Industry business model paper Essay Example | Topics and Well Written Essays - 2000 words

Industry business model paper - Essay specimenSome fifty million Americans gamble each year, betting anywhere from $30 billion to $ speed of light billion, depending upon the estimate one chooses. The vast majority of this money is wagered illegally. Many states, however, are now stampeding to legalize lotteries, extol new racetracks and set up off-track betting By early 1974, eight states were operating lotteries, with at least four others about to open for business. New York city began legalized Off-Track Betting (OTB) in 1971, and many other places, too, may soon do so. Also, New Jersey, Maryland and Hawaii are say to be considering joining Nevada in legalizing casino gambling.Yes, gambling is indeed a huge industry that is largely growing around the arena today. For this particular reason, business organizations are actually becoming more interested in investing in gambling industries at present. For them, the said approach to business may indeed be risky, but the returns fr om the said challenging risks are all worth it. Among the business entities that were able to identify this particular truth easy the worldwide gambling industrys progress towards the future is that of the Mandalay Business Corporation.The Mandalay Resort Group has invested a $1billion business entity to establish the Mandalay Bay Resort and Casino in Las Vegas. This particular investment has actually make a great impact in bringing in a tropical resort depicted object in the middle of the wild luxurious gambling industries. This particular resort holds at least 3,700 room within it vicinities and several huge function rooms within the area which are all do for gaming, dining and entertainment options that are considered as the main life of the said resort operations.Hotels are in general establishment who accommodates people who needs housing due to traveling reason and those who are searching for makeshift residence. Since they establishments are known for