BUSI-1493 International Business Management - IBM Report Title 4 Wynn Resort‚ Limited: Market Entry into Macau with Strategic Analysis Word count: 3‚087 Table of contents | | Title | Page | Introduction | | (i) A brief history of Macau and background of Macau gambling industry | 3 | (ii) Steven Wynn | 5 | (iii) Wynn Macau‚ Limited | 6 | PORTER’S Five Forces Analysis | | (i) Threat of substitutes | 6 | (ii) Entry of competitors | 7 | (iii) Bargaining
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more popular in the world and many new casino hotels has built up in Macau in recently years. In numerous casino hotel in Macau‚ The Venetian Macao and City of Dream Macau have been selected for the project. The Venetian Macao would focus on casino rather than the shopping center. Besides‚ the unique of the Venetian is GONDOLA RIDES which is the main attraction for the travelers to enjoy. On the other hand‚ City of Dream Macau has pays more attention on the entertainment in order to attract guest
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02‚ 2010 our departure from the Philippines to Macau to have an eleven-day vacation with my family. I’m excited for this is my first out of the country trip. It took two hours for us to travel before we finally arrived at Macau. ‘Pang Yao’ was the first Cantonese word I learned in this country meaning ‘friend’. My mom told me to use it in acknowledging anybody who is a Macau National. In our first day‚ we visited luxury hotels and resorts. Macau Hotels‚ Resorts and Casinos are just so amazing
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Chetan. K. 2009. Grand Hyatt Macau aims high for MICE within City of Dream. [online] Available at: http://www.expresstravelworld.com/20091115/market10.shtml [Accessed December 7 2012]. Cisco. 2011. City of Dreams in Macau Sets New Paradigm. [online] Available at: http://www.cisco.com/en/US/services/ps2961/macau_feb_successstories_services.pdf. [Accessed December 19 2012]. DSEC. 2011. Develop Macau as a Sustainable Tourism Destination in term of Hotel Industry. Macau: Institute for Tourism Studies
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identity to the contribution to society Introduction Macao is known to the world for its casino industry. Macao ’s richest man‚ Ho Hung Sun‚ is an entrepreneur in Asia. Ho is also known as "The King of Gambling"‚ showing the monopoly he held of the Macau gambling industry for over 40 years. Behind Stanley Ho ’s successful career is a story of ordeals and adventures that will inspire everyone. This essay focuses on the contribution of Stanley Ho as a multiethnic entrepreneur in laying the foundations
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what it is today. Wynn’s mission is: “A commitment to providing an elegant environment‚ high quality amenities‚ a superior level of service and distinctive attractions for our customers.” The company currently has operations in both Las Vegas and Macau Peninsula in China. Wynn Las Vegas‚ the company’s first development‚ was opened on April 28th‚ 2005. A year later‚ the company broke ground on an extension to Wynn Las Vegas‚ to be called Encore Suites‚ which is expected to be completed by 2009. While
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Find out why the Macau gambling scene is so important -The company intends to use the proceeds from this sale to pay off part of their debt -“The stock has traded significantly higher since the announcement of the deal‚ but we believe that this is a huge missed opportunity for the company in a new‚ booming market and will hurt the company over the long-term as competition continues to expand in this area” (2). -Caesars is the largest casino operator in the U.S -Properties include: Las Vegas
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major player in the gaming and entertainment industry in Macau Special Administrative Region ("Macau SAR"). The company currently operates six casinos‚ including the major casino attraction - Galaxy Macau - which was opened on 15 May 2011. 2. Recommendation The share is currently trading at 13% discount and therefore we suggest a buy recommendation. This is primarily based on the future revenue stream from future expansion of Galaxy Macau‚ a strong land bank‚ market growth and strong management
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the class to share information and enhance appreciation of different cultural perspectives on management. A major activity in the course will be field trips in the Hong Kong-China region to visit major business centres such as Shenzhen and Macau. Students are also encouraged to explore Hong Kong and the surrounding Pearl River Delta area to gain an appreciation of the local culture‚ history and commerce. Course Objectives To provide students with better awareness and understanding
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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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