Casino Hotel Research Articles

Performance Measurement Through Cash Flow Ratios and Traditional Ratios: A Comparison of Commercial and Casino Hotel Companies

ABSTRACT This study examines the performance of commercial hotel and casino hotel companies by employing both cash flow ratios and traditional financial ratios over the past five years. Using the financial database from the Hotel and Motel section of the Mergent Online with SIC 7011, independent sample t-tests were used for the analysis. The performance of the commercial hotel and casino hotel companies was measured using liquidity, solvency, and operational efficiency indicators. Results show that traditional ratios generated different results from cash flow ratios in liquidity. Casino hotel companies were found to have significantly higher liquidity ratios than commercial hotel companies, indicating a possibility that the difference may be caused by the type of hotel.

Managing workers' compensation costs: success of initiatives to change outcomes.

The cost of workers' compensation health care has been a challenge during the past few decades. Various programs have been initiated on the local, state, and national levels to address this issue. The purpose of this article is to examine some of the programs that have initiated cost control measures. Most of those published claim successful outcomes. The initiatives reviewed herein were instituted at medical centers in Maryland and Pennsylvania, at casino hotels in Nevada, at an occupational health clinic in Ohio, at an electrical union in New York State, and at an insurance company. Initiatives in Minnesota and Washington State are also described. Sharing the outcomes of initiatives may allow such research to be translated into action on a broader scale.

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Municipal Government Communication Intelligence Computer Corporation SINOPEC Shengli Oilfield Co Department of Homeland Security Identix Citizenship and Immigration Services Viisage Borgata Casino Hotel & Spa

Analysis of Las Vegas Strip casino hotel capacity: an inventory model for optimization

Using aggregate operation statistics of Las Vegas Strip casino hotels, this study employs a single-period inventory model to estimate the optimal room capacity for Las Vegas Strip casino hotels from 2001 to 2004. The model predicts that the Strip will experience overcapacity from 2001 to 2003 but slight undercapacity for 2004. The findings suggest that to avoid undercapacity, new casino expansions may need to be planned for the year 2004 and beyond.

Influences on Video Poker Machine Performance

This study seeks to determine if slot machine performance levels are influenced by casino floor location and specific game characteristics. A Las Vegas hotel casino supplied the results of 418, $0.25, video poker machines, which were used to test hypotheses based on the findings of extant performance-potential research and casino management theory. Results from a simultaneous multiple regression model indicate that the core locations of the slot floor, featuring superior access and traffic volume, outperform the perimeter locations. Variables representing cabinet style (i.e., slant-top and bar-top units), par and program are also found to influence a machine's performance, at the .05 alpha level. The resulting equation offers an alternative performance measure that considers the unique operating parameters of a game, moving beyond basic performance comparisons of unit results to category averages (e.g., all $0.05 video poker games).

Analysis of Return on Hotel Investment: A Comparison of Commercial Hotel Companies and Casino Hotel Companies

This study examines the performance of commercial hotels and casino hotels in the United States from 1994 to 1998. It analyzes the relationship between hotel performance and type of hotel company. Using financial data from the hotel and casino section of the Value Line Data File, independent sample t tests and ANCOVAs were used for analysis. The performance of commercial hotel companies and casino hotel companies, including operational and capital return components, is examined and analyzed. The findings reveal that type of hotel company has no relationship with performance and that casino hotel companies show higher effectiveness in using assets to generate revenue. It is also evidenced that debt ratio has a close relationship with the return from operations, particularly from commercial hotel operations.

Managing the Slot Operations of a Hotel Casino in the Las Vegas Locals’ Market

This exploratory study was designed to identify and explain the sources of variation in the daily slot handle of a locals’ market hotel casino in Las Vegas, Nevada. A regression model was used to analyze the effects of temporal, operational, and marketing variables hypothesized to influence slot handle. A simultaneous regression analysis was conducted with audited, secondary data using variables adapted from prior research. Significance tests were conducted at the .05 alpha level. The model failed to produce a significant effect for the food covers variable. The buy-in incentives (direct mail) and bingo headcount variables were significantly and positively related to slot handle. The temporal variables emerged as powerful predictors of slot handle. Finally, the results demonstrate the questionable economic significance of the buy-in incentives program and the bingo operation.

United States Court of Appeals, ninth Circuit: Local Joint Executive Board of Culinary/Bartender Trust Fund; Bartenders Union, Local 165; Culinary Workers Union, Local 226; Harvey McCoy; Ron Byford v. Las Vegas Sands Inc. d/b/a Sands Hotel Casino

United States Court of Appeals, ninth Circuit: <i>Local Joint Executive Board of Culinary/Bartender Trust Fund; Bartenders Union, Local 165; Culinary Workers Union, Local 226; Harvey McCoy; Ron Byford v. Las Vegas Sands Inc. d/b/a Sands Hotel Casino</i>

Improving organizational performance using survey-driven databases

Empowering employees to do a good job is made easier when employees respect their co-workers, have opportunities to continuously learn, are fairly evaluated by supervisors, and have fun. Using the example of a Las Vegas casino—hotel, this article describes a four-phase, ten-step process that uses survey data to establish organizational peak performance. Key components of those ten steps include: (1) knowing how employee guest-relations expertise is learned and transferred from department to department and activity to activity, (2) empowering employees to take care of guest needs and encouraging workers to be creative and enthusiastic, (3) training managers to be responsible for employee commitment, teamwork, and communication, (4) using effective performance-feedback tools that invite employees' trust, (5) ensuring that managers understand the demands and importance of front-line jobs and know what resources are needed to perform those jobs, (6) facilitating effective communication at all levels, (7) emphasizing effective teamwork and group problem solving, and (8) ensuring senior managers focus on teamwork, initiative, group problem solving, and organization-wide alignment with corporate goals.

Utah Court of Appeals: Atkinson v. Stateline Hotel Casino &amp; Resort

Utah Court of Appeals: <i>Atkinson v. Stateline Hotel Casino &amp; Resort</i>

Hotel Managerial Ownership and Firm Performance: An Empirical Investigation

Abstract Agency theory suggests that increasing managerial ownership, or the proportion of stocks owned by corporate managers, can better align owner/manager interests and motivate managers for better performance. This study empirically examines the impact of managerial ownership on firm performance in the hotel industry. Using the 1996 financial data of 45 US hotel companies, the study found that managerial holdings had a positive impact on profit margin, operating return and return to owners' equity. The positive impact was more significant in the fast-growing regular hotel sector than in the slow-growing casino hotel sector. The findings show that increasing managerial ownership can be a viable means for improving accounting profitability in the hotel industry.

The Name Game: Protecting Trademarks for the Hotel Casino Business

The Name Game: Protecting Trademarks for the Hotel Casino Business

Yield Mangement in Las Vegas Casino Hotels

The rooms division in many Las Vegas casino properties has functioned almost as a loss leader to encourage guests to stay and play in the casinos. Applying yield management to boost rooms revenues does not seem to apply to such a scenario, but at least five Las Vegas properties now have basic YM systems that have boosted revenues. One property of 1,000-plus rooms has installed a proprietary computer-based YM application that gives it sophisticated control over room rates based on expected occupancy. The other four properties do not use computer applications, but still apply YM based on occupancy projections. In some cases, reservations and front-desk employees are involved in yield-management rate decisions, while other properties exclude front-line employees from the YM loop. Although the revenue from gaming operations has long overshadowed rooms revenue, it is clear that casino hotels could benefit from some form of yield management in their rooms division, as that area's importance as a profit center increases.

Yield management in Las Vegas casino hotels

Casino hotels are not generally known for using yield management for their rooms divisions, since the casinos are so lucrative. Yet five Las Vegas hotels have enjoyed increased rooms revenues from their YM systems.

Lessons from the Atlantic City Casino Experience

This article reviews the operating statistics of the Atlantic City casino hotel industry from its inception in 1978 through 1994. The objectives of the Casino Control Act are compared with industry results, and economic and social impacts are examined. In less than two decades, $5 billion in investment has been attracted to the city. This investment has created, through the construction of 12 casino hotels and the renovation of the historic boardwalk along the ocean, a regional casino resort destination that cannot be easily duplicated. The revenues generated by the casino hotel industry have funded regulatory agencies, social services for the elderly and disabled, and redevelopment projects in Atlantic City. This article chronicles the revitalization of the economy of the city, as well as the disappointments that have occurred, such as the slow pace of urban redevelopment, visitation patterns that primarily reflect short day-trips, casino gambling's dominance of the economic activity of the city, and the prevalence of compulsive gambling.

Effect of Beliefs About Weather Conditions on Tipping

Research has shown that greater degrees of sunshine experienced directly are associated with greater amounts of compliance and tipping. This paper describes two studies that investigated beliefs about sunshine and tipping. The studies were conducted at a casino hotel in Atlantic City; a male server who delivered food and drinks to guests' rooms acted as the confederate. In Study 1, the server reported to guests the actual sky conditions: sunny, partly sunny, cloudy, or rainy. Tip percentages increased linearly from the worst to the best conditions. Study 2 used an experimental design. The server informed guests that the weather was either warm and sunny, cold and sunny, warm and rainy, or cold and rainy. Guests were gullible because their rooms shielded them from the actual conditions. Belief in sunny skies produced greater tip percentages. The temperature belief manipulation had no effect. This research extended previous research by showing that beliefs about weather, in addition to actual weather, can affect behavior.

Address by the President of Congress Dinah FitzGerald, BDS at the Opening Ceremony*

Australian Dental JournalVolume 40, Issue 3 p. 155-156 Address by the President of Congress Dinah FitzGerald, BDS at the Opening Ceremony* First published: June 1995 https://doi.org/10.1111/j.1834-7819.1995.tb05627.x * Wrest Point Hotel Casino, Hobart, Tasmania, 17 March 1995. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat No abstract is available for this article. Volume40, Issue3June 1995Pages 155-156 RelatedInformation

Self-injection with mercury

A 27.year-old doorman at a local hotel casino presented to the accident and emergency department in December 1991. He complained of a painful swelling on the flexor aspect of his forearm. Examination revealed a tender 4 x 5 cm fluctuant swelling. There were no local puncture sites or wounds. The ‘abscess’ was incised under local anaesthesia. The doctor was surprised when mercury was drained. A forearm radiograph showed more mercury in the wound (Figure I), and a chest radiograph demonstrated mercuric emboli throughout both lungs (Figure 2). Over the next 2 months serial measurements of blood and urine mercury levels were raised, but not to toxic levels. Respiratory function tests were normal and 24 h urine collection revealed normal creatinine clearance. At 1 week after presentation the mercuric swelling on his right forearm was completely excised and closed primarily, under general anaesthesia. At I month after presentation he attended the department complaining of flu-like symptoms and headache. A skull radiograph then showed specks of mercury, suggesting the possibility of intracranial deposits implying that the mercury had passed through his lungs to the systemic circulation. He was given penicillamine. He remained well and continued to revel in the medical attention and to deny all knowledge of how the mercury had entered his body! He is a keen body builder of 1.90 m in height and weighs 107 kg. He says his occupation demands a certain stature and strength. In February 1992 he again presented to the accident and emergency department, on this occasion with a bullet wound on his forehead. Computerized tomography demonstrated a large frontal haematoma and he was referred to the neurosurgeons for wound excision and retrieval of a hand gun bullet. He declined to describe how either incident had occurred.

Cladding failure

Explores the causes, outcomes and remedies of cladding failure in its many forms, from life threatening component separation and glass breakage, to costly water intrusion and air infiltration problems. Demonstrates the cumulative effect of errors commonly made during the specification, design and installation stages of a cladding system through a case study of a 26 storey high‐rise casino hotel in Atlantic City, New Jersey. Outlines the project details, repair programme and resulting legal action taken. Suggests that as cladding systems and materials continue to develop the likelihood of failure will continue to increase.

Cost effectiveness of substance-abuse treatment in Casino hotels

Cost effectiveness of substance-abuse treatment in Casino hotels