme Las Vegas was accustom to.
2. What did Howard Hughes successfully do to change the way casinos are now owned within Las Vegas?
After Hughes ' entry into gaming, a Corporate Gaming Act was passed in 1969 by Nevada 's gaming regulators. Prior to the passage of this act, every owner of a casino was required to be individually licensed. With public corporations, licensing of thousands of stockholders was impractical. The Corporate Gaming Act allowed publicly traded corporations to own casinos without requiring every single stockholder to be licensed (Casino Operations Management, 2005). …show more content…
What are the ways Nevada and New Jersey control casino gaming and gambling within their respected states?
Whether in Nevada, Atlantic City, or Deadwood (South Dakota), gaming control has three common objectives:
1. To ensure that gaming is conducted honestly. This is accomplished by the prevention of cheating and fraud by both the casino 's customers and management.
2. To ensure that the industry is free from corruption and the involvement of organized crime. This is accomplished by preventing unsavory or unsuitable persons from having any direct or indirect involvement in gaming.
3. To ensure that all taxes owed are properly paid. This is accomplished by maintaining strict control over the financial practices of the licensee (Casino Operations Management, 2005).
4. What are the roles and responsibilities of the gaming control board within