COMPANY OVERVIEW MGM Resorts International is a Paradise‚ Nevada based corporation that brands itself as a global hospitality company. It is the second largest gaming company in the world by revenue - about US$6 billion in 2009. It owns and operates 15 properties in Nevada‚ Mississippi and Michigan‚ and has 50% investments in four other properties in Nevada‚ Illinois and Macau‚ China. The company began as MGM Mirage on May 31‚ 2000‚ with the merger of MGM Grand Inc. and Mirage Resorts Inc. In
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Abstract Financial Presents An Overall Valuation of: MGM MIRAGE Dan Brooks daniel.e.brooks@ttu.edu Michael Dearden michaeldearden@hotmail.com Kara Walker Kara.m.walker@ttu.edu Melanie Johnson Melj524@aol.com Table of Contents Executive Summary…………………….…….………………….…3 Business and Industry Analysis Business Analysis……………………………….…………..6 Five Forces Model………………………………..………....7 Key Success Factors……………………………………..10 Competitive Advantage Analysis…………….…12 Accounting Analysis……………………
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MGM Mirage Introduction of the Company MGM Mirage is one of the largest gaming industries in the United States and specifically Las Vegas‚ Nevada. The two people responsible for the start of this empire are Kirk Kerkorian and Steven Wynn. Kirk Kerkorian opened up the first MGM Grand in Las Vegas‚ Nevada in 1973. Steven Wynn moved to Las Vegas in 1967 and after investing in land on the strip he later opened up the Mirage‚ followed by Treasure Island and the Bellagio. The MGM Mirage was created
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Case Study: MGM Resorts International 27 February 2013 Table of Contents Key Dates and General History 3-5 Environmental Analysis 5-7 Porter Analysis 7-9 Marketing Strategy 9-12 Competitor Analysis (SWOT) 12-18 Company Analysis (SWOT) 18-20 Financial Analysis 21-22 Future Trends 22-23 Recommendations 23-25 Conclusion
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Introduction MGM Resorts International ( MGM) is a Fortune 500 company traded on the NYSE in the complex and unpredictable industry of gaming and hospitality. MGM is one of the leading global hospitality companies with a portfolio of 15 wholly owned resorts and gaming properties located in Nevada‚ Mississippi‚ and Michigan and 50 percent stakes in four additional properties in the US and China ( Exhibit 1). With approximately 45‚000 full time employees‚ the company has an enterprise value of $ 18
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The MGM Grand Hotel was a 23 story hotel and casino facility located at the intersection of East Flamingo Road and Las Vegas Boulevard‚ currently in use as Bally’s Casino. The hotel consisted of 21 stories of guest rooms situated above two non-hotel stories- a double main level and casino and an interstitial space used for gaming floor security. The floors were numbered with an alternative numbering system used by the MGM Grand owners‚ depicted in Fig.1. Immediately adjacent to the casino and performance
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November 18‚ 2013 Subject: Issues of MGM International Resorts I am writing this letter in order to address the slow recovery of your company. It has come to my attention that your company‚ MGM International Resorts‚ is facing some major issues as the gaming and hospitality industry struggles to recover. In this letter I plan to address the industries problems‚ and the specific issues that your company is facing. One of the major issues facing MGM International Resorts is that it is that
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Section 1 - Introduction Information Resources are strategic assets of the Richman Investments and must be treated and managed as valuable resources. Richman Investments provides various computer resources to its employees for the purpose of assisting them in the performance of their job-related duties. 1. To establish appropriate and acceptable practices regarding the use of information resources. 2. To ensure compliance with applicable State law and other rules and regulations regarding the
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BUSINESS STRATEGY | MGM MIRAGE CASE ANALYSIS | MERVE BUBLİŞ - 2007103241 | 22.03.2012 | I. INTRODUCTION MGM Mirage is one of the largest gaming industries in the United States and mainly located in Las Vegas‚ Nevada. The first MGM Grand was established in Las Vegas‚ Nevada in 1973. After investing in land on the strip the company followed with Treasure Island and the Bellagio. The MGM Mirage was created during the merger in 2000. Since this merger‚ MGM Mirage has grown
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political and economic arena. Sony Corp. and Metro-Goldwyn-Mayer‚ (MGM) are two firms which consensually merged in early 2005. Both are considered to be a conglomerate. They are highly compatible and recognized to have a strong hold in the motion picture industry; however‚ Sony has other units including electronic‚ and games. Sony is a foreign firm originated and based out of Tokyo while MGM was based in the US. Before Sony and MGM considered the acquisition they analyzed the pros and cons of merging
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