Financial Statement Analysis Financial Management 1 Submitted March 22‚ 2013 Table of Contents Statement of Authorship 3 Introduction 5 Company Write Up 5 History of the Las Vegas Sands Corporation 5 Competitors 7 The Company’s Position in the Industry 7 Recent Developments 8 Future Goals 8 Key Ratios and Analysis 10 Ratio Calculations 2008 10 Ratio Calculations 2009 12 Ratio Calculations 2010 14
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Internal Analysis Functional Level Strategies/Mission Wynn Resorts‚ Limited mission statement is: “Wynn resorts strive to be the leading provider and choice of elite‚ Luxurious casino and resort experiences worldwide.” (Mathlouthi‚ “Wynn Resorts”) Wynn resorts utmost essential operational strength is the founder himself‚ Steve Wynn. Mr. Wynn has over thirty years of experience in Las Vegas. His prime connections‚ alliances and expertise within the industry that he holds‚ cannot be easily replaced
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20103 ( Exhibit 3). Domestically‚ MGM has debt obligations maturing in 2013 and 2014. Internationally‚ MGM is working to offset a weak dollar with new growth ventures in China and Vietnam and has experienced higher than anticipated returns from its Macau ( China) property. While its competitors are experiencing similar difficulties and achievements
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Asia at the forefront of Sports‚ Entertainment and Lifestyle Industry The Asian economic growth story that started in the 1980’s has seen exponential growth. Japan surprised the world with its economic might and ever since has occupied the second position in terms of GDP and economic standing. This was followed by growth stories of Korea‚ Hong Kong‚ Taiwan‚ Thailand‚ India and the latest and mightiest addition – China. Although the current financial crisis has negatively impacted the world‚ China
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site that the former Desert Inn once stood may be worth billions. One of three largest gaming concessions‚ Wynn made a wise successful bid for it in Macau. This Special Administrative Region located in China has the world largest and longest history in the gaming market throughout the world. It surpasses Las Vegas‚ but it became known as Wynn Macau‚ which opened in September of 2006‚ became Mr. Steve Wynn most important investment of the Wynn Resorts. The newest Wynn Resort investment began in Encore
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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 Strengths Brand Name recognition (Wynn 30 years experience in Vegas). Management team highly experienced and very successful in tourism. U.S. population living longer (retirees are more incline to spend money traveling‚ leisure activities and gambling). Strategic development of its product. Continuous promotion
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Steven Wynn himself‚ to the company? What potential problems could arise if he left the company? 2. What are the strengths and weaknesses of Wynn’s Macau (People’s Republic of China) strategy? 3. What are the three main issues that Wynn Resorts must focus their efforts on in order to preserve their two largest revenue sources: the Wynn Las Vegas and Macau? Mr Steven Wynn pursued his fervor as an entrepreneur and has changed the style of resorts and gaming. He is the most talented casino gamer in
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Googlemap.com) 4 SECTION ONE: Why Sanya? Instead of saying I chose this location for Caesars Entertainment‚ I would say the turning point of Chinese society chooses Caesars to take the spotlight in China. With the policy to legalize gambling industry to put into effect very soon‚ the tropical island at the very tip south of China is now rising up as an ideal place
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pay casino levy‚ and since they are of a lower income group‚ thus more vulnerable to the negative impact of gambling. However‚ little research has been done to determine the impact that the operations of the casinos have on the foreign workers who frequent them. In this study‚ we examine the correlation between the proportion of foreign construction workers who visit casinos‚ their gambling spending‚ frequency of visits and the financial problems these foreign construction workers claimed to experience
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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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