Gaming And Casino Hotel Industry - 1555 Words

Executive Summary Gaming or gambling industry is clearly accelerating the transformation, and opportunities and challenges are mixed in the trend. The November 4th vote has given us a highly positive signal about the future of casino industry in Massachusetts, however, we still have to look into the trend and capitalize on this great chance. We have witnessed the conversions of online gaming to land-based casinos and land-based casino to online gaming, the burgeoning digital social media and so forth, while the land-based casinos have been confronting fierce competition and relatively saturated market, the next year for our company would be one filled with online gaming consulting and change/expansion of our original land-based casino†¦show more content†¦This white paper describes the three strategies that would gain significant advantages for our firm. It also discusses concerning about whether our casino staffing service should be changed, and this would need further discussion in future. Trend, Opportunities Challenges Massachusetts Updates The existing casino law prevailed in Nov. 4th and this success cleared out a way for the gambling industry in Massachusetts. After November 4th, MGM Resorts International and Wynn Resorts, two of our biggest potential clients, have been officially awarded Massachusetts’ first two casino licenses. MGM is now building an $800 million resort in Springfield in western Massachusetts while Wynn is developing a $1.6 billion plan for the waterfront in Everett. Additionally, some good news for us: 1. The deadlines for the state’s third and final resort casino licenses are delayed by two months to January. Many casino companies have shown great interest in the licenses. 2. Private gambling developers that are seeking regional license have been considering Mashpee Wampanoag tribe’s plans for a resort casino in Taunton, Boston. 3. Horse racing licenses for operations proposed for Suffolk Downs in Boston and the Brockton Fairgrounds in Brockton are approved. 4. Penn National Gaming’s construction of the slot parlor in Plainville is in its midway (previously it was paused due to the threat from