Location

Caesars Palace, Las Vegas Pompeian II

Start Date

30-5-2013 4:00 PM

End Date

30-5-2013 5:30 PM

Abstract

This paper looks at impacts of the structures of casino industries in 13 American states venues. The legalization of casinos has been a major policy issue in scores of national and sub-national venues over the past 60 years. Among the critical issues in the legalization process has been the subject of whether casino establishments should be authorized as singular, that is, monopoly, entities in a specific location (city, state, or nation) much as public utilities, or they should be licensed in an open market free competitive manner. A middle ground approach find venues allowing a limited number of licenses, ergo, an oligopoly of casinos.

Disciplines

Business | Economics | Gaming and Casino Operations Management | Gaming Law | Hospitality Administration and Management | International Business | Law

Comments

Moderator: Jonathan Galaviz

Session 3-4-B Monopolies, Markets, and Gaming Operations

File: 12 PowerPoint slides

Attached file: Paper

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May 30th, 4:00 PM May 30th, 5:30 PM

Session 3-4-B: Impacts of the Structure of the Casino Industry

Caesars Palace, Las Vegas Pompeian II

This paper looks at impacts of the structures of casino industries in 13 American states venues. The legalization of casinos has been a major policy issue in scores of national and sub-national venues over the past 60 years. Among the critical issues in the legalization process has been the subject of whether casino establishments should be authorized as singular, that is, monopoly, entities in a specific location (city, state, or nation) much as public utilities, or they should be licensed in an open market free competitive manner. A middle ground approach find venues allowing a limited number of licenses, ergo, an oligopoly of casinos.