Controls At The Bellagio Casino Resort
1. Control: The vice president of table games and the vice president of the separate Slot Machines Division of the casino report directly to Bellagio’s president/CEO.Problems that controls are designed to address: Employees misconduct or any fraudulent behaviour that are not known by the top of management. This control makes sure that top management to acknowledge any incident within the casino.2. Control: Maintain the company’s licenses and pay gaming taxes to be allowed to continue operation. The casino is subject to extensive regulation under the law, rules, and regulations. Problems that controls are designed to address: Any illegal operation regarding to gaming and other casino services provided that violate the law.3. Control: Maintain stringent controls on the recording of all receipts and disbursements that include locked cash boxes on the casino floor, daily cash and coin counts performed by employees who were independent of casino operations, constant observation and supervision of the gaming area, observation and recording of gaming and other areas by closed-circuit television, timely analysis of the deviation from expected performance, and constant computer monitoring of slot machines.Problems that controls are designed to address: The situation in which the casino and the various government entities do not keep their fair share of the money that is wagered.4. Control: The company provided extensive training to standardize the handling, aggregation, and reporting of same type or dissimilar cash transactions by single customers on a single or multiple visits within 24-hour period.Problems that controls are designed to address: Money laundering and structuring of transactions by customers to avoid reporting to the US Internal Revenue Service tax
1. Control: The vice president of table games and the vice president of the separate Slot Machines Division of the casino report directly to Bellagio’s president/CEO.Problems that controls are designed to address: Employees misconduct or any fraudulent behaviour that are not known by the top of management. This control makes sure that top management to acknowledge any incident within the casino.2. Control: Maintain the company’s licenses and pay gaming taxes to be allowed to continue operation. The casino is subject to extensive regulation under the law, rules, and regulations. Problems that controls are designed to address: Any illegal operation regarding to gaming and other casino services provided that violate the law.3. Control: Maintain stringent controls on the recording of all receipts and disbursements that include locked cash boxes on the casino floor, daily cash and coin counts performed by employees who were independent of casino operations, constant observation and supervision of the gaming area, observation and recording of gaming and other areas by closed-circuit television, timely analysis of the deviation from expected performance, and constant computer monitoring of slot machines.Problems that controls are designed to address: The situation in which the casino and the various government entities do not keep their fair share of the money that is wagered.4. Control: The company provided extensive training to standardize the handling, aggregation, and reporting of same type or dissimilar cash transactions by single customers on a single or multiple visits within 24-hour period.Problems that controls are designed to address: Money laundering and structuring of transactions by customers to avoid reporting to the US Internal Revenue Service tax
Controls At The Bellagio Casino Resort
The controls at the Bellagio Casino Resort case was designed with several purposes in mind. First, it illustrates a control system that is dominated by action and personnel controls, rather than results controls. The analysis of this system leads to insights about some of the factors that limit the feasibility of results controls. The administration and operation of Bellagio casino and resort must be operated by advanced technology. 3) Control Problems: The major problem faced by Bellagio casino and resort is monitoring as well as supervising the sticks, legislative compliance as well as employee performance (Merchant et al.