Jackpot on january 20 2000 the international gaming, Ask an Expert

Engineering

Jackpot. On January 20, 2000, the International Gaming Technology company issued a press release: (LAS VEGAS, Nev.)-Cynthia Jay was smiling ear to ear as she walked into the news conference at The Desert Inn Resort in Las Vegas today, and well she should. Last night, the 37-year-old cocktail waitress won the world's largest slot jackpot-$34,959,458-on a Megabucks machine. She said she had played $27 in the machine when the jackpot hit. Nevada Megabucks has produced 49 major winners in its 14-year history. The top jackpot builds from a base amount of $7 million and can be won with a 3-coin ($3) bet.

a) How can the Desert Inn afford to give away millions of dollars on a $3 bet?

b) Why did the company issue a press release? Wouldn't most businesses want to keep such a huge loss quiet?

View complete question

Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92192267

Have any Question?Write your Review or question?

Related Questions in Computer Engineering

Which sentence would work better as a thesis statement for

Which sentence would work better as a thesis statement for a three-to-five-page college paper? Remember that a thesis should be a central idea that requires supporting evidence; it should be of adequate scope for essay's ...

Suppose that on your birthday you checked the balance on

Suppose that on your birthday you checked the balance on your retirement account and you decided to make a $1,000 payment at the end of every month until you retire at the specified age. If you disreagard the inflation ( ...

Kelly wants to view employees bonuses as a percentage of

Kelly wants to view employees' bonuses as a percentage of their base salary. In cell G7, enter a formula without using a function that divides Joan's total bonus (cell E7) by her base salary (cell B7).

Answer the following question what is the relationship

Answer the following Question : What is the relationship between a role and a competency? How do roles facilitate the development and implementation of specific practices for any organization? The response must be typed, ...

Restaurant management database project the restaurant

Restaurant Management Database Project : The restaurant maintains the catalog for the list of food and beverage items that it provides. Apart from providing food facility at their own premises, the restaurant takes order ...

Question please choose one of the following

Question: Please choose one of the following topics: • Internet of things (IOT) • Drones • Virtual Reality • Bitcoin • Encryption What is the current cybersecurity-related situation involving the topic you chose? What do ...

Question you can transfer your health data to another

Question: You can transfer your health data to another personal health record provider such as Microsoft HealthVault. What privacy issues are involved? Express your views on using this type of system, make sure to includ ...

Letang industrial systems company lisc is trying to decide

Letang Industrial Systems Company (LISC) is trying to decide between two different conveyor belt systems. System A costs $300,000, has a four-year life, and requires $101,000 in pretax annual operating costs. System B co ...

Identify economic decision that is driven by a behavioral

Identify economic decision that is driven by a behavioral bias rather than by pure rational behavior. why are they differ today?

Can someone help me with this question you need step by

Can someone help me with this question? You need step by step and You need names of any theorms or formulas you are using please. The Codechef Programming Society has 198 membership-paying mem- bers, 97 females and 101 m ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Computer Engineering Expert