| Jim Kilby, University of Nevada, Las Vegas |
| Jim Fox, ITT Sheraton Corporation |
| 0-471-16390-2 (1997) |
| 384 Pages $59.95 US |
|
Casinos are complex businesses that are capable of generating substantial profits to knowledgeable, skilled operators. This book on gaming and casinos is the first up-to-date book on one of the fastest growing industries in the country. It covers all aspects of casino operations management, including the regulatory control environments, the games, marketing, organization, cage operations, accounting, and surveillance. |
TABLE OF CONTENTSPrefaceChapter 1 THE HISTORY OF MODERN GAMING Nevada: The Birthplace of Modern Gaming The Wide Open Gambling Bill The Bull Pen Casino The Grandest Club in Southern Nevada Big Time Gambling The Birth of the Las Vegas Strip Bugsy Howard Hughes Modern-Day Las Vegas Steve Wynn New Jersey Legalizes Casino Gambling Chapter 2 GAMING CONTROL History of gaming Control in Nevada Estes Kefauver Nevada Gaming Control The Gaming Commission Gaming Control Board Divisions of the Board Attorney General Gaming Policy Committee Gaming Licensing Classifications of Nevada State Gaming Licenses Hotel Room Requirements What the Commission is Looking for in an Applicant Key Employee Licensing, Finding of Suitability, and Work Permits Atlantic City Gaming Gaming Control in Atlantic City Gaming Control Commission Division of Gaming Enforcement (DGE) Classifications of New Jersey's State Gaming Licenses Licensing Puerto Rico Gaming Public Policy toward Gaming Chapter 3 GAMING TAXES Gaming Taxes Gaming Taxes - Nevada Atlantic City's Gaming Taxes Internal Control Systems Differences between Nevada's and New Jersey's Internal Controls Chapter 4 CASINO MANAGEMENT The Management Pyramid Casino Organizational Structure Staffing Chapter 5 CURRENCY REPORTING History Nevada's Regulation 6A Model Title 31 Reporting Chapter 7 SLOT MANAGEMENT Slots Video Pokers Floor Configuration Determining Slot Win The Importance of Hit Frequency Random or Pseudo-Random? Chapter 8 INTRODUCTION TO TABLE GAMES Dice Roulette Blackjack Blackjack Rules Baccarat Keno Caribbean Stud Let It Ride Pai Gow Poker Chapter 9 TABLE GAME OPERATIONS Table Game Operations Revenue and Profit per Square Foot Chapter 10 CASINO ACCOUNTING Table Drop and Count Slot Drop and Count Key Control Internal Audit Casino Audit Statistical Reports Chapter 11 MATHEMATICS OF CASINO GAMES Dice Roulette Blackjack Baccarat Keno Chapter 12 ELEMENTS OF AN EFFECTIVE PLAYER RATING SYSTEM Importance of Player Rating Systems Actual versus Theoretical Win Estimation of Average Bet and Time Played The Player Rating System An Example of The Rating System Factors Estimating the Casino Advantage Establishing Guidelines Slot Rating Systems Chapter 13 TABLE GAME HOLD AS A MANAGEMENT TOOL Uses of Table Game Hold Determinates of Hold Theoretical Win and Hold High Table Occupancy May Be Hazardous to Profit Let It Ride and the Tournament Bet Chapter 14 CASINO MARKETING I The Cost of Match Plays and Nonnegotiables Match Play: Problems and Solutions Gambler's Spree Gambler's Spree: Common Questions and Answers Dead Chips and Chip Warrants Mathematics of the Dead Chip Dead Chip Commission Chapter 15 CASINO MARKETING II Rebates on Loss Player Action Criterion Table Game Rule Modification as a Marketing Tool Chapter 16 SPORTS BOOK OPERATIONS History Sports Betting Money Lines Point-Spread Betting Chapter 17 RACE OPERATIONS Types of Races Types of Bets Racing Terms Regulatory Requirements Race Book Operations Chapter 18 CASINO STATISTICS Population Sample Parameters and Statistics Average or Mean Median Mode Measures of Dispersion Range Variance Standard Deviation Weighted Average Probability Distribution Expected Value Calculating the Standard Deviation with Uneven Betting Sample Game Probabilities, Variances and Standard Deviations Our Worst Fears Realized--"a Money Manager" Glossary of Casino Terminology Index |
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