Case Study 1 Wynn Resorts LTD. Sean Brockert Palm Beach State College History 1967 complete renovation of Golden Nugget. 1989 complete renovation of Mirage. 1993 complete renovation of Treasure Island. 1998 complete renovation of Bellagio Mirage becomes part of MGM ($6.4 million) April 2005 Wynn Las Vegas resorts open. September 2006 doors open Wynn Macau. December 2007 2nd phase complete Wynn Macau. 2009 expected completion of encore Las Vegas. Internal Strengths and Weakness
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The Inevitable Downfall of Macau Hendrick de Leewuw described Macau as home to “all the riffraff of the world‚ the drunken shipmasters; the flotsam of the sea‚ the derelicts‚ and more shameless‚ beautiful‚ savage women than any port in the world. It is a hell” (Osnos). While this quote from Leewus’ book Cities of Sin dates back to the 1930’s‚ this quote represents the lifestyle that has made Macau the global attraction it is today. Macau’s history as a Portuguese colony has allowed it to retain
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The Casino Industry in Macau Research Question I intend to evaluate the Casino Industry in Macau including the reasons for its high demand and growing success and compare it to the Casino Industry in Las Vegas. The gaming industry is the livelihood of Macau. It is responsible for 75% of the government’s income and provides the people of Macau with millions of jobs. Even though gambling was first legalized under Portuguese rule to finance the government‚ it remains the same under Chinese rule
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EXECUTIVE SUMMARY Wynn Resorts‚ Ltd. is one of the leading names in casinos and resorts. It is distinguished from its competitors because only Wynn Resorts offers high class service and it offers the most luxurious experience to its customers. The man behind the success of Wynn Resorts‚ Ltd. is Mr. Stephen Wynn‚ the CEO. Wynn Resorts‚ Ltd. owns and operates Wynn Las Vegas and Wynn Macau. Wynn is currently considering plans of expansions in Coati and even here in the Philippines. Wynn is relatively
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A Project Proposal - Improving Hospitality Industry Talents in Macau Introduction With the development of the Macau economy‚ the local market requires more labor to satisfy its demand. However‚ Macau’s human resource distribution is not balanced especially for local professionals in the hospitality industry. Although the unemployment rate in Macau has been around 2% during recent years‚ improving the whole professional level is the most important thing for the long term. (Government of Macao
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Compare and contrast the lifestyle in Macau and Hong Kong According to the Business Dictionary.com‚ the word “Lifestyle” refers to the way of living of individuals‚ families (households)‚ and societies‚ which they manifest in coping with their physical‚ psychological‚ social‚ and economic environments on a day-to-day basis. This means that citizens of a particular society will change their everyday life or behavior in order to adapt to the ever-changing environment. In this report‚ I would like
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EXECUTIVE SUMMARY Wynn Resorts Limited is a publicly traded corporation based in Paradise‚ Nevada that is a developer and operator of high end hotels and casinos. It was formed on October 25‚ 2002 by former Mirage Resorts Chairmen and CEO Stephen A. Wynn. The target client base for Wynn Resorts are affluent individuals who seek the highest quality—Wynn and its sister property Encore hold more Forbes Five Star awards than any other casino resort in the world. Recently‚ Steve Wynn has taken his brand
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University of Macau Faculty of Business Administration GAMM302 Gaming Regulations and legal Environment 2009/2010‚ second semester Written Assignment Topic: H istory of the 2001 -2002 concession public tender process in Macau Name: Lau Hiu Tung Number: B-A7-0070-2 Date: 30 April 2010 Abstract The purpose of the report this time is to share and have a discussion in the concession public tender process in 2001 – 2002. By reading this sharing‚ I hope we can have a clear picture
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Derek Witte SWOT Analysis: Wynn Resorts Strengths: Wynn Resorts‚ Ltd. was formed in October of 2002 by Steve Wynn‚ the former chairman and CEO of Mirage Resorts. The greatest internal strength that Wynn Resorts possesses is just that‚ its CEO and founder. Steve Wynn is widely considered the “Father of Luxury Gambling”‚ and he is largely responsible for the image change and societal perspective change of the city of Las Vegas. Gambling‚ tacky furniture‚ and cheap buffets have evolved into
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wants to assure the transition of Macau sovereignty from Portugal to China smooth and stable‚ and on the other hand‚ she also wants to develop a system that is convenient in monitoring Macau SAR government’s activities‚ and ensure Macau is running within the motherland’s state strategy. Therefore‚ the Basic Law of Macau has given more power to the Executive Branch than the Legislative Branch. This inclination of power provided by the Basic Law of Macau makes Macau SAR becoming an Executive-led government
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