Beruflich Dokumente
Kultur Dokumente
By
Andrew Fischer
Jordan Hatch
Kirstie Frydenlund
Thao Nguyen
1. Industry overview, based on library research (include work cited section at the end):
The casino and resort industry in the United States is a mature industry with a total of 296
businesses involved. The industry’s annual revenue is estimated at $43.6 billion; with annual
profits estimated at $3.1 billion. From 2005-2010, the average annual growth for this industry
was calculated at -2.1%. However, it is forecasted to grow in a positive 3.7% in the next 5 years.
With revenue of $43.6 billion as of August 2010, approximately 66% is derived from gaming
tables and slot machines, while 33% is derived from accommodation, food, beverages and other
merchandise sales. Slot machines reportedly generate twice the revenue of gaming tables,
although table games are the most attractive to high stakes gamblers. According to the major
market segmentation from 2010, 70% of gamblers are domestic while 30% are international high
stakes gamblers. Harrah’s conducted a survey in 2007 that revealed typical casinos players were
marked to be middle aged, and more likely to be male than female.
Three major players of the industry in the U.S. are: Harrah’s Entertainment Inc (claiming 15.6%
market share), MGM resorts International (8.1% of the market share), and Las Vegas Sands Corp
(3.6% market share).
Works Cited:
Samadi, Nima. 72112-Casino Hotels in the US. IBISWorld, August 2010. September 25, 2010.
< http://www.ibisworld.com/industryus/default.aspx?indid=1662>
X
Supplier Power Supplier power is low, since these casinos require a
large volume of everything, from game machines, game
tables, to utensils, chairs, coins, etc. These supplies can
be found at various places, so the casinos are the ones
having power on which supplier to buy from. They also
have the bargaining power against the suppliers.
X
Threat of The uniqueness of locating in Las Vegas causes the
Substitute threat of substitutes to be minimal.
Products or Possible threats could be online gambling, sports
Services betting, horse racing, local casinos, and specialized
performances.
X
Threat of New The capital requirement is high.
Entrants Brand Identity and recognition is high.
Many of the casinos have connections with each other
and are owned by the same people. These people have
been in the industry long enough and will have the cost
advantage on the new incomers.
The rules/regulations/ governmental codes for Nevada
could make it difficult to start a new gambling business.
http://www.montecarlo.com/ http://www.binions.com/
Web Site’s URL
Option to change
language
Animated
background
detracts from
presentation
Hard-to-read
color scheme
www.luxor.com www.hardrockhotel.com
Web Site’s URL
Site’s Purpose
Casino name is
Events and specials are hard to identify
hard to identify at bottom
of the page Lack of active
white space
INSC 20263 -- Project Proposal – Page 7
Wynn Las Vegas Casino Royale Casino & Hotel
Company Name
http://www.wynnlasvegas.com/ http://www.casinoroyalehotel.com/
Web Site’s URL
Active
white space
Professional picture
appeals to target
audience immediately
http://www.venetian.com/ http://www.goldennugget.com/
Web Site’s URL
Site’s Purpose
Reservations
can be made
online
Moving
slideshow and
animated
graphic are
fighting for
user’s attention
Competitor’s name and URL of the How (what features?) are What are their most What are their most
web site they using on the web? effective or unique ways ineffective ways of using
of using the web? the web?
They have the ―make They have a button to Although the buttons are
reservations‖ tab on the change the language to 4 easy to locate, they could
Luxor- Las Vegas home page, the others than English, which also be bigger and in a
photographs don’t cover makes this website color that stands out
the entire page and there is internationally available. more, there could also be
www.luxor.com enough active white space. They also included the more pictures related to
The color scheme tends to technology aspect with the each of the events, and
go towards the warmer Iphone app that’s available. the Iphone app could also
colors representing power. The buttons are easy to find have a direct link to
and information is easily iTunes instead of the
located. apple store.
Luxor 2 2 3 1 1 1 10
Las Vegas
Monte Carlo 2 1 1 2 2 1 9
Las Vegas
Wynn 1 3 1 1 1 5 12
Las Vegas
Venetian 1 2 2 1 2 4 12
Las Vegas
Site Appearance The colors are all warm colors and appeal to the power and active site, there are
no obnoxious colors to deter you away from the site and all the pictures are of
professional quality, but there could also be more pictures from all of the events
shown and activities listed.
Reservation on There is a reservations button on the home page, which lets you check
home page? availability and see prices compared to which room you would want and how
many nights. They also offer an air/hotel packaged rates available for
convenience.
Services offered? The services offered are of wide extent and give you option to satisfy everyone’s
taste. There is an entertainment page which lets you see what is currently going
on and a button to buy tickets right on the page. There is also an amenities and
nightlife tab which gives offers and shows what the hotel offers for its guests.
Different languages The Luxor offers a button on the home page to enable its users to change the
offered? language from English to French, Spanish, Japanese, Dutch, and Italian. This
opens up the line of communication, making this website not only available to
Americans but enticing people internationally to come and gamble in Las Vegas.
Site Appearance Unifying theme of black and gold throughout the whole site. Center aligned with
excellent graphics. Content well lay out with enough white spaces in between.
Reservation on Room reservation bar is right under the main navigation menu. Very easy to
home page? navigate and understand. Updated information on room rates and reservations.
Services offered? Broad range of services offered such as rooms, restaurants and lounges, casinos,
entertainment, spa and salon, shopping, pool and amenities, and meetings.
Different languages Yes. The web page offers language changing on the top right corner. Languages
offered? offered include: English, Spanish, French, Dutch, Italian, and Japanese.
Website Content The content on this website is extremely inclusive by offering pictures,
information, and guided video tours about every service offered by this casino
resort.
Ease of Navigation Ease of navigation is average because while the content is thorough, it is
presented in a manner that is hard to obtain. The moving navigation bars makes
the user ―chase‖ desired information around the page.
Site Appearance The site appearance is excellent, with a consistent and appropriate color scheme,
easy-to-read text, active white space, and pictures that appeal to the target
audience.
Reservation on This website allows the user to check room availability easily as the reservation
home page? information is running along the top of the screen.
Services offered? This website includes easy access to every service offered by Wynn:
Rooms, dining, entertainment, clubs, specials, spas, salons, casinos, weddings,
shopping, golf, meetings, and job opportunities.
Different languages This site does not present the information in any language other than English.
offered?
Website Content The website offers information about hotel and casino. This includes reservation,
shows, casino information, and other amenities.
Ease of Navigation It is very easy to access all of the links on the website. (i.e. if a user wants to
make a reservation, they simply have to click reservation on the home screen and
they will be directed to the dates and fares.
Site Appearance It uses many colors and hardly takes up any blank space. It may be slightly
clustered, but the layout is very organized for the amount of information on a
single page.
Reservation on The room reservation link is one of the first links listed on the home page. It
home page? takes one click to get from the homepage to the dates and price calculations.
Services offered? Of all of the websites that were studied the Venetian has the largest amount of
services offers. Virtual tours, dinning, entertainment, room availability, and
gaming are each available in depth with their own link.
Different languages There are only two languages offered, however they are two of the top used
offered? languages in the world (English and Chinese).
5. The industry’s strengths and weaknesses in regard to the effective use of the web?(at least 3
each)
Strengths Weaknesses
1. Offers a variety of languages to promote 1. Small and unattractive buttons make it
international visitors. harder for the customer to find what they
are looking for on the website.
2. Online reservations make it easier for
customers to book in advance, and save 2. Too high-tech for aged customers with
them time and money while not having to built in flash applications, moving graphics
use a travel agent. and slide shows and links to social
networking websites
3. List services offers; room types, shows,
discounts/specials, upcoming
entertainment, restaurants. 3. Unrelated and distracting music that plays
in the background, which detracts from the
4. They target their audience very well using overall presentation.
images and applications to attract potential
customers.
i. What type of information would you recommend they add to their websites?
Show times and show reservations should be placed on the website. We noticed some of the
websites have advertisings for show on it, only a few have show times posted and none of the
website has show reservations online. This won’t be the necessity of the website, but it would
make the hotel/casino much more attractive to visitors if they do not have to call to reserve
shows.
We would also recommend placing more promotions on the websites. Promotions and
special prices stay packages, or game prices etc. would be the most attractive factor for
customers when choosing a place to stay and play. Some of the promotions and advertisings
make customers to sign up to be able to receive the discount; this discourages the customers
more from wanting to stay at the hotel.
Less animation would be the modification that many websites need to make. The industry is
about entertainment and having fun. That is why many of the websites has music and many
animations on it. These music and animations not only distract the audience from the main
central point the webpage wants to deliver, they will annoy some audience, mainly the elder
portion of audience.
Limiting the number of advertisements for other casino on the home page would help the
individual casinos business. Also, the average age of gamblers is around 46 and while the
websites might be appealing to the younger audiences, not capturing the average age could
actually be hurting their business.
7. Name of the company that you propose to create and its geographic location:
Our team would like to create Ricchezza Casino and Resort, located in Las Vegas Nevada,
which is in the gambling resorts and casinos segment of the leisure industry.
Ricchezza Casino & Resort will reside on the luxurious Las Vegas Strip. Ricchezza will
cater to men and women all over the world of gambling age in the middle and upper income
brackets. Ricchezza will focus on providing customers with a cultured experience as they gamble
on 5 different floors—each with a separate and distinct theme. Each themed floor will inhabit its
own restaurant, night clubs, entertainment shows and hotel suites that fit that theme. Because
two-thirds of casino and resort profits come from gaming tables and slot machines, a greater
emphasis and larger floor space will be set aside for the casino business rather than hotel
accommodations and secondary attractions. The first floor of the building will be mainly slot
machines and low-budget rooms. Each level progressively gets ritzier and more expensive—with
table games catered to the specific audience targeted. The fifth, and highest floor, will contain
mainly poker tables for high-stakes gamblers. This floor will feature a restaurant with
unsurpassed quality, 5-star hotel accommodations and high-ticket entertainment and VIP night
clubs for our most exclusive and wealthy customers—no detail will be left unattended.
The goal of Ricchezza Casino & Resort is to bring innovation and freshness into the
leisure industry. There are services and products made available to a broad market of customers
as Ricchezza is committed to customer service and satisfaction. It is felt that middle-class
citizens are under-served on the Las Vegas Strip, which drives Ricchezza to capture a large
market share in this sector through the first two levels of the building being marketed to price-
sensitive consumers. Through world-class customer care, outstanding products, and unsurpassed
attention to detail, Ricchezza is committed to capturing the largest section of market share in the
Las Vegas Strip resort and casino industry.
8. Determine which of Porter's Three Generic Strategies you will use as you build your company
for the 21st century. Explain your answer.
Ricchezza will be built using Porter’s Differentiation Strategy. This is because Ricchezza
is aimed at a broad market that involves creating a unique service to the industry. There is no
other casino and resort on the Las Vegas Strip that accommodates such a variety of consumer
based on income levels and taste preferences. This allows Ricchezza to earn a brand image that
will inspire customer loyalty as consumers receive customized experiences at their stay in Las
Vegas. Typically, gamblers in Las Vegas are not price-sensitive and this market is very
competitive and well-saturated. Lower-income customers are underserved with the over-
production of expensive casino resorts while higher-income customers are known to try a new
state-of-the-art facility. Ricchezza is a firm that can satisfy these very diverse needs in an
innovative way that is hard to copy.
A. Company web site’s target audience – who will use the website (internally and externally), for
what purpose and where are they located geographically?
Ricchezza’s website will be focused on advertising services to our audience. The website
will thoroughly describe the amenities and features offered on each level of the building to
inform the global customer base with text, pictures, virtual tours and interactive interfaces. The
website will also offer easy access to check room availability and reserve rooms. The website
will also offer easy access to live customer service care, where customer care representatives can
help the customer create an entirely specialized package including hotel rooms, entertainment,
night clubs admittance, dining reservations, and more. Lastly, the website will allow potential
employees to apply for careers and current managers to review the applications and
questionnaires filled out.
The primary use of Ricchezza’s website will be both informational and transactional. The
main objective is to provide customers information about the services offered. However,
transactions will take place as customers contact representatives through email or live chat,
reserve rooms, and apply for careers.
The home page of Richezza’s website will offer easy access to live customer care and
hotel reservations. In addition, there will be a page dedicated to each floor of the casino resort
that will include pictures, thorough descriptions of the theme, virtual and video tours, and the
unique services (restaurant, attractions, entertainments, hotel accommodations, gambling, night
clubs, etc) that inhabit that floor. Pages will also be dedicated to company information (―About
Us‖), potential employees (―Careers with Ricchezza‖), and customer service (―Contact Us‖).
c. Is the website primarily for B2B (business to business) or B2C (business to consumer) or
both? Justify.
Ricchezza’s website is primarily business to consumer, because we are tailoring the entire
web experience straight to our customer for their knowledge and convenience.
D. How can an eBusiness strategy help your company attract customers and increase sales?
Ricchezza will display advertisement for discounts to stay, play and eat on the lower levels of
the building. This will help create incentive for lower-income customers to come which will
increase our customer base and revenues.
Our Live Chat feature helps each and every customer with questions they may have. Our 24-
hour online customer care can also conveniently plan an entire trip for the customer at the
comfort of their own home, at any time of the day, for no additional charge.
Ricchezza’s website could attract new suppliers like entertainers, gambling service providers,
and food services. Potential suppliers would have easy access to contact information.
Because the website is interactive and transactional, managers will have the capabilities to
read resumes and questionnaires completed by potential employees. This will help aid the entire
recruitment process.
A kiosk in the entry of the business, as well as on each floor near the hotel accommodations,
could help customers navigate the building, the Strip, the city of Las Vegas, answer FAQ, and
contact customer care.
I. What types of metrics would you want to track on your eBusiness Web site? Be sure to justify
your answers.
The metrics needed in order to track Ricchezza’s eBusiness would include, but may not be
limited to, website traffic, number of reservations made, clickstream data, number of resumes
submitted, number of employees hired from online recruitment, number of trips planned through
customer service, number of customers contacting customer service, and percentage of questions
accurately and thoroughly answered using the Live Chat feature. Website traffic is important to
monitor to know if the website is being used. The number of reservations made online is needed
to make sure that this feature is needed and accessible. Clickstream data can tell the business
how much time is spent on each page, which pages are being viewed the most, and what order
they are being viewed in. The number of resumes submitted is important to know how much
time managers should allot to take time in reviewing the submissions. The number of employees
hired from online recruitment can indicate how effective online recruitment is to the growth of
the company. The number of trips planned through customer service can forecast future sales
predictions and indicate how many customer sales representatives will be needed to help
customers. The number of customers contacting customer service is imperative to know how
many customer care personnel to staff, and what times of the day/week are busiest and require
the most representatives. Lastly the percentage of questions accurately and thoroughly answered
using the Live Chat feature can tell managers which customer care representatives are most
efficient with helping customers solve problems. This is an important metric to know the level of
customer satisfaction.
Select a
Language icchezza ROOM
RESERVATION
Casino & Resort
Virtual tour
Floor 3
Floor 4
Floor 5
(main content- background picture)