Derek Witte SWOT Analysis: Wynn Resorts Strengths: Wynn Resorts‚ Ltd. was formed in October of 2002 by Steve Wynn‚ the former chairman and CEO of Mirage Resorts. The greatest internal strength that Wynn Resorts possesses is just that‚ its CEO and founder. Steve Wynn is widely considered the “Father of Luxury Gambling”‚ and he is largely responsible for the image change and societal perspective change of the city of Las Vegas. Gambling‚ tacky furniture‚ and cheap buffets have evolved into
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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 more interested in leisure time in resort than just
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centric market‚ with 61% of revenues coming from the casino category in 1990. Today‚ non-gaming revenue 1 http://www.insidermonkey.com/blog/a-brief-history-of-the-gaming-industry-las-vegas-sands-corp-lvs-wynn-resortslimited-wynn-mgm-resorts-international-mgm-90508/?singlepage=1 2 http://www.businessinsider.com/las-vegas-gaming-vs-non-gaming-revenue-2013-3#ixzz2OGvTP13o comprises around 64% of Las Vegas’ total revenue mix as a result of the market evolving over the past ten years into
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a) Background and Motivation The Cirque du Soleil‚ the arguably most famous circus in the world‚ has been founded in 1984‚ in Quebec‚ Canada. The two initiators of this company‚ Guy Laliberté and Daniel Gauthier‚ have always seen circus with a modern eye. Effectively‚ their power of creativity and their visionary ideas have been the key ingredients to make this circus a global empire. The comparative advantage which makes the Cirque du Soleil so unassailable is its creative inspiration and the perfection
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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 and this is one of the reasons why many tourists love to visit it. Some of the hotels we visited are MGM Grand Macau Hotel‚ Wynn Macau‚ Grand Lisboa Hotel‚ Grand Emperor Macau Hotel‚ and the City of Dreams. The MGM Grand Macau Hotel is a unique structure located on a prime waterfront site in Macau’s central Nam Van gaming district
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Prior to 1988‚ the company was more commonly known as the Sands Hotel‚ and its main business was carried out solely in the hotel industry. Today‚ not only does it own various hotel and casino resorts globally‚ it is also one of the world’s leading international developers of multi-function integrated resorts. In a relatively short span of 20 years‚ how has the company been able to transform itself from an aging hotel operator to what it is today? This report seeks to answer this question by presenting
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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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also known as Sin City‚ with the hope of striking it rich. The glamour of decadence makes you feel like a celebrity‚ you are the king for the weekend. Haley (2004) writes‚ "From the deep-pile carpets to the space age chandeliers‚ wealth permeated resort hotels on the Strip. Publicists dramatized the lives of the rich and famous‚ and at every turn patrons might be reminded that casino gambling had traditionally been the exclusive province of upper classes around the world." (p. 64) Today‚ Las Vegas
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Singapore‚ and the United States. Macao LVS operates the Venetian Macao‚ the Four Seasons Hotel Macao‚ the Sands Macao‚ and the Sands Cotai Central in Macao. The Sands Cotai Central was opened in April 2012 and is the first phase of an integrated resort complex planned to open over the next several years. In 2011‚ operations in Macao accounted for roughly 52 percent of total revenues for LVS. Singapore LVS operates the storied Marina Bay Sands in Singapore and has plans to open other facilities
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The history of Cirque du Soleil traces back to the 1980s. That was when Guy Laliberté and Daniel Gauthier decided to gather a group of young street performers in Quebec and founded Le Club des Talons Hauts. In 1981‚ they organized the Fête foraine of Baie-Saint-Paul‚ a cultural event in which street artists from all over met to exchange ideas and enliven the streets of the city. Encouraged by public enthusiasm‚ Circus itself first saw light in 1984 with the support of the Government of Québec
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