Understanding the Project Data

For Wednesday Read Pages 65-110 of Business Intelligence Quiz 5 on Wednesday covers these readings

By Thursday Monday, February 22nd – Guest Speaker Brian Cloud – Casino Operations Manager Questions you’d like to ask Brian E-mail them by Thursday 2-18-10 to me @ James.Marlatt@Colorado.edu

For Friday Friday recitations in KOBL 320 or KOBL 380 Section 101: 9:00 – 9:50 AM in KOBL 380 – Noah Section 102: 10:00 – 10:50 AM in KOBL 380 – Whitney Section 103: 11:00 – 11:50 AM in KOBL 380 – Whitney Section 104: 12:00 – 12:50 PM in KOBL 320 – Jason Section 105: 12:00 – 12:50 PM in KOBL 320 – Addison Section 106: 1:00 – 1:50 PM in KOBL 320 – Vimi Section 107: 1:00 – 1:50 PM in KOBL 320 – Chris Section 108: 2:00 – 2:50 PM in KOBL 320 – Nhan Section 109: 2:00 – 2:50 PM in KOBL 320 – Chris Section 110: 3:00 – 3:50 PM in KOBL 320 – Addison Bring your Process Mapping books to recitation

In Two Weeks Midterm on Monday, March 1st 7:00 – 8:30 PM CHEM140

Understanding the Project Data What Have You Been Asked to Do? Utilize 30,000 square feet of gaming space This space can be configured as you see fit Maximize Casino gaming net revenue We have defined Gaming Net Revenue as Gaming Revenue – Gaming HR Costs – Gaming Equipment Maintenance Costs – Gaming Equipment Power Costs – Gaming Equipment Depreciation – Gaming Taxes

Understanding the Project Data Casino Gaming Revenue For each type of game, identify factors that influence how much revenue is generated in order to calculate Gaming Revenue Things to consider include: Game (type and number) being played House advantage Number of players by day and time Average bet size Number of games played (speed of play) Colorado laws and regulations

Understanding the Project Data Casino Equipment Acquisition Costs For each type of game, identify factors that influence the cost to acquire these games Things to consider include: Gaming equipment acquisition cost and useful life (how often will your Casino be replacing games is another factor to consider) Salvage value Other gaming equipment that is expensed in the first year of use (chips, cards, etc.)

Understanding the Project Data Casino Equipment Maintenance Costs For each type of game, identify factors that influence the cost to maintain these games Things to consider include: Spare parts Service contracts

Understanding the Project Data Casino Gaming HR Costs For each type of game, identify factors that influence the cost to operate these games Things to consider include: Number of employees required to operate each game Cost per hour for these employees Number and type of games being played Number of shifts

Understanding the Project Data Casino Gaming Taxes For your Casino calculate your State and Local tax expense Things to consider include: Monthly adjusted gross proceeds and associated tax rates Gaming licensing Device fees

Understanding the Project Data Helpful Hints Be consistent with how you define your data so you can drill-down and roll-up your data depending on who is reading your report and the level of detail necessary to make your point (e.g. period used, units of measure, naming conventions) Utilize your Casino Operations Management book

Understanding the Project Data Helpful Hints, cont. Note any assumptions you are making in your document (e.g. hourly customer census) Identify other sources of quality data for your research (e.g. Casino web sites, friends and family members who gamble or operate similar facilities, gaming manufacturers and distributors web sites, State of Colorado Department of Revenue web site)

Understanding the Project Data Helpful Hints, cont. Use your BI book to help you organize and prioritize your data Check out the case studies for ideas and support for your recommendations Review sample project deliverables on CULearn Research other industries for examples that are useful to your project How can your RL help? Discussion