Grocery market in UK

Grocery market in UK INTRODUCTION It is a fact that the last couple of years most of the industry and service sectors worldwide have lost their reliability on customers confidence. Fortunately, lately there have been some significant efforts by some industries mainly with the help of their major players (larger companies), to get back to the game. The industry sector that we are going to analyse is the food industry retailing in the United Kingdom. In order to help the simple reader to have a taste of what are the situations that occur inside the sector, we will provide some significant informations about the size of the sector, the general activities taking place in it, statistics and forecasts and generally as many informations as we can to help him understand whats happening inside the sector. Size of the grocery market in UK The calendar year 2009, the grocery markets value was  £146.3bn, an increase of 4.8% concerning 2008. For every  £1 of food and grocery expenditure , 52p goes for retail accounts for in every . 21p in every  £1 spent in food grocery is spent in convenience stores. Number of grocery stores in the UK The number of grocery stores in UK is 92,796. There are split into four main sectors, which are defined as followed : 1. Convenience stores: These are stores with less than 3.000 sq ft sales area. They are open for many hours during the day and their selling products that have at least eight different grocery categories, (e.g Co-operative Group, Londis, SPAR). Traditional retail: These stores have less than 3,000 sq ft sales area.This includes newsagents (selling confectionary, newspapers and tobacco), specialist off-licences,specialist grocers, food specialists (chains of bakers, health foods,butchers, etc.) and independent specialists. Hypermarket, supermarkets superstores: In this category, we have the Supermarkets which have sales area of 3,000-25,000 sq ft ,Superstores with sales area over 25,000 sq ft and Hypermarkets with over 60,000 sq ft sales area. All of them are selling a broad range and a variety of mainly grocery items. Non-food products are also sold in those stores (eg Tesco, Asda). Online channel: Here we have the category of sales via internet. We must mention the fact that approximately 70% of sales are made in superstores and supermarkets. The remainder majority is accounted by convenience retailing, with traditional small retailers that account for only 7% of sales. Table 1 provides a breakdown by category. Table 1 UK Grocery Retail Sales by Category, 2009 value % food and drink  £ 91.6 bn 62.6 % tobacco  £ 16 bn 11 % non-food grocery  £ 23.5 bn 16.1 % non-grocery  £ 15.2 bn 10.3 % Total retail sales through UK grocery outlets  £ 146.3 bn source: IGD Grocery Retailing 2009 As we can see from table 1, food and drink are by far the category that is consumed more by the public. What is really interesting and for that reason we provide Table 2 is the increase of non-food grocery category by the amount of  £6.5 bn (38%) from 2005 to 2009. It is also very important the fact that there has been a general increase of the total retail sales through UK grocery outlets by 21% in that period of time. UK Grocery Retail Sales by Category, 2005 value % food and drink  £ 78 bn 65 % tobacco  £ 12 bn 10 % non-food grocery  £ 17 bn 14 % non-grocery  £ 12 bn 10 % Total retail sales through UK grocery outlets  £ 120 bn source: IGD Grocery Retailing 2005 Value of sales Continuing the above, we add the fact that through grocery, outlets have increased by 3% per annum in real terms over the last 10 years. This growth reflects rising non-grocery sales and higher average spend (i.e. better quality or ‘premium food, more convenience purchasing etc). UK Grocery Market Performance Grocery market performance. Source: IGD Research 2009 As we can observe from the diagram above, year by year there has been an improvement on the UKs Grocery Market Performance. Some of the multiple reasons that we present here is first the fact that demand and technological trends have reinforced each other. Larger stores with a wider product variety and range have encouraged customers to make larger and less frequent shops. Also, the technological improvements (i.e. checkout scanning, stock control, longer shelf-lives, fresh produce) have further reduced the costs and attracted consumers. Loyalty card schemes have indeed given retailers a new insight into consumer preferences as well as managed to enable them to get more involved into product development. Aggregate Market Share The diagram below shows the larger groceries in UK, according to their share in the domestic market. Tesco currently has a steadily and commanding increasing of slightly more than 30 % share of the non-convenience grocery market in the UK. During the 1990s, Sainsbury and Tesco enjoyed analogous market shares (of 20 to 25 %), however Sainsbury has lost a lot of ground since. Number of employees Employment in food drink retailing exceeded the number 1.2 million of employees in December 2009. This number aproaches almost 5 % of the employees in the UK. Over 60 % of the employees were either part-time or female employees (45 % were both female as well as part-time occupied). Profit Margins Supermarket profit margins range typically between 2% and 6%. According to Food Industry News, (just-food.com, 2010), the beginning of 2010 for the UK grocery retailing group were much improved in comparison with last year. More accurately, there was a 4% rise on grocery sales in relationship with 2009. Group revenue from ABFs (Assosiated British Foods) continuing businesses was 17% ahead of the same period last year. The matrix below shows the sales and the profit margins for the year 2009 for the UK retailers. source: DTI Added Value Scoreboard 2009 Forecast Circumstances look set to remain really challenging for retail throughout 2010. Verdict is forecasting growth of just 1.3% for 2010, the second smallest growth rate, following 2009. Verdict is predicting a low growth in retail sector over the next couple of years, as the impact of the recession continue to be felt by customers. Food inflation continues to ease in Q1 2010, at 1.7%, compared to 8.9% in the same period a year ago. Inflationary pressures are subsiding due to falling commodity prices, less seasonal price fluctuations and price competition within the sector. In fact, we are forecasting food inflation of 1.9% for the year, down from 4.4% in 2009. Major Challenges Establishing an Online Grocery One of the major challenges that food retailing industry is dealing with nowadays is the online grocery market. The Internet grocery market is an extension of the home-shopping philosophy. It is a sector that has already demonstrated considerable growth and that promises further substantial increases in the future. Online grocery sales in the UK are expected to double by 2014, according to researchby industry analystsIGD (just-food.com, 2010). Internet sales across many product sectors have achieved and continue to achieve high annual growth rates in the UK. Indeed, consumers passion for and propensity towards purchasing items online show no sign of abating. Last year, 13% of adults shopped online for groceries an increase of 63% on 2008, according to the IGD data. UK consumers will spend GBP7.2bn on food and grocery shopping online by 2014, nearly double the figure for 2009, IGD supports. For retailers, the online option provides a new channel through which to sell their products, display a wide range of items to their customers and develop their share of what continues to be one of the fa stest-growing sectors of the grocery market. Internet grocery, offers to the consumer, a variety of options and a number of advantages: It enables them to view a wide range of products, to compare prices and to arrange delivery at a convenient time. From the moment that these options and these benefits are appeared to the consuming public, a necessity is created for the food retailing sector and more specific for the large supermarkets to respond to this major challenge. The Internet or online grocery market in the UK is dominated by four of the UKs major supermarket chains Tesco, Sainsburys, ASDA and Waitrose and by a fifth supplier, Ocado, which is a warehouse-based online operation and a partner distributor to Waitrose. Outside of these five major suppliers, the market is mainly populated by a wide range of niche, specialised retailers, many of which offer products that are not always available in the major supermarkets. Apart from the five leading online suppliers, no other supermarket chain in the UK operates in the online grocery market not even Morrisons, which is the fourth-largest supermarket chain by market share. The way UKs retailing sector and its marketers are responding to this major challenge, is -as we have just mentioned- by setting in the front line its Supermarket and hypermarket chains to create a profitable and competitive online grocery. Tesco, leading the online offers in the domestic market, provides a variety of benefits that the customer-member can enjoy. Visiting the companys site (www.tesco.com) we can find not only everything that is related with food-product variety and prices, but also a number of other services (non-food) like books and entertainment, clothing, mobiles and a number of banking and insurance services as well. This way, the consumer can be informed about any price of the product that he is interested on buying and calculate the exact total amount of money needed for his/her supermarket expenses, rather than making an off-hand calculation in the duration of his/her shopping. Also, the non-food services create the feeling of a complete market in which the con sumer can find almost everything. A similar approach is been followed by the other supermarkets too. Another innovative way that the British grocery has invented is the club-card. This card is provided to every customer-member of a specific supermarket, either by registering online or by simply asking to the supermarket to provide him/her one when he/she visits the supermarket for shopping. That way, every time the consumer buys a product, a small amount of money is been credited in his account with the form of points, and after a predetermined period of time -when a number of points is collected-, a letter arrives to his address informing him that he can exchange the number of points with a number of products depended on his decision (i.e. a voucher of 10 pounds for consuming products), or with a number of gifts that the supermarket has decided to provide (i.e. a T.V. set for each consumption of products, valued above 500 pounds ). Home delivery, is another very important benefit of services that the online grocery provides. Throughout a wide variety of products that the consumer can find on the web-site of every online grocery, he can order the desirable products and have them home delivered in an exchange of a small amount of money (usually 4-5 pounds). That way he can save a lot of time from going to the supermarket, waiting in the queue and carry all those bugs to his house. In addition, exclusive research commissioned for this report showed that 17.8% of all respondents purchased groceries via the Internet at least once in a year, with 3.8% making online purchases at least once a week and a further 2.4% making them two or three times a month. One in 20 respondents said they purchased groceries online once a month. However, almost a third of those who said they bought groceries via the Internet agreed that, due to the recession, they had reduced the amount they usually spent on online grocery purchases. The recent focus of the five major online grocers has seen them expand their distribution networks, improve their stock availability levels and enhance the functionality of their websites. However, in the current recession, other factors are now being given more attention particularly price competition between the sites, which is becoming increasingly important. In addition, environmental issues have become more significant. For example, the leading suppliers have introduced measures to reduce the number of plastic bags used for home-delivered orders and to use more fuel-efficient delivery vehicles. As at December 2008, the UK had the fifth-highest number of broadband subscriptions among the Organisation for Economic Co-operation and Development (OECD) group of countries (and the third-largest number among the European OECD countries). These high broadband connection rates have enabled the UK to become a leading centre for online sales in general, and for online sales of grocery products in particular. Plans have been outlined to construct a super-fast broadband network across the UK, and this should in turn allow the online grocers to develop new website designs and technologies in order to take advantage of such developments. Key Note forecasts that in the 5 years up to 2013, the UK Internet grocery market will continue to demonstrate high annual rates of market expansion and to account for an increasing proportion of grocery sales overall. The value of the Internet grocery market is projected to more than double by 2013, compared with the size of the market in 2008. Promoting Sales of Healthy Brands Another great challenge for the British food retailing sector -in order to maintain its position, its good reputation but also to increase it is to promote the sales of healthy strong brands. But what is a healthy strong brand and what are the key points for the marketers for energizing a healthy brand? A healthy and strong brand generates more results than just bigger sales. It sustains a product over time through consistency and excellent communication, providing at the same time value to its target customers. It is based on a proposition of genuine substance and value to the target customer. It wins, builds and retains customer loyalty and also maintains its relevance over time by evolving in response to changing customer expectations and perceptions. It creates a competitive advantage, increases the profitability of the business and also it is consistent with the business strategy. It provides a protective for growth strategies but also tries and most of the times succeeds to become a barrier for new entrants or substitutes to the market. Ways of succeeding some of the above goals we are providing to the following paragraphs. Trust is one of the drivers of brand credibility. Its an intangible that overrides the importance of any product, service or experience. Yet, as we have mentioned in the beginning (the latest years most of the industry and service sectors worldwide have lost their reliability on customers confidence), trust has eroded. In order for a company to gain customer trust is first of all to be simple and dont give great promises that could be proved untrue or impossible to be realised. Of course every promise must be kept. Going forward, trust is growing in importance, to become one of the most important and sustainable competitive advantages an organisation can own. If a brand and its marketers follow that strategy combining with being close to the customers, the long term affects could be unpredictably well. Adding value to the brand is in our opinion also a major factor to the sales promotion of a healthy brand and in order to achieve this we need what we call innovation. Imagining and creating new value requires seeing what others dont. In a food retailing sector, innovation could be achieved either by influencing or shaping the companys vision, or to inspire to come up with a new business concept, an entirely new venture, or a new brand. vale edo mia kainotomia ton supermarket morrisson. Other innovative ways could also be the addition of a new product, service or experience for a certain customer segment or the effort to speak the language of those consumers already â€Å"living† a trend so they can produce new products adjusted to the new trends and needs. The goal of any organisation is to create sustainable competitive differentiation, by providing to customers what they value and want in ways that others cant. One way to beat competition, according to Kim and Mauborgne in their book Blue Ocean Strategy, is to stop trying to beat the competition. Instead, create uncontested market space to create and capture new demand. Thereby, the competition becomes irrelevant. The classic example of creating a blue ocean (referenced in their book) is Cirque du Soleil. From a group of 20 street performers in 1984, Cirque is now a major artistic entertainment company delighting almost 90 million spectators a year. The company looked at traditional circus acts like Ringling Brothers and transformed them into â€Å"Broadway meets artistic music and dance† experiences. While increasing customer value and ticket prices, they simultaneously eliminated the largest cost items of the circus, including the star performers and animal shows. This is an extremely good example of how health brand marketers managed to create an uncontested market space. Finally, we can support that the more you know about your customers as real people looking beyond their obvious needs to their hopes, dreams, fears and challenges the more you can help them achieve. In return, you will have customers who become enthusiastic fans of your organisation. The most significant method that should be used to achieve this is through the social media and its ways. Social media has really changed the way brands are connecting with their customers. More and more companies are starting to realize the value of social media and are quickly adapting this new form of communication. However in order to have a successful social media strategy, it is important to have an internal culture that is ready to accept and learn. Some effective ways to achieve social media method are the following: 1.Internal engagement. Internal engagement gives employees, the ones who power your brand, the chance to shine. One of the best examples is Best Buy Connect. Best Buy has been a brand at the forefront of social media, using blogs, social networking tools, forums, and video to build brand awareness and keep consumers up-to-date with Best Buy News. Best Buy has given people a platform to share and discuss technology and tech-related products. In this platform, someone can find â€Å"Product Discussions† and discuss topics like Computers, TV, Gaming, Appliances, Audio, Cameras, iPods, Mobile Devices and more. They also have a section for â€Å"Customer Service†, â€Å"Reward Points†, and â€Å"Meet the Moderators†; who by the way take the time to make sure the forum is a stimulating environment where there are valuable conversations. 2. Collaboration. Another very important technique is to create mechanisms for customers to influence your products and services. The best example here is Dells IdeaStorm. Through this innovative website-idea of Dell the visitors-customers of the website can view all the posted ideas from the community, post their ideas for Dell products or services, promote or demote ideas by voting, or seen their ideas become a reality by sending them to authorised people of the company who examine them and if there are eligible they make them true. By surfing a little bit on the web-site, we found some amazing informations like that people who where participating to this web-site have contributed 11,790 ideas, theyve posted 84,546 comments and the site has been promoted 667,054 times. Most important, Dell has implemented 337 ideas based on customer input.This web-site provides a real contact with the customer. It is a web-site where everybodys ideas reign. 3. Authenticity. Hear we provide an excellent example where Mayo Clinic (One of the best clinics in the USA) keep their customers (old people in this specific example) happy by buying them a piano. In the video that we are referencing, someone can really see the happiness on their faces when the old couple is playing the piano. 4. Feedback. Some companies lately have created a site that really communicates with the customers. An expert daily replies to a number of customers through twitter or other similar methods where he really helps them with any kind of problems that they have or answer to any possible question. ComcastCares is a very good example to describe such a situation. 5. Participation. My Starbucks Idea is a web-site that Starbucks has created where they have pursuit their customers that they know better than anyone else what they want from Starbucks. There, people are able to share their ideas, express what they think of other peoples ideas and join the discussions. Finally experiences (create new ways of delivering experiences that fit with their lifestyles), conduit (allowing customers to share with each other through you rather than driven by you) and sharing (allow customers to share their ratings) are some supplementary methods that can be considered as effective ways to achieve social media method. Summary-Conclusion As we have seen so far, there has been a significant effort with a variety of ways -by the food retailing sector in Britain- to attract their customer confidence again. In our opinion, the approach that overrules every other method is the fact that the new strategy includes the customer as a real part of the organisation or the sector. This new era, sets the customer in the top of the pyramid making him the one who takes the basic decisions of what he really needs and giving then the green light to the companies to make it true. When people feel like they matter to the company, and when you engage them in ways they value and want, theyll matter more about you. This way, company and customers are acting no more individually and rivalry to each other. On the contrary, they move hand by hand on the same side of the river trying to accomplish the best outcome for both of them. Once again, the forecast predicts rise tade% until 2015 Finally, if the online grocery continuous this way, it will give more push to the top

Frank Lloyd Wright :: essays research papers

Architecture, the practice of building design and its resulting products, customary usage refers only to those designs and structures that are culturally significant. Today the architecture must satisfy its intended uses, must be technically sound, and must convey beautiful meaning. But the best buildings are often so well constructed that they outlast their original use. They then survive not only as beautiful objects, but as documents of history of cultures, achievements in architecture that testify to the nature of the society that produced them. These achievements are never wholly the work of individuals. Architecture is a social art, yet Frank Lloyd Wright single handily changed the history of architecture. How did Frank Lloyd Wright change architecture?   Ã‚  Ã‚  Ã‚  Ã‚  Frank Lloyd Wright, American architect, who was a pioneer in the modern style, is considered one of the greatest figures in 20th-century architecture. Wright was born June 8, 1867, in Richland Center, Wisconsin. When he entered the University of Wisconsin in 1884 his interest in architecture had already acknowledged itself. The university offered no courses in his chosen field; however, he enrolled in civil engineering and gained some practical experience by working part time on a construction project at the university. In 1887 he left school and went to Chicago where he became a designer for the firm of Adler and Sullivan with a pay of twenty-five dollars a week. Soon Wright became Louis Sullivan’s chief assistant. Louis Sullivan, Chicago based architect, one of America’s advanced designers. Louis had a profound influence on Frank Lloyd Wright. Wright was assigned most of the firm’s home projects, but to pay his many debts he designed ‘Boo tlegged Houses’ for private clients in his spare time. Sullivan disapproved, resulting in Wright leaving the firm in 1893 to establish his own office in Chicago. In the spring of 1893 Wright decided to build his own house in Oak Park, Illinois. Taking six years to build, Wright was free to experiment with his objectives in residential architecture over the next twenty-year period. Designing and re-constructing his buildings was a continuous process. He always changed his designs. For twenty years this home served as an independent labatory for Wright. This too went under constant changes. Rooms were enlarged or added, ceilings heightened, the arrangement of the windows changed, and the entry route into the house was modified. Wright even allowed the growth of a willow tree to be uninterrupted by placing a hold in the roof of the studio.

Silent Spring Essay

The Death of Beauty Albert Einstein once said, â€Å"Our task must be to free ourselves by widening our circle of compassion to embrace all living creatures and the whole of nature and its beauty. † Similar to Einstein, the author Rachel Carson believed that human kind should embrace nature's and help preserve its beauty and life . In the passage from the book Silent Spring by Rachel Carson, the author informs and persuades her audience against the dangers and misuse of pesticides.Rachel Carson is a renowned writer, ecologist, and scientist who dedicated her life to the conservation of the environment. Throughout her career as an editor in chief, marine biologist, and environmental activist, Carson continued to educate the public about the wonder and beauty of the living world. She emphasized humanity's power to alter the environment, but in â€Å"Silent Spring† she begins to challenge the traditional practices that disrupt the balance of nature.Carson not only blames f armers for unnecessary violence towards the environment, reveals the dangers on pesticides to her audience, and blames higher authorities, for the damage to wildlife through the use of pesticides in order to persuade her audience to take action against the mistreatment and abuse of the environment. Through war like diction, Carson exaggerates the farmer's violence towards blackbirds, misguidance in the use of dangerous pesticides, and lack of emotion for bloodshed.Aiming to weaken the pesticide users reputation, Carson introduces her main argument by referring to the â€Å"habit of killing† as,† the resort to â€Å"eradicating† any creature that may annoy or inconvenience†(paragraph1). The word â€Å"eradication† is the word used by farmers to justify the use of pesticides. The farmers find it necessary to use dangerous chemicals for the sole purpose to wipe out a species entirely, a species who merely were an â€Å"inconvenience†. The word â €Å"eradicate† is a euphemism used by the farmers to cover up the severity of pesticide use.The word was meant to be less offensive, but ironically what the word implied was used to Carson's advantage. Carson instills fear among her audience at the farmer's lack of emotion towards bloodshed, leaving the reader to question who is to blame. Sparking the reader's interest, Carson introduces an authority, who she describes as having a direct affiliation with the farmers who were, â€Å"persuaded of the merits of killing by poison† (paragraph 2). The farmers are misinformed and act without reason, only following what was told to them.The violence against blackbirds provides benefits or â€Å"merits† of death that outweigh moral reasoning and the consequences of using â€Å"poison†. The war between an unknown authority and animals is a one sided one, which involves exterminating the helpless and the innocent with a substance that has deadly effects. Acting on o rders, without emotion, farmers made the fatal decision and, â€Å"they sent in the planes on their mission of death† (paragraph 2). Carson uses the term â€Å"mission of death† to symbolize the authorities sending in soldiers in a war who are ordered to kill anything in sight.Comparing a war to the farmer's actions brings memories of blood, fear, and endless suffering to the reader. Carson relates to the reader's experiences of war and uses the negative associations to connect it the farmers. Armed with planes, the farmer's â€Å"mission of death† resulted in the â€Å"deaths of over 65,000 victims of blackbirds and starlings†. Carson writes that â€Å"casualties most likely gratified the farmers†, that the deaths were the spoils of war. Just like a war, the birds were not the only ones caught in the crossfire.Countless rabbits, raccoons, and opossums who had never visited a cornfield were disposed of and forgotten. As the war and mission of exter mination intensifies, parathion's poison begins to spread, affecting everything it touches. Carson appeals to the audience's sense of guilt and urgency by using death imagery to show pesticide's potential to reach far beyond the destruction of nature's beauty and affect every animal, man, woman, and child. The destruction of pesticides is overwhelming, what was once a flock of colorful birds is eradicated, leaving behind the, â€Å"pitiful heaps of many hued feathers† (paragraph 5).The viewer is subject to the imagery of pesticides, destroying a beautiful creature until not even a body remains. There is a play with emotions, a beautiful bird should not be the victim of greed and ignorance. A bird a symbol of the freedom and serenity in nature; for it to be targeted means that nature itself is under attack. Those who are innocent are able to see the beauty in nature and children often are drawn to forests and streams, but what prevents pesticides reaching, â€Å"boys who roam through the woods or fields† (paragraph 4).Not only are animals affected by pesticides, but also blameless children who have always enjoyed nature as a place to explore and discover. Parents are immediately alarmed by the prospect of children being harmed and see pesticides as a threat to health, safety, and innocence. Nature is a part of childhood and it is imperative that parents protect what is precious to children. If it can reach children, it can reach anyone in the proximity of the, â€Å"widening wave of death that spreads out, like ripples when a pebble is dropped into a still pond† (paragraph 5).The imagery of a pebble being dropped into a pond is like a large bomb, dropped and resulting in the disturbance of the peaceful and still pond. The ripples of the pebble symbolize pesticides reaching much farther than the targeted area, spreading through water sources and fields. The metaphor of the pebble and pond suggests that no matter how the problem may seem, it can spread and endanger anything or anyone. In order to stop the spread, the public must take action.After analyzing the dangers and abuse of pesticides, Carson uses rhetorical questions to gain support from the audience against the questionable figures whose actions caused devastation towards nature. Carson involves the reader into her argument by directly addressing the audience and asking, â€Å"Who has made the decision that sets in motion these chains of poisonings? † (paragraph 4). Carson uses rhetorical questions to translate fear and guilt towards the harm of nature into feelings of urgency to know the authority's identity.Carson directly addresses the audience to imply that she knows the answer to who is activating these â€Å"chains† of deaths. Using parallel structure, Carson continues to ask questions, â€Å"Who guarded the poisoned area to keep out any who might wander in? † (paragraph 3). Both the audience and author know the answer. No one. Neithe r farmer nor authority cared about the public's, audience's, or children's safety. He was entrusted power by the people and has abused it, he has made the decision to benefit himself, â€Å"He has made it during a moment of inattention by millions† (paragraph 5).Whose fault is it really for causing it in the first place? Cason uses the phrase â€Å"inattention by millions† to point her finger at the very people she is trying to persuade. The ignorance towards nature has allowed power to be put into the hands of the untrustworthy. Carson uses the word â€Å"inattention† to suggest that the audience let the abuse of power happen, but now have a choice to take the power back and prevent the mistreatment of the environment. By revealing the harm to the environment and the harmful effects of pesticides, Carson convinces readers to take action against farmers and a higher authority.Through the power of language, Carson appeals to the audiences emotions, logic, and eth ics in order to persuade them to support her argument. Carson also informs the public about the importance and beauty of the environment and warns against its mistreatment. Through Carson's literary work, she ensures that the beauty of nature will remain. In modern times where life is disconnected from nature, it can be easy to forget all that the environment provided and still provides; but if everyone works together, this beauty can be protected and conserved for future generations.

Solaire Resort and Casino - 4555 Words

Solaire Resort and Casino, Entertainment City Manila BA International Hospitality Tourism Management Module: Integrated Resort Management Module Code: B3123 Title: Solaire Resort and Casino Submitted on: 01 OCT 2013 Word count: 3699 Solaire Resort and Casino, Entertainment City Manila Contents Page 1. Abstract †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3 2. Introduction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 4 3. Profitability †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6†¦show more content†¦(Steelman Partners Announces the Creation of Several New Companies, 2013) 3. Profitability It has been many years the Philippines gaming market was the Philippines Amusement and Gaming Corporation, the state-owned corporation for operating and regulating, who are thirteen Casino Filipino-branded casinos and another 23 slot clubs comprise today a little over 7,100 slots and 650 table games. 3 other private gaming companies have since joined the market. Panama-based Thunderbird Resorts owns two similarly casinos under its Fiesta brand in San Fernando City. They are located about 65 kilometers to the north of Manila and in Rizal, just east of the city. Another company called Jimei Group from Macau, which has its major business in facilitating corporate tours, casino cruises and travel and tour groups through the Philippines, is operating Fontana Hot Spring Leisure Park in San Fernando City, providing services in casino, golf course and family leisure.(Effect of a new casino on problem gambling in treatment-seeking substance abusersï ¼Å'2003) In 2009, Resorts World Manila opened across from Terminal 3 of Ninoy Aquino International Airport, and it changes everything. For as the property have 300 tables and 1,800 slots and three hotels contains of 1,574 rooms and suites and a huge shopping mall with theaters and a great number ofShow MoreRelatedCentral Bank Heist : Internal Control Weaknesses And Techniques2113 Words   |  9 PagesBloomberry Resorts Corp.’s Solaire Resort and Casino, $21.2 Million to the junket operator Kim Wong of Eastern Hawaii Leisure Co. Ltd, and $30.6 Million to a person named Weikang Xu, a gaming room promoter for Solaire, who withdrew the money in cash. Philippine casinos are exempt from the anti-money-laundering law as they are not required to report suspicious transactions, and laws limit access by authorities without permission from the depositor. With the transfers made to the casino industry, the