Exam 1: Why Are There Rules

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Today gaming revenues in Las Vegas represent less than ___ % of total revenue?

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Detail who else, besides the customers, is tempted by the large amounts of money in the casino environment.

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Customers are not the only ones who think about getting more money. One chip can be worth $50,000. It is the size of a half dollar. Working with that kind of money every day is a temptation for any person. Therefore, safeguards are in place to protect employees from themselves. But what about criminals outside the casino who want to rob the house or its winners? Or, the huge amounts of cash generated by the casino attract politicians, regulators, or police to take bribes. In addition, organized crime is an ever present threat whether for laundering dirty money or just making it. As you will see, the saga of gambling is full of people who do not follow the legal course to make money.

Where are recorded security images stored in a technologically current casino?

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According to the text, the struggle between individual freedom and social order is at the center of the issue to legalize gambling.

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Explain some of the reasons for the expansion of gaming in the United States.

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According to the text, which one of the following historic events was not financed by lotteries?

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In 1999, the National Study on the Impact on Gambling determined that opponents of legal gambling were correct in being against allowing legalized gambling, but were later proved wrong.

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One of the factors that make the casino industry unique is that the amount of money that changes hands is tremendous.

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According to the text, casinos as we know them today or their early predecessors did not appear until the end of:

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Nevada had a 45 year monopoly on Casino gaming until what state legalized gambling?

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Detail how the public's perception of gambling changed dramatically over the past 50 years.

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Today almost 60% of Americans live within a four hour drive from a casino.

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New Orleans was the first gambling center of America.

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Discuss some of the downsides to legalizing gambling.

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Although fifty years ago, casinos on the Las Vegas Strip were individually owned, but tody ___ major players control over 130,000 hotel rooms?

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Money constantly moves in a casino. According to the text, which of these is not an example of money moving in a casino:

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According to the text, which of these is not an example of a type of rule?

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According to the text, the last of organized crime was eliminated from Las Vegas by :

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Discuss the reasons for tighter regulations in Las Vegas casinos.

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