gaming receipts and demand for high-rise condominiums was surging‚ with median property prices in Las Vegas twice the national average. The company shifted its business model from fully owning and operating resorts and casinos‚ to being more real estate focused - launching the massive Citycenter mixed-use project. Unfortunately‚ the latter’s development coincided with vast overbuilding on the Strip and a global financial crisis‚ causing large losses and writedowns in valuation. In June 2010‚ the
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www.palgrave-journals.com/rpm PRACTICE PAPERS Decision support in online travel retailing B. Venkateshwara Raoà and Barry C. Smith Received (in revised form): 7th November‚ 2005 à Research Group‚ Sabre Holdings‚ 3150 Sabre Drive‚ MD 8203 HDQ‚ Southlake‚ TX 76092‚ USA Tel: þ 1 682 605 1721; Fax: þ 1 682 605 7690; E-mail: beju.rao@sabre.com B. Venkateshwara Rao is a Senior Principal in Research Group at Sabre Holdings. He develops customer behaviour‚ pricing‚ marketing‚ planning‚ and deal evaluation
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Introduction This paper will survey and review the overall environment of the Bellagio Resort & Casino located in Las Vegas in order for me to understand the services and activities of the hotel. Most importantly I wanted to get an overview of the appearance of the hotel. This will‚ therefore‚ help me to put into use the knowledge‚ skills‚ and tools that I obtained from the hospitality management class. This means that I will be able to apply the class theorem to the real work environment. I will
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"shining serpent" in Inca) in New York City in 1971. He went on to have very successful careers as an actor & rapper. Look around the web for his career information‚ you know that’s not our gig. That said…. On September 7‚ 1996‚ Tupac was in Las Vegas to attend a boxing match between Mike Tyson and Bruce Seldon. He was staying at the Luxor Hotel-Casino. The fight was being held at the MGM Grand Hotel‚ and he was attending with Marion “Suge” Knight. Knight is the co-founder and owner of Death
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the largest such company in the Las Vegas market in terms of square footage of casino space and number of hotel rooms. Known as Circus Circus Enterprises‚ Inc. until June 1999‚ Mandalay Resort operates ten hotel-casinos in Nevada‚ including four elaborate properties on the Las Vegas Strip: Mandalay Bay‚ Luxor‚ Excalibur‚ and Circus Circus. It is also a partner with Mirage Resorts‚ Incorporated in a joint venture that owns and operates the Monte Carlo‚ another Strip denizen. Outside of Nevada‚ the
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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 and acquired numerous other properties
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Strengths Circus is one of the major players in the Las Vegas‚ Laughlin‚ and Reno markets in terms of square footage of casino space and number of hotel rooms. Each Circus location has a distinctive personality. Circus Circus has the theme of a circus‚ Luxor’s theme is an Egyptian Pyramid‚ and Excalibur’s theme is Medieval. Excalibur is one of the first sights travelers see as they exit interstate highway 15. Circus’ combined hotel room occupancy rates have remained above 90% due‚ in
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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. The CEO’s immersion with the company delivers an exclusive distinctive advantage. Having an expert in this field provides the resort with
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cost cutter and William N. Pennington purchased Circus Circus in 1974 as a small and unprofitable casino. It went public in 1983‚ from 1993 to 1997; the average return on capital invested was 16.5%. Circus Circus operates several properties in Las Vegas‚ Reno‚ Laughlin‚ and one in Mississippi‚ as well as 50% ownership in three other casinos and a theme park. On January 31‚1998 Circus reported net income of 89.9 million and revenues of 1.35 billion‚ this is a down from 100 million on 1.3 billion
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year. In September 1989‚ MGM announced plans to build a 700-million dollar Hollywood-themed complex‚ which would include a 4‚000-room hotel and a theme park. The 90’s Construction on the Hollywood-themed complex‚ which included the MGM Grand Las Vegas and the MGM Grand Adventures‚ began in 1991 and finished up and opened it’s doors in 1993. In 1995‚ MGM bought Diamond Beach Hotel and Casino in Darwin‚ Australia which was renamed MGM Grand Darwin. MGM later sold the subsidiaries that owned and
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