Economic Pros And Cons If A Casino Organization Use A Revenue Sharing Strategy
Topic One
Describe the economic pros and cons if a casino organization uses a revenue sharing strategy for placing slot product on the casino floor.
Pros: Can be highly profitable, easy to purchase, engages a different target audience, gives some customers nostalgic, themed recognizable product frequently, not a large capital expenditure up front, & lots of competition for prime floor space from vendors.
Cons: More expensive than regular slots, buying themed slots that fall out of the trend, copyrights, it's hard to find out what games will be the next big thing, expensive in the long, some have no control over hold percentage, and some have extremely high hold percentages.
Topic Two
What is the difference between casino issued credit and Central Credit?
Casino issued credit allows for slot and table players to take out cash or chips to gamble in the casino. Usually, the casino issued credit is interest free and the player will have 30 days to repay however much the casino lent them.
Central Credit offers credit checks information to casinos. Casinos utilize this by credit checking customers debts and repayment habits. This also allows the casino to safely …show more content…
There are two zones in this principle which are the zone of pain and delight. A good example of the zone of pain is if a customer is losing all of their money and is not experiencing a good amount of entertainment while playing. If a customer experiences this zone it will overall diminish the probability of he/she returning in the future. Examples of the zone of delight is if a customer is either winning a lot of money, being entertained, satisfied with the quality of the property, or all of the above. If the customer experiences this zone then it will overall increase the probability of he/she return in the future as well as increase their customer
Describe the economic pros and cons if a casino organization uses a revenue sharing strategy for placing slot product on the casino floor.
Pros: Can be highly profitable, easy to purchase, engages a different target audience, gives some customers nostalgic, themed recognizable product frequently, not a large capital expenditure up front, & lots of competition for prime floor space from vendors.
Cons: More expensive than regular slots, buying themed slots that fall out of the trend, copyrights, it's hard to find out what games will be the next big thing, expensive in the long, some have no control over hold percentage, and some have extremely high hold percentages.
Topic Two
What is the difference between casino issued credit and Central Credit?
Casino issued credit allows for slot and table players to take out cash or chips to gamble in the casino. Usually, the casino issued credit is interest free and the player will have 30 days to repay however much the casino lent them.
Central Credit offers credit checks information to casinos. Casinos utilize this by credit checking customers debts and repayment habits. This also allows the casino to safely …show more content…
There are two zones in this principle which are the zone of pain and delight. A good example of the zone of pain is if a customer is losing all of their money and is not experiencing a good amount of entertainment while playing. If a customer experiences this zone it will overall diminish the probability of he/she returning in the future. Examples of the zone of delight is if a customer is either winning a lot of money, being entertained, satisfied with the quality of the property, or all of the above. If the customer experiences this zone then it will overall increase the probability of he/she return in the future as well as increase their customer