Basic step to embark upon this issue is to make an inventory of all possible reasons that are directly or indirectly influencing the performance of the business and then try to mitigate them. This essay mainly concentrates on a casino hotel -------------------- (name one hotel nearby your domicile); various risks involved with it and the ways adopted by management to overcome these issues.
1) Structural Risk: It includes risk associated with the firm itself. Security issue is one of the major parts of it. Guests must be secured enough from any sort of criminal activities inside the hotel. A single anti-peace incident may fall down its market. To overcome it to a great extend, casino has its own security employees. They take care of any such violence in the premises and also special weapon checking facility has been implemented. Next comes risk linked with cheating and theft. As it's related to gambling games so, cheating is obvious. Management needs to observe closely whether any of their customer or hotel itself is getting cheated or not.
2) Growth Risk: Risks arising from expected future performance is related to growth risk.