Preview

microeconomics

Good Essays
Open Document
Open Document
1675 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
microeconomics
Appendix and References
1. Consumer Price Indices

2. Income and Assets Test

3. http://www.hkdailynews.com.hk/news.php?id=277873
4. http://www.censtatd.gov.hk/hkstat/sub/so30.jsp
5. http://www.censtatd.gov.hk/hkstat/sub/so60.jsp
6. http://www.swd.gov.hk/en/index/site_pubsvc/page_socsecu/sub_comprehens/
7. http://www.poverty.org.hk/povertydata?tid=26
8. http://www.hkcss.org.hk/policy/

gfijgioerjgeignjierogioehjdjngjdfngfkdg dfgdfgfdgfdgdfgfdgfdgdfgfdgfd df gdfg fdgdf gdf gdf gfd gfd gfd gdf gdf gdf gdf gf dgdfg fdhfg jghj gj j f jf jhf h h fg hf h t ht h trh r htr h
1. Introduction (BY WONG YAT MING)

Casino is equal to all kinds of gambling properties or activities including horse-racing, dog-racing and cruise ships. Nowadays, there are about 6,224 casinos in the world. The most popular casino must be the one in Las Vegas. Besides, Cathy H.C. Hsu points that gambling has existed in Asia for many centuries and gambling has become part of daily life in many Asian cultures like India (Casino Industry in Asia Pacific Development, Operation and Impact). Many Asian governments are turning to gambling to bolster their economies, to capture taxes lost to illegal betting and to boost tourism. Why Hong Kong does not widely develop casino?

In fact, Hong Kong has the Hong Kong Jockey Club to provide horse-racing betting and football betting to the general public. However, in Hong Kong, there are some restrictions to the development of gaming, so casino cannot be widely developed. The limit land may also one of the factors to affect the development of casino. On the other hand, developing casino raises more concerns no matter on the economic and social perspectives.

Therefore, this essay aims to examine the negative impacts of widely developing casino on Hong Kong and the limitation on developing casino in Hong Kong.

2. Adolescent gambling in
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Case 33 – the Casino Industry in 2011
    • 752 Words
    • 4 Pages

    Case 33 – the Casino Industry in 2011

    Using the SWOT analysis, we can get a broad picture of the Las Vegas and Atlantic City locations. Some of the strengths of these two cities are; the variety of entertainment they offer, the accommodations available, the atmosphere delivered, and providing a benchmark of quality service expected by the customers. Weaknesses of Las Vegas and Atlantic City are that they can be heavily affected by changes in the economy and the rising numbers of competitors. As the number of competitors rise, Las Vegas and Atlantic City have lost some of their business to places that are simply closer to the customers home. This has opened up some opportunities for these casino giants to make their locations more attractive and accessible to the customers and steal back some of the lost business. One of the largest threats to Las Vegas and Atlantic City locations is that it is getting much easier for the customers to gamble without traveling far. In fact, now the customers have the ability to gamble online right from their homes.…

    • 752 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    MicroEconomics
    • 1566 Words
    • 7 Pages

    MicroEconomics

    a. The effects of a long-term capital lease on a lease are much like that of equipment purchases using installment payment debt. This type of lease transfers all the benefits and risks to the ownership is accounted for as an asset and liability incurrence by the lessee. If a lease is classified as capitalized, both the leased asset and the lease obligation are recognized on the balance sheet.…

    • 1566 Words
    • 7 Pages
    Good Essays
    Read More
  • Better Essays

    Bill Harrah And Bugsy Siegel Change The Face Of Las Vegas
    • 812 Words
    • 4 Pages

    Bill Harrah And Bugsy Siegel Change The Face Of Las Vegas

    To ensure that gaming is conducted honestly. This is accomplished by the prevention of cheating and fraud by both the casino 's customers and management.…

    • 812 Words
    • 4 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Market Equilibrating Process Paper
    • 346 Words
    • 2 Pages

    Market Equilibrating Process Paper

    When one enjoys gambling, many benefits come to a casino owner. Casino owners become very innovative in their ideas to transition customers into clients. When I travel to gamble it normally takes 3 hours to get to the nearest casino arena. Because of the distance my plans are always to stay over and enjoy the gambling scenario.…

    • 346 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Case #30
    • 871 Words
    • 4 Pages

    Case #30

    Steve Wynn followed his passion as an entrepreneur and has changed the world of gaming. He has become the most talented casino gamer the world has ever seen. His patient, the man that he became has earned him a spot in the gaming world that can never be taken away from him He chose to make a smart move by purchasing the Desert Inn, and within eighteen, weeks he closed the Inn. He developed the Las Vegas casino which is worth billions of dollars in today’s market. His brilliant billion dollar strategy plan makes him powerful to the Wynn Resorts company. This may have been the best strategy that he decided to sell the Desert Inn in eighteen weeks. Now, to take the $270 million that he earned and reinvested it into what may be now, a billion dollar company that could be considered as grand. He made his initial investment into what now the Wynn Resorts Limited public. By 2004, the investments that he made allowed the Resort to become worth billions of dollars, double his net worth. By April 2005, Mr. Wynn made an investment in his Wynn Resort in Las Vegas, which became the most expensive Resort. Its location, which stand’s on the site that the former Desert Inn once stood may be worth billions. One of three largest gaming concessions, Wynn made a wise successful bid for it in Macau. This Special Administrative Region located in China has the world largest and longest history in the gaming market throughout the world. It surpasses Las Vegas, but it became known as Wynn Macau, which opened in September of 2006, became Mr. Steve Wynn most important investment of the Wynn Resorts. The newest Wynn Resort investment began in Encore Las Vegas, in 2008. This tower of Encore Resort became a model after the heart of the Wynn Las Vegas tower, which shares the same property although…

    • 871 Words
    • 4 Pages
    Good Essays
    Read More
  • Better Essays

    RSA Exam
    • 10133 Words
    • 82 Pages

    RSA Exam

    First casino opened in Queensland Continued... History of Gambling Year 1990-91 1991-92 1995-96 1997-98 1999-00 2002 2012 Event Minor gaming introduced in Queensland Gaming machines introduced in Queensland Sports betting introduced in Queensland Keno introduced in Queensland Interactive gambling introduced in Queensland Launch of Queensland Responsible Gambling Code of Practice Australian Federal Government passes legislation for gambling reform Why do people gamble?…

    • 10133 Words
    • 82 Pages
    Better Essays
    Read More
  • Good Essays

    Control at Sands
    • 1685 Words
    • 7 Pages

    Control at Sands

    This report seeks to examine and evaluate the gaming control practices implemented in Sands Hotel and Casino before exploring the possibilities of its application in other gaming casinos and industries.…

    • 1685 Words
    • 7 Pages
    Good Essays
    Read More
  • Good Essays

    Threat of New Entries in Las Vegas
    • 287 Words
    • 2 Pages

    Threat of New Entries in Las Vegas

    New entries to the industry threaten to limit the profitability of established competitors (Porter, 2008, p.3). One luxury that commercial casinos have is that there are significant barriers to entry, namely high capital requirements. Because of this, threats to the industry have historically been few and far between. But thanks in large part to increasing popularity and technological advancement, new competition in the gambling industry has emerged in the form of Native American casinos and a rapidly growing online gambling market.…

    • 287 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Why Do Casinos Enter An Indian Reservation
    • 853 Words
    • 4 Pages

    Why Do Casinos Enter An Indian Reservation

    Casinos are what people expect to see when they enter an Indian reservation. Most people that visit the reservation have no idea why the Casinos are there and what they mean to the reservations and the Indians that live there. The Indians use the Casinos to take charge of their own economic situations; building the Casino’s are an easy way for the tribes to make money for their own sovereign nation and a way to show they have made their own rules off Federal grounds.…

    • 853 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    microeconomics
    • 3367 Words
    • 21 Pages

    microeconomics

    the CPI equals aggregate demand (AD) equals short-run aggregate supply (SRAS) equals long-run aggregate supply (LRAS).…

    • 3367 Words
    • 21 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    The Land of Labor and Luck
    • 3014 Words
    • 13 Pages

    The Land of Labor and Luck

    Gambling is the world’s second oldest industry, but in the past has been viewed in a condemning nature. Many have viewed it as immoral and destructive. The government, taking the middle ground labels it as a vice, but will allow small-scale monopolies to non-profit organizations. These constituents have conditions that state that revenues must be used for good causes and they must not over stimulate demand. (15) Commercial casinos that were first permitted, while heavily regulated to protect citizens, only allowed the wealthy to be patrons.…

    • 3014 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Swot Analysis Wynn, Ltd.
    • 388 Words
    • 2 Pages

    Swot Analysis Wynn, Ltd.

    Opportunities: Because the majority of the United States’ gambling territories are dominated by its competitors Steve Wynn decided to take his newest venture and add on to China. The city of Macao was chosen as the new location for two Wynn gambling resorts, and in the first quarter of operation Wynn Macao outperformed both of the hotels located in Las Vegas with nearly 500m in revenue. The increasing amount of wealth in China will only prove to create more…

    • 388 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Pathological Gambling-Related Disorders
    • 214 Words
    • 1 Page

    Pathological Gambling-Related Disorders

    Over the past 10 to 15 years, there has been an increase in availability of legalized gambling options in the United States and generally all over the world. As a result of this accessibility, rates of gambling participation have also increased.…

    • 214 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Better Essays

    Casino Industry Analysis
    • 2286 Words
    • 10 Pages

    Casino Industry Analysis

    Recently, Crown casino declared that it decided to spend nearly $568 million to invest a new 500-room luxury hotel in Perth. WA government agreed not to be against a request for 500 extra gaming machines and 130 extra tables which would enable the capacity of Perth nearly as same as Crown Melbourne. The Executive Chairman, James Packer, was quoted as saying “This is not a great deal for me; this is a deal where I expect my share price to go down” (Australian Financial Review). In this essay, I will list all different types of business that run by Crown and describe them. Furthermore, this essay will conduct an industry analysis of gaming sector in Australia and present performance of Crown as well as its competitors Wynn. Also, Crown and Wynn will be compared under different regulations. At last, this essay will explain why Packer will make a decision to invest this project while the share price will go down.…

    • 2286 Words
    • 10 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Macau
    • 658 Words
    • 4 Pages

    Macau

    Since the liberation of the gaming license in 2002, Macau’s GDP has increased from MOP 63,579 million in 2003 to MOP 413,471 million in 2013. Receipts from gaming and related Services increases from MOP 44, 043 million in 2004 to MOP 363,071 million in 2013 (DSEC, 2014). Macau has been widely recognized for its tourism industry, particularly in relation to gaming tourism and is fast growing as the casino capital of the world.…

    • 658 Words
    • 4 Pages
    Satisfactory Essays
    Read More

Related Topics