¶ … 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...
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