Preview

Harrah*S Entertainment Case Study

Good Essays
Open Document
Open Document
1171 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Harrah*S Entertainment Case Study
HARRAH*S ENTERTAINMENT

THE FACTS________________________________________
• Founded in 1937 in Reno, Nevada by Bill Harrah
• One of the world’s most renowned provider in casino entertainment
• Operates nearly 40 casinos in three countries under the Harrah*s, Caesars, Horseshoe, Bally’s, Flamingo, Paris, Rio, Showboat, Harveys, and Grand Casino Resort brand names
• More than 40,000 employees
• Posted more than $4 billion in revenue and $235 million in net income in 2002

THE HISTORY
________________________________________
In the volatile world of the gaming industry, renowned casino provider, Harrah*s understands the importance of ensuring the consumer’s complete satisfaction during their stay at their facilities. The history of Harrah*s can be traced back to 1937 when Bill Harrah opened his first bingo parlor in Reno, Nevada and eventually went on the buy ‘The Mint Club’ in downtown Reno. Bill understood the value of customer service early on as he installed steam pipes at the club entrance so his customers did not have to walk in the snow while coming to the club during the winter. Seventy years later, Harrah*s continues to lead the pack when it comes to delivering superior customer value.
Today, when people visit Las Vegas, they are expecting to be dazzled and entertained by opulent, choreographed water fountains; spirited pirates “battling” for gold and riches; roller-coaster rides that give guests a special “tour” of “the city”; rare white tigers; and world-class entertainers found at many of Harrah*s competitors. However, Harrah*s competitive strategy lies within their strategic focus on the superior quality of its guests gaming experience from the time they walk into their many branded facilities to the time they leave through personalized relationship building facilitated by their evolving customer relationship management database (CRM) tools and processes.

THE CHALLENGE
________________________________________
During a time when

You May Also Find These Documents Helpful

  • Satisfactory Essays

    As of June 28, 2014 net income is $2,245 Millions compared to June 29, 2013 when net income was $1,847 Millions. Net income increased by $398 Millions…

    • 354 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    “Examining the effects of casinos after at least four years of operation. I find that positive change include : young adults moving back to the reservation fueling an 11.5 percent population increase ; adult employment increasing by 26 percent ; and a 14 percent decline in the number of working poor.In countries with or near a casino, the the employment-to-population ratio has increased and mortality has declined”.…

    • 548 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Billabong Case Study

    • 320 Words
    • 2 Pages

    In 2000, the company was listed and had sales of $225 million, growing to $1.7 billion in 2011.[5] Profits of $249 million were achieved in 2007.[5]…

    • 320 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Mba 590 Final Assignment

    • 8802 Words
    • 36 Pages

    annual sales of $3 billion, operating cash flow of $1.3 billion, and ending assets of $12.2 billion. (2002. CA…

    • 8802 Words
    • 36 Pages
    Powerful Essays
  • Powerful Essays

    Macy's Company Analysis

    • 1614 Words
    • 7 Pages

    The company recorded revenues of $25,003 million during the financial year ended January 2011, an increase of 6.4% over Fiscal Year 2010. The operating profit of the company was $1,894 million in FY2011, an increase of 78.2% over Fiscal Year 2010. The net profit was $847 million in Fiscal Year 2011 compared with $329 million in Fiscal Year 2010. (datamonitor.com)…

    • 1614 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Maverick's Case

    • 2035 Words
    • 9 Pages

    Maverick’s Poker Room has issued a survey to its customers to determine the level of customer service the patrons think they are receiving. Understanding the customer expectations is vital to a business’s success. The location of Maverick’s is directly across the border from Canada and many patrons come from across the border. This means not only does Maverick’s deal with local customers but international customers as well. According to Mint Kang “ being able to understand and create the human connection, from understanding the customer to building a relationship to sharing that interest and passion, is now taking centre…

    • 2035 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Pathos is the most dominant form of appeal used in this advertisement. Out of all of the seven photos in this two page advertisement, not one photo shows a slot machine or blackjack table. Maybe MGM has chosen to leave this out for a reason. MGM does not want you to think about losing money before you come to stay at the hotel. They very easily could have showed a picture of a man throwing chips in the air with a huge smile on his face. MGM Grand made a better choice by going for emotions and situations that are a little less far-fetched and a little more likely to happen. The decision to not show gambling gives the add a more attractive mood.…

    • 1117 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Harrah’s CRM model has emerged successful in leading the gaming industry over its competitors. Its role in boosting the company’s revenue by 50% is admirable.…

    • 503 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    William Harrah

    • 1429 Words
    • 6 Pages

    The gaming industry is one of the largest industries in the world. Nowadays people can find casinos and gambling in almost every region in the world. There are gambling locations on cruise ships, in airports, and even gas stations. The gaming industry has evolved over many years and a lot of it as to do with the help from William F. Harrah. William F. Harrah is the founder of the popular Harrah’s casinos. He is one of the pioneers that helped shape the gaming industry of what it is today. Today, you can find many Harrah’s properties all over the United States.…

    • 1429 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Power, B., (2003) " Jupiters Puts $150m Price on Centrebet", Australian Financial Review, 12th May, pg.12…

    • 3431 Words
    • 16 Pages
    Powerful Essays
  • Better Essays

    HTM 100 assignment 2

    • 1300 Words
    • 4 Pages

    Schmelzer , C. (2011). Casino gaming from a border state perspective: impact on the hospitality industry. Retrieved from http://digitalscholarship.unlv.edu/…

    • 1300 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Cherry Casino Essay

    • 812 Words
    • 4 Pages

    As earlier discussed, Net Entertainment and Microgaming are responsible for majority of the games available at this casino it is therefore not surprising that there is a 400+ games strong library including several variants of slots games, lottery and scratch card related games, keno, table games and even the classic roulette, baccarat and the various types of poker games. In addition to the aforementioned,…

    • 812 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Commercial casinos are a major part of the actual entertainment landscape. For proof, ¼ of the U.S. adult population spends money at a casino at least once a year.…

    • 6574 Words
    • 27 Pages
    Powerful Essays
  • Satisfactory Essays

    Casino Analysis

    • 359 Words
    • 2 Pages

    The Las Vegas and Atlantic City which are known for their popularity have been around for sometimes since 1970s. These strategic groups have been operated under one business model. Their main objectives are investing in gambling industry that was not allowed back in 1970s. The time they were initiated this type of business was very challenging to them but they have lived until today. The Nevada legalization of the casino industry had increased the potential popularity of Las Vegas and Atlantic City in the United States and around the world. The Las Vegas and Atlantic City have developed more small convenience casinos in different venues to operate for similar competitive strategies. These small companies are clustered to each other but they have significantly different prospective from companies in other groups. For instance in Las Vegas, the casinos have expanded their facilities to increase the number of services in different locations to attract customers to boost up their profits. In addition the casinos industry has begun to change their environmental to improve consumers’ satisfaction in introducing several alternative services to keep them from moving to other locations. These services include luxury hotels, condominium units, convention centers and more retail space. The Atlantic City casino industry has also developed new facilities in some other areas to improve its services.…

    • 359 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Harrah’s marketing information system is well developed from the top down. It follows a kind of circular flow that enables it to be the best in the entertainment experience world. It follows figure 4.1 of our book to perfection. At the core of its marketing information system is the relentless will and dedication to know its customers as best as possible. The nucleus of the core is the Total Rewards programs it offers. Without it, it wouldn’t be as successful at learning or knowing as much as it does or finds out and translate that into successful customer satisfying culture. Through this program it is able to gather information and respond to the target markets, marketing channels, competitors, publics, and macro environment forces. Although it doesn’t respond to all of players in the marketing environment directly, it may be able to notice that customer expenditures have decreased during the Great Recession and respond in the way that is sees best. Having information available, it is then able to design effective marketing program or individual and effective customer satisfaction offers centered on each individual’s profile. Finally, armed with all the information, it then goes out and employs the necessary moves to retain its customers, enhance product penetration, or create a new service or any other move as best fitted for the data collected. Through this carefully and fluent cycle of data gathering, marketing research, and superior service; Harrah is able to connect the marketing environment, marketing information system, marketing managers, and other information users into a system that delivers the best service to each customer.…

    • 1206 Words
    • 5 Pages
    Better Essays