Executive Summary The center of our industry and competitor analysis research is MGM Mirage‚ the second largest casino hotel operator in the world with $7.2 billion in revenues in 2008. The only company that surpasses MGM Mirage by revenue and scale is Harrah’s Entertainment Inc. with $10.8 billion in revenues in 2008. Other competitors that should be considered are Las Vegas Sands Corp. and Wynn Resorts Ltd with respectively $1.7 and almost $1 billion in revenues in 2008. Our
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Focus on three key roles at mainly three levels of authority in the casino. How would you characterize the "control strategy" (e.g.‚ tight vs. loose) used over each of these roles? A. Blackjack dealers (tight controls) Dealers are highly visible which does not allow for fraudulent activity. This in itself is a tight control but other tight controls in place include: table assignments‚ closed circuit television (CCT) observation‚ 2 dealers at the table‚ and other employees on the floor keeping
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Bellagio Art While deciding on a piece of art that sparked my eye I was drawn to glass sculptor Dale Chihuly’s Fiori di Como on page 24. This work of art uses amazing colors and implied lines throughout the piece giving it an unrealistic yet amazing symmetry throughout the work. It is placed on a 70 foot long ceiling suspended above the Bellagio Hotel in Las Vegas‚ dazzling patrons with its unique designs and colors. When I look at the artistic style of such a creations I feel very happy inside
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Synopsis of the Problem Studied A basic problem in the casino industry is determining which reservations to accept and which to deny. The profitability of a customer has little to do with the hotel room and everything to do with the customer’s gambling behavior. Harrah’s Cherokee Casino and Hotel‚ is very different from the typical industry structure. Casino profits are used to better the lives of the immediate Cherokee community. Funds are used to support healthcare‚ education‚ and standard
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2017 business summit at the Bellagio in Las Vegas‚ you may need some help choosing which fun activities to partake in before and after the conference. After all‚ there is a myriad of happenings and events in the city of lights. You can start your pre or post conference adventure at the Bellagio‚ which lies along the midpoint of the famous Las Vegas strip. Here are five of the top attractions in Las Vegas. The Bellagio The first thing most visitors notice about the Bellagio is the massive fountains
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Bellagio Questions Name: Sam Clark Bellagio Questions 1. Focus on three key roles at mainly three levels of authority in the casino—blackjack dealers‚ pit bosses‚ and the vice president of table games. How would you characterize the “control strategy” (e.g.‚ tight vs. loose) used over each of these roles? 2. Prepare a list of the controls described in the case. What control problems are they designed to address? Are the managers interviewed for the case justified in being proud of their
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Bellagio has tight controls over its dealer‚ which provide a high degree of certainty that the person being controlled will act as the organization wishes. However the vice presidents of table games are not tightly controlled because there is no good performance measure for them. In terms of cash control‚ Bellagio assigns employees the responsibility of certain amount of cash‚ and some procedures are carried out to ensure that the records are reliable‚ such as standardization of actions at the tables
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Objectives. About Harrah’s Harrah’s Hotel & Casino is an exciting entertainment destination in the heart of the Las Vegas Strip‚ offering its customers first class hotel accommodations‚ gaming‚ entertainment and promotions. With so many hotels and casinos in the Las Vegas valley‚ one must determine its goals and vision to guarantee that it stands out from the competition‚ offering its customers unprecedented service while providing unique incentives for its employees. Mission statement. A company’s
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advertisement IV. Operations Plan 1. Location 2. Operation 3. Employees 4. Casino Area 5. Gaming Offered 6. Cashless System 7. Financial and Legal Service 8. Surveillance Department 9. Casino Management System V. Financial Plan 1. Preopening and start up Budget 2. Cash flow projects VI. Casino flow project VII. Casino Plan VIII. Employee forecast I. Executive Summary
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Karl Kampendahl HMT440 Casino Management Professor Eva Smith June 16‚ 2011 Casino Management Introduction Casino is no longer an alien word for people who have some idea about gambling. Casino has become a favorite place for a large number of people who want to spend time in recreation activities. The United States is the breeding place for International casinos. People from every part of the world visit the casinos in the United States for gambling purpose. Casino Industry in the US is
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