Ch 12 Gaming Entertainment

Question 1

These are the five types of legal gambling in the United States

Answer 1

1) charitable gaming, 2) commercial casinos, 3) lotteries, 4) Native America gaming, and 5) pari-mutuel gaming

Question 2

How many states allow some form of legalized gaming?

Answer 2

48

Question 3

These two Asian destinations have seen particular growth in the gaming development.

Answer 3

Macau and Singapore

Question 4

The total amount of all bets

Answer 4

Handle

Question 5

Net amount spent by the guest

Answer 5

win

Question 6

Playing a game of risk for the thrill of the “action” and the chance of making money

Answer 6

Gambling

Question 7

Las Vegas gets this amount of visitors per year

Answer 7

approximately 43 million

Question 8

Besides Las Vegas, this is another US destination known for its gaming entertainment industry

Answer 8

Atlantic City

Question 9

To be considered gambling, the act must have these three elements.

Answer 9

1) the something wagered (the bet), 2) the randomizing event, and 3) a payoff

Question 10

Complimentary goods and services offered to casino patrons in order to attract their business

Answer 10

Comps

Question 11

The five operations of gaming entertainment

Answer 11

1) hotel, 2) food and beverage, 3) casino, 4) retail, and 5) entertainment