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¶ … strategy successful?
The sudden resurgence experienced by the Primm Valley Casino Resorts is based entirely on the recreation firm's response to natural market behavior. As its own executives reveal in the article by Medina (2011), it was only when they observed the rising popularity of the casino with a growing Hispanic population that the Casino decided to go all-in on a strategy of Latino courtship. By responding to natural market behavior rather than attempting to shoehorn the casino to fit expected demographic responses -- as had been done somewhat unsuccessfully with country music fans and retirees -- the casino town has seen a natural response of interest by this inherent target group.
This kind of responsiveness is surely at the base of the firm's success. Moreover, the change in strategy represents a departure from conventional logic in the industry. As the article by Medina reports, "People have always said things like, "That demographic doesn't gamble," said Jay Thiel, the vice president of casino operations, who has worked in the industry for more than 30 years. 'But we looked around one day and realized that that's who was here. We had no idea how wrong that idea was.'" (Medina, p. 1) By being among the first in the industry -- and particularly...
As noted here above, the casino chain has become the first in its region to employ tactics designed to capitalize on a very distinct and loyal demographic. Namely, the use of Spanish-language signage, table-game instructions and marketing materials has helped to direct the attention of the Hispanic community to the casino town. Additionally, offerings such as Spanish-speaking dealers, popular Latino concert musicians and a facility that generally embraces the cultural practices of the American Hispanic community all create a sense that this demographic has been made especially welcome. The result has been a highly successful reinvention of the resort as a destination for a specific market segment.
Another principle which applies to this case is that of influence. Here, it can be said that the casino…
Catholic church and public policy have remarked that the members of American clergy in general, without even excepting those who do not admit religious liberty, are all in favour of civil freedom; but they do not support any particular political system. They keep aloof from parties, and from public affairs. In the United States religion exercises but little influence upon laws, and upon the details of public opinion; but it
profit through investing on Stock Market Generally, all over the world financial markets exemplify a state of intricate and inscrutable situation. These marketplaces are of immense significance in the western nations, where the constituents employ their expertise to invest and generate profit whilst formulating a pool of funds, statistics, derivatives, shares and calculation intricacy. These constituents or elements are those investment maestros who are the whole and sole performers of
57 Spillover Effect on the Stock Market and Bond Prices in Relation with GARCH Abstract This study examines the spillover effect between bond and stock markets in the U.S. using GARCH. The finding of a unidirectional spillover flow from bonds to stocks in the U.S. is discussed in the light of new marketplace variables that have been introduced into the markets in the previous decade. These variables include the rise of HFT, algorithm-driven
In other respects, however, the evidence does not readily conform to theoretical predictions. For example, if gross job turnover is taken as a rough proxy for labor market flexibility -- and since stringent EPL reduces both hiring and firing -- it is quite surprising to find that job turnover rates are very loosely related to EPL rankings. Most remarkably, not only are the estimates for Italy and France, at