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
Premium Las Vegas Strip MGM Mirage
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
Premium Las Vegas Strip MGM Mirage
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……………………
Premium Las Vegas Strip Balance sheet Revenue
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
Premium Las Vegas Strip MGM Mirage
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
Premium Las Vegas Strip Recession MGM Mirage
“Mirage: An optical effect that is sometimes seen at sea‚ in the desert‚ or over a hot pavement‚ that may have the appearance of a pool of water or a mirror in which distant object are seen inverted‚ and that is caused by the bending or reflection of rays of light by a layer of heated air of varying density.”(Merriarn-Webster’s Medical Dictionary) Imagine yourself walking alone in the desert‚ you haven’t drink any water for a long time‚ you were tired‚ thirsty and exhausted. Suddenly‚ there was
Premium Optics Mirage Refraction
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
Premium Las Vegas Strip MGM Mirage
phenomenon. It is called the mirage effect. The mirage effect can be explained like this: when the air above the ground (or water) is warmer than the actual surface temperature‚ or vice versa‚
Premium Mirage Mirage
| 淡江大學101航太一A | | | [DASSAULT MIRAGE IV] | Supersonic Strategic Heavy Bomber | 航太工程概論 芮卡拉 401435010 航太工程概論 芮卡拉 401435010 INDEX 1. Introduction.................................................................................2 2. Type Of Plane...............................................................................4 3. Dimension Of The Airplane…………………………………...………………….5 4. Manufacture Company……………………………………………………….…….6 5. Type of Engine…………………………………………………………………………
Premium World War II Nuclear weapon
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
Premium Las Vegas Strip Las Vegas Sands MGM Mirage