Casino operations :: essays research papers

PricingThe lakeside Casino Resort deals a lot with selling items as thoroughly as experiences. Every aspect of running feeble the cassino as rise up as all the other operations that keep the casino running has to be belld right and reasonable, from playing the casino games to ordering the food for the pilothouse Buffet.Casino Floor Every game on the casino offend has to be purchased from a dealer. A blackjack table alone cost between $1,500 to $4,000 dollars, and on the cut down there are 8 tables. another(prenominal) games such as Three Card Poker and Let it keep up on cost around $2,000 and the big tables such as roulette and craps cost $5,000 with the casino having 2 of each. All in total, the casino floor tables cost the casino $24,000. An investment that we think would help in our price for the casino floor would be reversible table covers, where a game can be changed to fit the popularity of the gamblers. This would cut the costs of the casino tables by a significa nt margin. Another big item on the casino floor is the schedule machines. These are a huge tax revenue shaper each slot machine will bring in hundreds of dollars. A slot machine cost ranges from $1,000 to $3,000 and the casino floor has hundreds or slot machines spread around the casino in strategic locations. The slots machines vary in price from$10, $5, $2, $1, 25 cents 5 cents to 1 cent.BarLocated in the casino is a bar. This bar can generate good revenue for the whole operation if the pricing is right. inebriations range from beer and wine to whiskey and vodka. Drink prices vary from $1.50 to $5 depending on the amount of alcohol content.How to Make the cashThe pricing of the casino has to be elevated in different levels for the costumers. to each one gaming table has different prices to play and to have payback. The object is to ready more than people on the high price tables to if they lose you get more money. The demand for the high price tables is less then the raze priced gaming options, but more money is generated from the higher gaming options because more money is played with.Pricing for other operations are obtained thence to the demand for each product or service. The Wheelhouse Buffet is throw for breakfast, lunch, and dinner. Each meal is set at a different price