Analyzing Casino-Money Handling Process Essay

1243 Words Apr 18th, 2012 5 Pages
CRAM Exclusive
Essay Sample
The Buffalo News Team | Analyzing Casino Money-Handling Processes | MGO630: Mini-case #2 | Ashley BeckerZachary BradoColin CaseySamantha ChmuraArvind Thinagarajan 2/2/2012 | 1. The Drop process Drop team leader, security and accounting people deliver the buckets to hard count room [30 min/cart] Security officer and slot drop team leader obtain slot cabinet keys from casino cashier’s cage [15 min] Slot drop leader removes the drop bucket from slot machine cabinet [10 min/slot

middle of document…

Explanatory report is written.
Investigation by hard count supervisor. Explanatory report is written.
Var > (+ 2)
Var > $1000
Var > (+ 2)
Var > $1000

How long should this process take to complete for 300 silver dollar slot machines? Assume that each slot machine has an average of $750 when emptied.
Number of slot machines = 300 = Number of buckets
Number of coins per machine = 750
Therefore, Total coins = 750 x 300 = 225,000

i. Testing Weigh Scale = 10 minutes
ii. Weighing & Recording Process
* 7 minutes/bucket
* Therefore, for 300 buckets, time taken to complete process = 2,100 minutes
iii. Coin wrapping machine
* 25 coins are wrapped in each roll
* Therefore, there are 9000 rolls for 225,000 coins
* Wrapping takes place at the rate of 10 rolls per minute
* Therefore, time taken to wrap all the coins = 900 minutes
iv. Filling & Stacking [Canning]
* 40 rolls in 5 minutes
* Hence, 9000 rolls will take (45,000)/40 minutes = 1125 minutes
v. Weigh & Wrap verification report
* Time taken = 5 minutes
vi. Manual
CRAM Exclusive

Related Documents

  • Essay on Casinos Toronto Campaign

    Dispatching information that the mega-casino would cannibalize other business, as people will prefer going to the casino over to other hotels and restaurant, was a catchy bit for the business fraternity. The business fraternity took the casino issue as theirs, fighting against it passionately (Barber, 2012). This bit of information was a catch on the public since these are the issues that affect every individual in modern cities; the idea that a business that will worsen these issues is

    Words: 838 - Pages: 4
  • Analyzing the Entrepreneurial Process in the Health Care Industry

    is the result of an active and changing process linking social networks besides optimistic economic and officially authorized activities that reduces operational costs and promote entrepreneurship (Blair 167). Nevertheless, the process of entrepreneurial has been reviewed and the knowledge impacted in the management scheme of work or studies. For instance, Hisrich, Peters and Shepherd (2005) study found that the entrepreneurial process entails: (1) process of change or progression of the business

    Words: 856 - Pages: 4
  • Casinos Impacts Australia Essay

    number of international visitors visiting casinos has increased by approximately three thousand visitors. The Casinos and the Australian Economy (2009) has concluded that these international visitors would have spent $4.9 billion in total, or an average of $4940 per tourist on gambling. The average tourists who travel for the purpose of gambling would have spent approximately $2310 more than the average international tourists who are non-gamblers (Casinos and the Australian Economy 2009). It is evident

    Words: 1882 - Pages: 8
  • Essay on Casinos on Indian Reservations

    It is sovereignty that has allowed Indian tribes the opportunity to conduct casino style gaming, and it was Congress that responded by regulating casino gaming on Reservations by passing legislation. On October 17, 1988, Congress passed the Indian Gaming Regulatory Act (IGRA), which recognized the rights of Indian tribes in the United States to establish gambling and gaming facilities on their reservations in hopes of promoting economic development, so long as the state already had some form of

    Words: 2994 - Pages: 12
  • Pros and Cons of Building a Casino in Your Neighborhood Essay

    “opportunity cost” in our everyday lives. The Casino in downtown Buffalo will drain money from the city and local businesses will be affected by the advancements of the casino. The casino is looking to expand to a high class resort that will have room availability and food/beverage. The negative aspect is that the people that enter the casino will not leave to go out to local restaurants or hotels and spend dollars in the all ready weakened Buffalo economy. The casino will provide jobs, the jobs will be

    Words: 1387 - Pages: 6
  • Essay on Power Is Money; Money Is Power

    Money and power do not just apply to college. A child who has a wealthy family is going to have an easier job getting good grades. One of the main reasons is that the parents probably got a good education and know how important education is in life. Most likely, the child will have an encyclopedia and a computer which will make it easier for the kid to get better grades. In many cities throughout the United States, safety is a big factor in peoples' lifestyles. Families with money can afford

    Words: 609 - Pages: 3
  • Handling Conflicts Essay

    not a sustainable way of handling conflicts, as conflict is bound to occur when the weaker becomes the stronger at a given time. Competition occurs when each party to a conflict tries to maximize its own gain and has little interest in understanding the other party’s position and arriving at a solution that will allow both parties to achieve their goals. Competition can actually escalate levels of conflict as each party tries to outmaneuver the other. As a way of handling conflict, competition is

    Words: 1013 - Pages: 5
  • Essay on Lord of the Flies: Handling Injustice

    appreciate others challenging him, by “daring them to contradict” when he tells that he will exceed expectations next time. An insecure individual would not make these high ambitions for himself. Profuse poise that he possesses affects Jack with handling this situation of wrong accusations with his head held high. With certainty that he completes each task to the best of his abilities, Merridew does not appreciate criticism when he is working hard. Perfection is a state that Jack will stop at

    Words: 974 - Pages: 4
  • Case 33 – the Casino Industry in 2011 Essay

    focus more on picking families up and bringing them in as well. Often a family will travel on only one major vacation per year. Why not have that location be a city that just happens to have gambling. Additionally, MGM Mirage should be the poster casino for revenue. Las Vegas and Atlantic City have to get further away from the focus of gambling and make

    Words: 752 - Pages: 4
  • Analyzing the Shawshank Redemption Essay

    you feel like you were escaping your own life, as well as were there any scene’s that were censored. For genre we will go over which category of genre the film fits closest in and why. For analyzing this film the question to be discussed is “What approaches to analysis seem most appropriate to use when analyzing the film? (formalist, contextualist, structuralist, auteurist, realist, generic)?” (Goodykoontz, & Jacobs, 2011 Ch. 10). Storytelling The narrative structure of the Shawshank Redemption

    Words: 3139 - Pages: 13