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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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 the
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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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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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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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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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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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Case Report—Controls at the Bellagio Casino Report Introduction MGM MIRAGE is one of the world’s leading hotel and gaming companies‚ and the Bellagio is one of them‚ which attracts lots of customers every year. MGM MIRAGE operated as two segment‚ one is Casino resort and the other is resort. Company’s key revenue is from gaming and hotel‚ and most revenue was cash. This case is focused on the controls used in the casino‚ especially in difficult to control table games areas. Nowadays‚ customers become
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1.0 - Background and Purpose of Research BACKGROUND Since its opening the Mirage Nightclub has gone through many changes‚ each time to be able to adapt to its ever changing environment. At this point in time they are considering the opportunity of opening the club on Wednesday nights to increase revenue and their customer base. The Mirage opened in 1998 by Ferguson with the hopes of providing a high end club night within Surrey‚ which at that time was nonexistent. They were able to capture
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70‚000 sq ft spa • 2‚000 sq ft theatre PROJECT SCOPE Hollow Metal Doors‚ Hollow Metal Frames‚ Architectural Wood Doors‚ Architectural Hardware‚ Rolling Steel Doors‚ Architectural Mouldings and Trim. Project Owner: MGM Mirage General Contractor: Perini Construction Architect: HKS Architects‚ Inc. Project Amount: $9.8 Billion Completion Date: December
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