Question 1

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

Accepted Answer

A)  90% 
B)  80% 
C)  70% 
D)  50% 
E)  40% D

Question 2

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

Accepted Answer

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.

Question 3

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

Accepted Answer

A)  In the cashier's vault 
B)  On video tapes 
C)  On a hard drive 
D)  On DVD's 
E)  None of the above C

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

The answer of Explain some of the reasons for the...

Question 6

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

Accepted Answer

A)  The Pilgrim's passage to the New World 
B)  Financing of the Union forces in the Civil War 
C)  The reconstruction of Boston's Faneuil Hall in 1762 
D)  Construction projects for Harvard University 
E)  The running of Charity Hospital in New Orleans

Question 7

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.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A)  The 16th Century 
B)  The 17th Century 
C)  The 18th Century 
D)  The 19th Century 
E)  The 20th Century

Question 10

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

Accepted Answer

A)  Louisiana 
B)  Connecticut 
C)  Illinois 
D)  New Jersey 
E)  California

Question 11

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

Accepted Answer

The answer of Detail how the public's perception of gambling...

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

New Orleans was the first gambling center of America.

Accepted Answer

A) True 
 B)False

Question 14

Discuss some of the downsides to legalizing gambling.

Accepted Answer

The answer of Discuss some of the downsides to legalizing...

Question 15

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

Accepted Answer

A)  Six 
B)  Ten 
C)  Twenty 
D)  Thirty 
E)  forty

Question 16

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

Accepted Answer

A)  From the general manager to the regulatory agency 
B)  From the vault to the cage to the table 
C)  From dealer to player to back again 
D)  From machines to the vault 
E)  From one cashier cage to another

Question 17

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

Accepted Answer

A)  Laws 
B)  Treaties 
C)  Telephone conversations end with a spoken "goodbye." 
D)  School regulations 
E)  They are all examples of rules

Question 18

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

Accepted Answer

A)  The early 1960's 
B)  The early 1970's 
C)  The early 1980's 
D)  The early 1990's 
E)  The early 2000's

Question 19

Discuss the reasons for tighter regulations in Las Vegas casinos.

Accepted Answer

The answer of Discuss the reasons for tighter regulations in...

Exam 1: Why Are There Rules

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

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

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

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

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

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

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.

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

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

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

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

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

New Orleans was the first gambling center of America.

Discuss some of the downsides to legalizing gambling.

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

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

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

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

Discuss the reasons for tighter regulations in Las Vegas casinos.