The Mirage Hotel and Casino (The Hotel Industry) By Gregory D. Tucker The word “hotel” didn’t appear until the 18th century. It came from the French hotel‚ large house‚ and originated in the Latin roots hospitium or hospes. Hospitality‚ hostile and hotels are all related words. The difficulty of identifying early travelers as friends or foes probably accounts for the conflict in meaning Friendly travelers found security and accommodations through the hospitality of their hosts. As the numbers
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My Favorite Vacation Destinations When someone mentions the word vacation I am always ready to go! Vacation is a time for shopping‚ fun and relaxation. Some of my favorite vacation destinations include the Las Vegas strip‚ New York City and of course the beach in Destin‚ Florida. There is one thing about Vegas‚ you will never be bored. It is not called the city that never sleeps for nothing. The dark sky on the strip is lit bright by the neon lighting that makes your eyes squint. Step
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Stevie Nicks Stevie Nicks is considered one of the most influential female musicians in the world due to her unique vocals‚ style‚ and attitude which have inspired fans as well as other musicians. Stephanie “Stevie” Nicks was born May 26‚ 1948 in Phoenix‚ Arizona. Stevie traveled the country with her family which led her to meet Lindsey Buckingham while she attended high school in California. The two both shared an interest in music allowing for the pair to grow close both musically and romantically
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- 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 mid-2000s‚ growth of its non-gaming (lodging‚ food‚ retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging‚ with median property prices in Las Vegas twice
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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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Case Report—Controls at the Bellagio Casino Report 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
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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 company owns a dockside casino in Tunica County‚ Mississippi‚ a riverboat casino located in Elgin‚ Illinois‚ and is developing
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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
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Executive Summary: Circus Circus Enterprises is a leader and will continue to be in the gaming industry. In recent years‚ they have seen a decline in profit and revenue; management tends to blame the decrease on continuing disruptions from remodeling‚ expansion‚ and increased competition. Consequently‚ Circus has reported decreases in its net income for 1997 and 1998 and management believes this trend will continue as competition heightens. Currently the company is involved in several joint ventures
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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……………………
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