Foxwoods (gambling)
There are many reasons why people gamble and what the advantages and disadvantages are of risking your bank account on the roll of the dice or the luck of the draw. I originally set out to try and explain why people gamble, but I realized that gambling is just as much of a business or industry as anything else. I researched Foxwoods casino, in CT, and the business behind that. From there I will attempt to explain the “cause and effect” of gambling. Gambling has made much more sense to me now, and I hope it will do the same for you.
Foxwoods resort casino, the largest of its kind in North America and most profitable casino in the world, got its start with the advent of a bingo hall in ...
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story hotel and a $200 million museum. The tribe also plans to build an Asian theme park, with a monorail and replica of China’s Great Wall, golf courses and a campground. Already, the tribe has built a community center, a child development center and new housing for their tribal members.
Their staggering profits have removed the Tribes worries about paying college tuition and health insurance. In addition, all tribal members receive a yearly bonus if they stick to a strict education and work incentive plan that basically consists of “no school, no money.” Members are guaranteed casino or reservation employment, and all their health care, child care and educational expenses are paid for from kindergarten through graduate school. Foxwoods president and CEO G. Michael “Mickey” Brown has been quoted as saying, “Gaming is the economic engine that is going to take Native American tribes into the 21st century.”
Foxwoods employs 11,000 workers in a region hit hard by defense ...
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330 – room hotel nearby.
The pact between the State of Connecticut and The Mashantucket Pequots gave the Pequots the exclusive right to operate slot machines. This was amended on April 25, 1994, when the State, the Mohegan Tribe, and the Mashantucket Pequot Tribe singed an agreement that allowed the Mohegan tribe to operate slot machines.
Part of the allure of the pact for the State of Connecticut stemmed from the Pentagon cutbacks on defense contractors. The defense contractors did not take the offers of direct aid to help with diversity and to save jobs, so there was a need for diversification.
As part of the agreement, the tribe gives the state 25% of the annual ...
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"Foxwoods (gambling)." Essayworld.com. Essayworld.com, 10 Feb. 2008. Web. 27 Apr. 2024. <http://www.essayworld.com/essays/Foxwoods-gambling/78822>
"Foxwoods (gambling)." Essayworld.com. February 10, 2008. Accessed April 27, 2024. http://www.essayworld.com/essays/Foxwoods-gambling/78822.
"Foxwoods (gambling)." Essayworld.com. February 10, 2008. Accessed April 27, 2024. http://www.essayworld.com/essays/Foxwoods-gambling/78822.
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