Casino operations :: essays research papers

PricingThe Lakeside Casino Resort deals a mint with selling items as well as experiences. Every aspect of hurry the gambling gambling casino as well as all the different trading operations that keep the casino running has to be tolld right and reasonable, from diddleing the casino jeopardizes to ordering the food for the Wheelhouse Buffet.Casino Floor Every game on the casino floor has to be purchased from a dealer. A act upon table alone costs between $1,500 to $4,000 dollars, and on the floor thither are 8 tables. Other games such as Three computer menu Poker and Let it Ride cost around $2,000 and the considerable tables such as roulette and craps cost $5,000 with the casino having 2 of each. either in total, the casino floor tables cost the casino $24,000. An investment that we trust would help in our pricing for the casino floor would be reversible table covers, where a game cease be changed to fit the popularity of the gamblers. This would push down the costs of the casino tables by a significant margin. Another big item on the casino floor is the slot machines. These are a huge revenue maker each slot machine entrust bring in hundreds of dollars. A slot machine cost grazes 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. Drinks range from beer and wine to whiskey and vodka. Drink prices vary from $1.50 to $5 depending on the aggregate of alcohol content.How to Make the MoneyThe pricing of the casino has to be rattling(a) in different levels for the costumers. Each gaming table has different prices to play and to have payback. The object is to get more people on the luxuriously price tables to if they lose you get more silver. The demand for the high price tables is less then the lower 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 accordingly to the demand for each product or service. The Wheelhouse Buffet is open for breakfast, lunch, and dinner. Each meal is set at a different price