|
|
|
Buying a Home Theater Receiver
Buying a receiver is one of the most important decisions you're going to have to make when building your home theater. The receiver has a number of functions including; connecting and switching audio sources; connecting and switching video sources;...
Fun Kid Party Balloon Games
Here are some kid party balloon game ideas your kid and his/her guests will love!
Have lots of prizes for the winners.
These games are best played outdoors!
"Easy Teams" The kids have to line themselves up from shortest to tallest - BUT...
How to improve your odds of winning the lotto by millions.
Odd or Evens in Powerball and the Megamillions lottery or How to improve your odds of winning the lotto by millions. One factor to consider in picking your Powerball or the Megamillion lottery numbers is the ratio between the odd / even lotto...
Virtual Casino Games
Looking to find out what kind of games can be found at a virtual casino? Look no further because here we give you an overview of virtual casino games as most commonly played on the internet today. There is an endless list of games available, and...
Why TV poker can make you wealthy!
There’s an awful lot of poker on the television these days. If you wanted to you could probably watch poker on the TV almost round the clock and the big events like the World Poker Tour and the World Series of Poker receive massive coverage. Poker...
|
|
| |
|
|
|
|
|
|
Casino business basics
Like any other enterprise, casinos focus on profit. However, their undertakings are varied and diverse than any other organization. The various activities in which a casino indulges include gambling, restaurants, hotels. Gambling in itself is quite complex comprising of various card games, machines and table games. The conversion of money to chips, given the large inflow of cash and the threat of thefts, is an art in itself. Apart from all this there is a lot of manpower involved. Being a licensed body, it is subjected to tax as well. To add to all this there is periodical auditing which determines the continuance of the license. Thus, opening and monitoring a casino requires a lot of homework to be done.
Every casino, like any other organization, has a hierarchical structure. The top position in a casino can be of the owner or the Board of Directors. Generally, the casinos have some lower managers to take care of the various operations of the casino. These include the Manager of Finance, Manger of Food and Beverages, Manager of Casino Operations etc. the number of departments and managers depends on the size of the casino and the range of activities undertaken by it. Due to the huge cash flows, the accounting department of the casino is distinct from other departments. It has its own structure comprising of five levels which includes the clerks, cashiers, vault employees, financial managers, accountants and internal auditors.
An important aspect of the gambling world is law. Information regarding controlling bodies and legislations are very important while administering a casino. These enactments and regulations provide licensing procedures, gaming rules etc.
Like all other enterprises, accounting forms an integral part of the
Casinos. Accounting, here aims at proper and exhaustive recording of all cash flows, prevention of theft while recording these transactions and analyzing the data for decision making. Fulfillment of all the above objectives is quite difficult as all the transactions are reported once a day and the bulk of this transaction is enormous. Fair accounting helps in an effective cost profit analyses of the casino, thus leading to better decision making. The revenue generated through the casino is an important source of income for the government. Tax acts as, both, a deterrent for gambling a source of income. Tax is imposed at the federal as well as the state level.
The accounting process of the casino is evaluated by means of auditing. While regular internal audits are important, statutory audits are also conducted by gaming control agencies. Internal audits primarily help the casino to prevent cheating. Fraudulent activities can cost a casino its license, not to mention the goodwill and customers. independent auditors check the functioning of the casinos, especially when the casino trades publicly in stock. Most of the financial activities of the casino involves certified public accountants.
Casinos are nowadays diversifying and evolving. Nevada and New Jersey are now becoming famous holiday spots for all and are no more mere gambling hubs. This diversification can prove to be profitable for the business only when the owners and proprietors are well aware of their decisions and their implications. Hence, thorough knowledge and information is a pre requisite for any profitable casino.
About the Author
Mansi gupta writes about. casino business Learn more at http://www.casinobusinessnotes.com
|
|
|
|
|
| AddictingGames — Free Flash and Java Games |
| A very large collection of free Flash and Java games in numerous categories. |
| www.addictinggames.com |
|
| Yahoo! Games |
| Internet gaming community offering free multi-player games, downloadable games and games clubs. Also news, reviews, demos, ratings, and cheats. |
| games.yahoo.com |
|
| Play Free & Fun Online Games – Card, Strategy, Word & More |
| Welcome to Games.com, the best place to play free online games. Play arcade, board, word, card, and casino games, plus community gaming forums. |
| www.games.com |
|
| Miniclip Games - Play Free Games |
| Play Free Online Games, sports games, massive multiplayer games, action games, puzzle games, flash games and more. |
| www.miniclip.com |
|
| Free Games Online at Shockwave |
| Play free online games, game downloads, and multiplayer games. |
| www.shockwave.com |
|
| MSN Games - Free Online Games |
| Play the best free games, deluxe downloads, puzzle games, word and trivia games, multiplayer card and board games, action and arcade games, poker and casino ... |
| games.msn.com |
|
| Welcome to PopCap Games - Fun, Free, Addictive Games |
| PopCap Games, creators of Bejeweled, Bookworm and other addictive free online games. |
| www.popcap.com |
|
| Open Directory - Games |
| Business: Consumer Goods and Services: Toys and Games (329); Kids and Teens: Games (3638); Recreation (116762); Science: Math: Recreations: Games and ... |
| dmoz.org |
|
| Orisinal : Morning Sunshine |
| Collection of Flash games, designed by Ferry Halim. |
| www.ferryhalim.com |
|
| FunBrain.com - The Internet's #1 Education Site for K-8 Kids and ... |
| FunBrain is the #1 site for online educational games for kids of all ages. (math, grammar, science, spell, history) |
| www.funbrain.com |
|
| PrimaryGames.com - The Fun Place to Learn! |
| Free educational games for elementary school students. Also offers interactive story books, musical postcards, coloring pages, and stationery. |
| www.primarygames.com |
|
| Games.net - Gaming Community, news and reviews, Video Game FAQs ... |
| Games.net delivers an immediate interactive experience to users who crave instant access to multiple levels of gaming content, including; blogs, ... |
| www.games.net |
|
| Find Free Online Games and other fun games at Pogo.com |
| Find Free Online Games, puzzle games, word games, and other games online at Pogo.com. |
| www.pogo.com |
|
| Welcome To GAME Stores Group |
| GAME The next level. Buy games from the UK's largest game retailer. |
| www.game.co.uk |
|
| Play free, fun online games - Yahoo! Kids |
| Games for kids including chess, checkers, and dominoes. |
| yahooligans.yahoo.com |
|
| Yahoo! Video Games - Video Game Demos, Cheats, Reviews, Previews ... |
| Find all the latest video game news, demos, videos, reviews, previews and cheats. Get the lowdown on the newest consoles and game releases. |
| videogames.yahoo.com |
|
| Slashdot: Games |
| In non-geek, this means that the game is finally at a point where EA ... The excellent games coverage at the San Jose Mercury News site offers up a gamers ... |
| games.slashdot.org |
|
| Kids Games |
| Descriptions and rules for dozens of traditional children's games, including indoor and outdoor activities, playground games, and jump rope rhymes. |
| www.gameskidsplay.net |
|
| Times Online - Games |
| Slim and portable. A great gift. Buy The Times Su Doku Board Game by calling 0870 160 8080 or click here to buy online ... |
| www.timesonline.co.uk |
|
| EA - Action, Fantasy, Sports, and Strategy Videogames |
| Official site. Includes game information, screenshots, and a newsletter. |
| www.ea.com |
|
|