Question 1: If you were one of the winners‚ which option would you select? Why? Answer 1: Lottery Prize = $ 181‚500‚000 as 2 winner for 363 million jackpot. To decide the best option‚ we will compare the Present value of cash flow in both options. Taxes are ignored‚ as they will be applied in both the options. Option A: Lump-Sum/Cash-option payment: Lottery will pay 50% of published value‚ if cash option is selected and federal Cash before taxes = 181‚500‚00 * 0.50 = $90‚750‚000 Option B:
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Foxwoods Resort and Casino The Foxwoods Resort Casino is considered to be the largest casino in the world. Located in Mashantucket‚ Connecticut‚ the resort comprises 4‚700‚000 sq ft of space and employs over 8‚000 team members. The casino has over 380 gaming tables‚ several restaurants‚ 1‚416 hotel rooms‚ and a two story arcade for children and teens. Foxwoods also owns the title of the most slot machines of any casino in the world‚ numbering over 7‚200. The mission statement of Foxwoods Resort
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On an everyday basis‚ humans are faced with scenarios and problems that require critical decision-making skills. However‚ decisions are not always made based on supportive evidence or an abundance of information. A key concept that will be thoroughly analyzed and discussed is the gambler’s fallacy‚ and how it corresponds with the study conducted by Roney and Trick (2003). As stated by in the textbook‚ “The gambler’s fallacy is the belief that if an event has not occurred for a while‚ then it is more
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study‚ we want to to explore the gambling behavior of the young people to participate in gambling activities‚ then try to understand the motivation of the young people to participate in gambling activities. Last‚ investigate the characteristics of the young people on their family background and schoolmate and what the impact on the gambling activities. B. Proposed Research Topic A Study of Hong Kong Young People’s Participate in Gambling Activities Problem gambling among youth is a growing public
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twelve million‚ 96% began gambling before the age of 14. He also reported that the average compulsive gambler has debts exceeding $80‚000. This means that for this class‚ if we all grow up to be compulsive gamblers‚ all but one of us will have started gambling by now‚ and we will all one day be in extreme debt. Today I will be informing you all how dangerous gambling can be. I will be talking about what good comes from gambling‚ the negative effects of gambling‚ and why gambling is a problem. In everything
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Though both articles argue for gambling‚ they emphasis on different issues. The pro-gambling argues that gambling should be legalized to make positive the economic influence throughout the United States‚ while the con gambling argues that gambling should be illegal because it cannot add the money to the economy and also prevent mental disorder. After analyzing responses from both articles‚ the one against gambling is better supported. Although both positions are well organized and supported with
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provides the people of Macau with millions of jobs. Even though gambling was first legalized under Portuguese rule to finance the government‚ it remains the same under Chinese rule today. The rules and regulations set forth oversee the casino industry and grant companies with casino concessions. It is dramatically more profitable than Las Vegas because of the devastating effects of the American Recession. Introduction Gambling in Macau has been legal since the 1850’s‚ although it had existed
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Gambling Goes Global on the Internet (Case 5-2) GLOBAL MARKETING Discriminatory or Not? As the case explains‚ gambling has existed for many centuries all around the globe. With the evolution of the Internet‚ this form of recreation has become widely available for everyone with Internet access. This has created opportunities for gamblers‚ but has become a challenge for those trying to stop the spread of such recreation. To answer the first question‚ of whether Unlawful Internet
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Total Opposites In the short story "The Outcasts of Poker Flat" by Bret Harte‚ the author uses characters in the story that have very similar characteristics‚ except for one‚ "Uncle Billy." John Oakhurst is a big time gambler in Poker Flat. He took large sums of money from many people in town. The residents of Poker Flat were very upset with him always winning bets and all of their money. Out of all the people that are banned from Poker Flat‚ Oakhurst possesses the best qualities out of the group
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Improving Retention and Organization Organizations often fail to maintain qualified employees‚ so the organization is then left under staffed and unqualified workforce‚ which will affect the organization productivity in the long run. Retention is n important element in relation to functioning in the organization; it also has direct relations with the manager’s skills in the work place. It is up to the organization to implement different strategies to improve programs for developing‚ attracting
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